Page 80 - CO April 2017 Full Issue

SPECIAL FOCUS: CONCRETE & CONCRETE EQUIPMENT application segment. SCC has the unique ability to settle and fow into even the most congested crevices and to-be-reinforced places purely on the basis of self-weight. Its aforementioned characteristic reduces the need for vibration equipment and large labor force; thereby, resulting in noise-free and low- time consuming construction. Te precast concrete segment accounted for the majority of consumption in the global SCC market in 2015. Tis market is driven by a number of factors, such as the non-requirement of vibration process in laying SCC, the improved air large down payment for purchase. As a continue to be macro-economic in nature, quality and signifcant reduction in MRO result, small and medium-sized enterprises with the lack of easy access to credit, costs, and the reduced environmental will start renting paving and concreting un-friendly legislation, and low pace of footprint in SCC-based new construction equipment. Tis will reduce their operating projects per annum continuing to derail and repair activities. However, this market costs and will in turn, lead to the growth the growth process. Moreover, more than faces certain drawbacks, primarily the of the equipment rental business.During 80 per cent of the concrete in the industry high costs associated with using SCC, and 2016, the compactors segment accounted is still transported manually by unskilled the limited usage of SCC in construction for the major market shares and dominated labor. With the absence of many large-scale activities in emerging economies. The the market. Due to their usage across a wide projects, the speed of execution is of little scenario in developing countries in Asia- of operations such as road construction, site importance and therefore, mechanization Pacifc, especially in India, is expected to clearance, and landscaping, this segment will of construction is low priority. Te sector change drastically in the coming years, post signifcant growth in the coming years. continues to be plagued by lack of skilled primarily because of the development and APAC will be the major revenue contributor contractors and poor access to basic introduction of SCC by UltraTech in the to the market till 2021. Tis is mainly due amenities like water and electricity, making country. to the rise in urbanisation in the countries construction a difcult business in India. Te increased consumer emphasis on low- such as China, India, Indonesia, and the Te Central and State governments must noise construction activities, the growing Philippines, which will fuel the growth of gear up to fulfll the basic needs of the popularity of Low-fines SCC (Smart construction market in this region. industry. Dynamic Concrete), and the gradually Also, the government needs to provide recovering construction and housing sector Rock solid foundation ahead easier access to funding to promote in Europe in the recent years, are some of Te global market for concrete and cement investment by established players. Secondly, the major growth opportunities for the is estimated to grow steadily at a CAGR of the government along with industry should players in the global SCC market. nearly 8 per cent by 2020. Te recent rise in rapidly intensify the skill development to the preference for prefabricated construction leverage the opportunity ofered by growing Equipment expanse will aid in the growth of this market until markets. Tirdly lowering of interest rates to According to recent Technavio’s market the end of the forecast period. Prefabricated make funding cheaper, so that double digit research, the global paving and concreting structures can be constructed of-site and ROI is no longer necessary. Te fourth one equipment market is expected to grow helps to avoid the chaos and congestion is to budget the correct amount of funds steadily during the forecast period and post caused due to on-site construction. Since for each project. Currently, the project a CAGR of about 12 per cent by 2021. Te it helps to increase the construction speed cost is nearly always underestimated which growth of the construction industry across and reduces the cost and time taken in the pushes the contractors to play with the the world is one of the major factors that will process, they are increasingly being preferred specifcations of raw material and equipment have a positive impact on the growth of this for a wide array of construction activities. just to survive.” market in the coming years. Owing to the Elaborating on challenging times and Going by the latest developments and rapid urbanization and economic growth, opportunities ahead, research augmentation, it's a matter of there is an increase in the construction of Wilfried Theissen, MD, time that we see newer and newer concrete ultra-high-rise buildings in several large and Putzmeister Concrete innovations setting stage for world-class medium-sized cities across the world. Tis Machines, says,“We construction projects across the country. in turn, will increase the demand for paving foresee positive trends for With industry upbeat about the new age and concreting equipment, consequently the next 5-10 years for the advances, time has come for concrete to aiding market growth. construction equipment take center stage in construction owing it Since paving and concreting equipment industry, provided the goal post will its inherent advantages such as durability are quite expensive, they ofen require a not be moved again. Te major challenges and eco-friendliness. u 82 construction opportunities|aPrIL 2017