XPT Consultancy & Software Services Pvt Ltd.

Industrial Machinery

GLOBAL INDUSTRIAL MACHINERY INDUSTRY - OUTLOOK

Heavy construction equipment is a critical tool for construction activities. They form the backbone of any construction project by reducing human effort and time. Heavy construction equipment has contributed to the rapid development of infrastructure for the development of economies globally. Heavy construction equipment comes in different forms that include earth moving equipment (Excavators, Loaders, Backhoe, Graders/Motor Graders, and Others), material handling equipment (Cranes, Telescopic Handlers, and Others), Construction vehicles. (Dumpers, Tippers), and other heavy construction equipments. 

The global heavy construction equipment market is witnessing decent growth based on heavy investments done in the infrastructure recreation to accommodate smart residential and commercial buildings. The emerging markets in South America and Asia-Pacific are witnessing strong demand for heavy construction equipment and large investments are made in these regions due to increasing population, technological developments, and infrastructural developments in emerging markets.


EUROPEAN CONSTRUCTION MACHINERY INDUSTRY - OUTLOOK 

The construction sector is of strategic importance to the EU as it delivers the buildings and infrastructure needed by the rest of the economy and society. It represents more than 10% of EU GDP and more than 50% of fixed capital formation. It is the largest single economic activity and it is the biggest industrial employer in Europe. The sector employs directly almost 20 million people. The sector indirectly and directly affects some 44 million workers. 40-45% of Europe’s energy consumption stems from buildings with a further 5-10% being used in processing and transport of construction products and components.

EUROPEAN CONSTRUCTION MACHINERY INDUSTRY – GROWTH AREAS 

*  65% of the 500 companies across European building and construction sector in UK, France, Germany, Italy and Spain are planning to expand internationally are doing so primarily to evade the current economic environment in Europe in next 05 years.

*  In terms of location, building and construction firms are looking beyond their neighbouring European markets for expansion. 32% see opportunities in Asia and South America while 20% are targeting Africa.

*  The sector does however remain wary of the risks of operating in less familiar territories. The biggest risk that firms believe they face when expanding into new countries is dealing with local regulations (50%), significantly more than those concerned about financial risks and instability (35%) or differing cultures or business practices (35%).

XPT ENGINEERING SERVICES OFFERINGS - AUTOMOTIVE 

XPT offers value added services like new product development, Product Benchmarking, Styling, Design and Engineering,

 Integration, Virtual Validation, Prototyping, Physical Testing, Homologation, Sourcing and Digital Manufacturing.


You are here: Home Engineering - Industrial Machinery