The construction machinery market in India is booming. Infrastructure and construction projects are benefiting from long-term support thanks to reforms passed by the Indian government. These are positive signs that are also reflected in the number of companies signing up for the next bauma CONEXPO INDIA. The event will take place from Dec. 11 to 14. Due to the positive feedback from visitors and exhibitors, the trade fair will be held for the second time at the HUDA Ground in Gurgaon/Delhi.
With less than six months to go before it starts, the event organizers are optimistic about the upcoming construction machinery trade fair. “Demand is high and we are pleased with the high level of interest. We already have 30 percent more space registered than for the previous event,” said Bhupinder Singh, CEO of bauma CONEXPO INDIA. Well-known companies such as ACE, Case, Caterpillar, JCB, Kobelco, L&T, LiuGong, PERI, Putzmeister, Sany, Schwing Stetter, Volvo, Wirtgen and Zoomlion have not only registered to take part again but have also increased the floor space for their stands.
Familiar and New Faces at bauma CONEXPO INDIA
The event organizers are also thrilled to see the return of an industry giant: Terex, which last attended in 2014, will be back again. Other well-known companies such as Deutz Engines, Doka, Doosan Bobcat, eTrack Crushers (a Keestrack Group company), Hyundai and Manitou Equipment have also signed up for the event.
New faces to bauma CONEXPO INDIA include the German company Kaeser Kompressoren SE, a world-leading manufacturer and supplier of compressed air products and services, and India's Tata Hitachi, a leading manufacturer of mining, construction and agricultural machinery.
The trade fair's reputation is not only attracting well-known companies from India but also exhibitors from across the globe. Various countries, including China, Germany, Spain and North America, will be represented on site with joint stands. More country pavilions are planned. The advantages of this centralized organization are that joint stands enable small and medium-sized companies to find cooperation partners, and provide help in gaining a foothold in this large market.
Trade Fair Wins Award
For the third time, bauma CONEXPO INDIA has won an award from the Indian Exhibition Industry Association (IEIA) and The Economic Times. The construction machinery trade fair impressed the panel of judges in the “India's Top B2B Exhibition” category.
Sustained Growth Forecast for India's Construction Machinery Market
Following an Off-Highway Research analysis (April 2018), India's construction and mining industries in particular are expected to experience sustained growth through to 2022. iCEMA, the Indian Construction Equipment Manufacturers' Association, also predicts a 10% growth rate for India's gross domestic product by 2024. A major reason behind these promising trends are ambitious reforms passed by the Indian government that support infrastructure and construction projects.
Well-known companies are responding to the positive trends of the Indian economy and have already registered for the event. The preliminary exhibitor list is available here.
More information is available at www.bcindia.com.