Any construction site cannot be possibly completed without the use of excavators. Compact excavators, suction/vacuum excavators, dragline excavators, backhoe excavators, crawler excavators are the most commonly used types in India. In a recent survey conducted by 360 Equipments, approximately 81% of the respondents (Earthmoving Equipment Owners, Civil Contractors, Infrastructure Developers) reported that they have used these in their most recent construction works.
With India counted among the top 3 contributors to the global construction industry, the growth trend in equipment is bound to continue. A 12% growth rate in 2020, as reported by the German Engineering Federation (VDMA), poses to be a positive signal for the coming years. However, a more interesting result indicated through our survey was that a wide majority (almost 55% of respondents) have their excavators rented instead of owning them.
Of excavators, crawler excavators prove to be the most commonly used among the Indian construction industry. For the year 2018, it is estimated that a majority (68%) of units sold account to be crawler excavators and backhoe loaders. Its ability to stay highly stable across uneven terrains during digging activities and an overall lower cost makes it a preferred choice for rental companies over other types. Our survey reported a similar trend with crawler excavators being the most commonly reported (35%) followed by backhoe excavators (28%).
The equipment rental market in India is transforming with the introduction of advanced technologies which are taking the industry for a stride. It is expected that the procurement and operational cost of construction machinery will reduce substantially. In the coming 2-3 years, the demand for equipment rentals is expected to swell. With the Indian infrastructure investments on a continuous rise over the past 3 years, renting out equipment seems to be a great choice owing to the recently reported shortage of supplies all across the globe.
We stand a great chance in becoming your next choice of construction materials hub! We proudly offer a pool of 2000+ new, used and refurbished equipment from all across the nation to people involved in construction activities. So get rid of the worries of gathering large chunks of money to buy big-budget construction tools and equipment, instead simply rent them from somebody who has the same equipment sitting idle in their compounds. In addition, be assured of quality tests and inspections performed on each of our rental equipment offered for improved safety.