This year, we will be specially addressing the key focus areas of Government of India: Swachh Bharat and Skill India. VG Sakthikumar, Managing Director, Schwing Stetter Sales and Services Pvt Ltd elaborates more on the plans.
We are growing at a steady pace. In India, over the next few years the earthmoving and construction equipment (ECE) industry is expected to grow at a tremendous CAGR of 20-25 per cent. Currently the ECE market accounts for only $3 billion, but its growth potential is more in the near future, such that the market would be around $16-20 billion by 2020. Indian ECE market has the greatest capability to grow at 20-25 per cent to reach a sales of 330,000-450,000 units by 2020 wherein concreting equipment is to grow at a CAGR of 15 per cent annually.
Schwing Stetter as a company stays always focused in introducing the latest state-of-the-art technologies that are required for the construction industry especially in India. In Bauma Conexpo India 2016, Schwing Stetter India will be launching a slew of new products. These products are for different needs like batching concrete, transporting concrete, pumping concrete, recycling concrete and shotcreting concrete. But this year, we will be specially addressing the key focus areas of Government of India: Swachh Bharat and Skill India. Towards these goals, we will be displaying Smartec sludge pump, which will be of great help in projects like cleaning of Ganga, metro rail construction, wastewater management and smart cities.
Similarly, our training simulators will offer opportunity to the operators to move onto virtual experience and simulation to train them in safety and operation of concrete boom pumps. This will be a one step forward compared to the current learning with the graphics.
Also, we will be showcasing a heavy duty stationary pump SP 4507 for the first time. SP 4507 is a new development for the present trend of high rise pumping requirement especially in growing real estate markets like India and abroad. This new-age pump bridges the gap between SP3800 and SP4800 capacity pumps. This will cater to high-rise segment where the present challenges of pumping the mix with stiff consistencies at a faster rate to around 300 m vertical.
We will also be launching a slew of products like recycling plant RA20, 5 tonne external climbing flat top tower crane XGT T80, 1.8 tonne wheel loader LW180K, motor grader GR 150 II, truck mounted crane QY85KA-Y, piling rig XR130E, crank arm type aerial lift platform GTBZ14J, crank arm type aerial work platform GTJZ08 and horizontal directional drilling machine XZ450 plus.
We expect Bauma Conexpo India to have many visitors, decision makers especially from government departments, which will give all the manufacturers an opportunity to showcase the strength of the company and the product to such visitors. This will definitely help the industry to have a better understanding about the future requirement of machines for increase in the scale of construction in India with increased speed and skill levels.
We look forward for the customer feedback and comments for the products displayed, so that we can finetune and bring out the products which are capable of addressing their needs.