CONCRETING OPPORTUNITIES!

The rising public, rapid urbanization, significant amount of private investments as well as increasing industrialization investments in infrastructural sectors has made the Global Pervious Concrete Market a catalyst for new constructions all over the world.

The Indian concrete equipment market is projected to cross $ 1,300 million by 2024, exhibiting a CAGR of 13% on account of anticipated growth in construction industry, increasing foreign investments, and rising number of smart city projects in the country.

On the basis of value, batching plant segment is the largest segment in the Indian concrete equipment market. The growth of the segment is led by growing customer preference for high capacity and technologically advanced batching plant. Moreover, factors such as increasing number of construction projects, shorter completion time, and the demand for customized solutions by end-users are further fuelling growth of this segment.

Government initiatives towards infrastructure development is further boosting the demand for concrete equipment in India. Some of the construction projects in the country include Smart City Mission, AMRUT, the Atal Mission for Rejuvenation of Urban Transformation, Metro Rail in urban areas, Bharatmala, and Sagarmala, among others.

In addition, government is also supporting the Indian concrete equipment market by liberalizing taxation policies for the construction industry such as GST and custom duty. In 2018, the government of India reduced the GST on concrete equipment from 28% to 18%, which will help the concrete equipment manufacturers to reduce the overall cost of equipment and other operational losses.

Concrete Paving Market

The concrete paver market contains astounding variety of application and technology adoption for ease of use and time-saving. Considering the satisfaction of project owners and flexibility of changing paving widths and transportation equipment easily and quickly there is a demand for refined control over pavement smoothness. For the need of the increase in adjustment speeds of the paver concrete machines, there has been using of refining paver controls and features to meet the ultimate goal of paving smoothness. Major infrastructure projects in developing economies have created demand for the advanced controls in the concrete paving machines for smooth functioning and good outcome. The Pervious Concrete Paving Equipment with the new technology of network communications system allows rapid, two-way communication between all accessories and G+ controller, as well as the other technology which is the smoothness indicator are said to have a significant growth for the Concrete Paving Equipment Market. G+ Connect System and GSI technology have become a new choice for infrastructure projects across the globe. The technique of two lift paving uses less expensive or the recycled aggregates in the lower lift and saves the best aggregates for wearing course which then minimizes the effects of skidding, reduction in pavement noise and the pavement life leading to significant growth for the Concrete Paving Equipment Market. Laser grading technology is adopted to substitute string lines.

Dynamics

The rising public, rapid urbanization, significant amount of private investments as well as increasing industrialization investments in infrastructural sectors has made the Global Pervious Concrete Paving Market a catalyst for new constructions all over the world. The infrastructural designs and sustainability play a major role in Construction industries and other Industrializations. Based on different applications of Pervious Concrete Paving Equipment in the construction, infrastructures and industrializations the paving equipment is expected to grow rapidly in the near future creating opportunities for The Global Pervious Concrete Paving Equipment Market.

A concrete paving equipment with smart features is said to be a better choice to get better and quick results. The Slip form Concrete Paving Equipment Market is said to be very solid. The Concrete Paving Equipment Market is showing a renewed interest for two-lift paving and stringless paving. The Pervious Concrete Paving Equipment with the new technology of G+ Connect System and smoothness indicator are said to have a significant growth for the Concrete Paving Equipment Market. 

Integration of biodegradable, recyclable and sustainable materials in construction activities in the economies has created growth opportunities for the modern construction techniques thus increasing the Global Pervious Concrete Paving Equipment Market. Growth in modern retailing, rise in consumer income and employment, increase in demand for new commercial and industrial construction projects are some other factors influencing the Global Concrete Paving Equipment Market. For the adoption of the new technologies into these equipment huge investments will be required which may lead to slow growth of the Concrete paving Equipment Machine Market.

Market for Concrete batching plant.

Concrete batching plant or more commonly concrete plant mixes the required ingredients to form concrete, which includes sand, water, aggregates (gravel, rocks, etc.), cement, silica fume, etc. Generally, there are two main types of concrete plants available in the market, namely, Dry mix and Wet mix plants. A concrete batching plant consists of various accessories and parts, which include mixers, aggregate batchers, cement batchers, conveyors, aggregate bins, chillers, cement bins, dust collectors, etc. Concrete batching plants are available in different types in the market such as stationary, portable and semi-portable. Portable concrete batching plants require less installation space and it is easy to transport them to different sites such as apartment construction site, multipurpose dam construction site and so on. Concrete batching plant has become a common sight in countries all across the world.

Dynamics

Rising infrastructural investments in the developing countries of Asia Pacific, Europe and North America is the key factor supporting the growth of concrete batching plant market. Growth of the market is predominantly driven by the development of large scale infrastructural projects in Asia Pacific as well as other regions spurred by economic recovery. Moreover, governments of major economies are focussing on development of transportation facilities and strengthening energy infrastructure. Further, innovation in the technology required for the production of concrete aggregates has led to the increased efficiency of manufacturing process, leading to significant productivity as well as high quality concrete. The above mentioned factors are expected to boost the demand for concrete batching plants in the near future and this in turn drives the growth of concrete batching plant market.

On the other hand, recent trends in the market for concrete batching plants have been impacted by the economic slowdown. Since various large scale infrastructural projects have either delayed or stalled over the past year, manufacturers have been focussing on medium and small scale projects at present. The major challenges identified in the global concrete batching plant market include the fluctuation in the cost of components of batching plants as well as change in energy prices.

The key trends identified in the global concrete batching plant market include utilization of batching plants by commercial concrete manufacturing facilities. Moreover, ecological indicators have become more and more demanding, which include dirt disposal and residual concrete recycling.

The Wireless Revolution

A phone isn’t just a phone anymore. We expect our mobile devices to deliver access and answers anywhere, anytime. If we can find up-to-the-minute sports scores and news headlines, why can’t we see when a load of concrete was dispatched?

Producers can now provide customers with real-time data about production and delivery, and more importantly, improve painful processes. Quicker communication with dispatch leads to more accurate delivery times. Harvesting data from different software, such as accounting, inventory management, and QC in the cloud produces more meaningful insights. Digital records are replacing paper trails.

By harnessing real-time data, producers and their customers are being set free from time-consuming routines and costly errors.

Intelligent Equipment

Adding sensors to plant equipment and global positioning systems (GPS) to ready-mix trucks gives producers much more accurate and timely information about their assets. Strength gauges are beginning to change how we understand curing and the concrete life cycle. But even the most cutting-edge new gadgets are not meaningful unless we translate the data into actionable information.

Producers who invest in new technology must also commit to adopting new processes to realize any benefit. For example, collecting truck diagnostics is useless without incorporating the data into a regular maintenance plan.

New technology is a necessary investment, but by itself, insufficient. Producers must be willing to do the hard work of harnessing the potential by redefining core practices. Otherwise, the investment is mostly wasted.

The Trust Differentiator

Bit by bit, systems and software can also increase trust and reduce costs. Each day producers and their customers fight a host of problems, from materials supply through placing the finished product. Often this creates a low trust environment in which each participant plays the blame-game to survive, and everyone’s costs increase.

By using technology that pinpoints product quality issues, producers enable long-term product and process improvements. Some of these tools make real-time production and delivery data available to customers. This speeds communication and adds a level of trust that you are delivering what you promised, when you promised it.

Moving at the Speed of Millennials

Our next generation of leaders not only expects, but demands tech-based solutions and devices. To Millennials, work is just another set of apps. If we don’t offer these tools we’re going to be the industry of last resort.

There are real economic benefits to embracing new technologies and hiring people who want to use them. For example, mobile apps with real-time information can help us work more efficiently.

We should recognize the opportunity to fix counterproductive practices. New tools present new ways to operate, learn, and share information that can bypass old habits. Fresh faces can be change agents for setting new standards, while keeping the best parts of your corporate culture.

Technology as the Great Equalizer

Traditionally, large ready-mix producers have set their sights on larger jobs, such as high-rises and highway projects, and smaller producers have been happy to fill one-off orders. Their customers overlap somewhere in between.

Technology has a leveling effect that should strike fear in larger producers. Small operators are taking advantage of tools such as mobile dispatch and truck monitoring systems (versus a room full of dispatchers) and cloud-based data storage (no need for a server room) to expand their capabilities. By offering services that formerly tied customers to larger producers, they are winning more bids for everyday work.

Larger producers are also entering smaller producers’ territory in terms of cost control. Technology that provides greater visibility into day-to-day operations helps producers with hundreds of plants and thousands of trucks monitor actual costs in a way they’ve never been able to before.

As all producers find ways to leverage new technologies, the most efficient producers will be the most successful.

What’s next?

You’ve heard the concrete industry must be more tech savvy. The reality is, producers are benefiting significantly from technology. Those who embrace tech trends are becoming the suppliers and the business partners of choice.

It’s up to the concrete industry to determine how to take the greatest advantage of modern technology, with the least amount of turmoil. We must adapt to thrive.

Hits: 45