Schwing Stetter MD: YoY demand for concrete equipment will be at 20-25%
11 May 2021
2 Min Read
CW Team
Schwing
Stetter is a pioneer in manufacturing equipment for concrete preparation,
placement, transportation and recycling. Schwing Stetter (India) manufactures
concrete batching plants, concrete placing booms, concrete pumps, truck mounted
concrete boom pumps, shotcreting machines, concrete truck mixers for
transporting readymade concrete to construction sites, concrete truck mixers
with concrete pumps, concrete recycling plants, plastering pumps, self-loading
concrete mixers, self-propelled concrete mixers and sludge pumps.
Speaking on the concrete equipment market, which is
going through a difficult phase due to the coronavirus pandemic, VG Sakthi Kumar, Managing Director of
Schwing Stetter (India), had this to say: 鈥�The concrete
equipment market is no exception in this pandemic, but not to the level of
other equipment segments like excavator, transport, haulage or similar
equipment. We have seen the fast recovery in the end of 2020 and ended up in a
decent sales volume (15% less than last year). The current market size is
approximately at 150 batching plants, 150 concrete pumps, 750 concrete truck
mixers and 350 to 400 self-loading mixers per month, provided the lockdown
restrictions does not affect the demand from the industry. The year 2021 should
see an increase of 20% over 2019.鈥�
He added, 鈥�The YoY demand will be at 20 to 25% in today鈥檚
scenario. Roads and highways will be the real differentiator. Metros and
high-speed rail will give the momentum to the business. This can be met by
Government鈥檚 keen initiatives on completion of existing projects and awarding
new projects.鈥�
Schwing
Stetter is a pioneer in manufacturing equipment for concrete preparation,
placement, transportation and recycling. Schwing Stetter (India) manufactures
concrete batching plants, concrete placing booms, concrete pumps, truck mounted
concrete boom pumps, shotcreting machines, concrete truck mixers for
transporting readymade concrete to construction sites, concrete truck mixers
with concrete pumps, concrete recycling plants, plastering pumps, self-loading
concrete mixers, self-propelled concrete mixers and sludge pumps.
Speaking on the concrete equipment market, which is
going through a difficult phase due to the coronavirus pandemic, VG Sakthi Kumar, Managing Director of
Schwing Stetter (India), had this to say: 鈥淭he concrete
equipment market is no exception in this pandemic, but not to the level of
other equipment segments like excavator, transport, haulage or similar
equipment. We have seen the fast recovery in the end of 2020 and ended up in a
decent sales volume (15% less than last year). The current market size is
approximately at 150 batching plants, 150 concrete pumps, 750 concrete truck
mixers and 350 to 400 self-loading mixers per month, provided the lockdown
restrictions does not affect the demand from the industry. The year 2021 should
see an increase of 20% over 2019.鈥�
He added, 鈥淭he YoY demand will be at 20 to 25% in today鈥檚
scenario. Roads and highways will be the real differentiator. Metros and
high-speed rail will give the momentum to the business. This can be met by
Government鈥檚 keen initiatives on completion of existing projects and awarding
new projects.鈥�
Read full interview
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