India's Bauma Conexpo Benefits From Recovering Market

CECE Secretary General Riccardo Viaggi (right) and Bhupinder Singh, CEO of bC Expo India Pvt. Ltd (next to him) during the inauguration ceremony of bauma CONEXPO INDIA 2018.

The preparations for bauma CONEXPO INDIA are in full swing: the International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles will take place from November 3 to 6, 2020 in Gurgaon / New Delhi. Around 700 national and international companies will use the 195,000 square meters of exhibition space to present machines, vehicles and equipment for the Indian market, which seems to be slowly recovering.

In addition to bauma CTT RUSSIA (May 26-29) and bauma CHINA (November 24-27), bauma CONEXPO INDIA is the third event in the bauma NETWORK to be held this year. Instead of mid-December as previously, this year for the first time, it will take place at the beginning of November. The organizers-bC Expo India Pvt. Ltd., Messe München GmbH and AEM Association of Equipment Manufacturers-hope that this new date will result in even better participation. The last bauma CONEXPO INDIA, which took place two years ago, attracted around 40,000 participants.

According to government announcements and expert forecasts, bauma CONEXPO INDIA will encounter a generally favorable market environment at the end of the year. After a difficult year in 2019, when sales of construction and building material machinery fell to 80,000 units, experts at the market research institute “Off Highway Research” anticipate a significant upturn in the coming years: machine sales are expected to increase to up to 120,000 units by 2023. India's role as a regional export hub is also of great importance in this context.

According to recent statements by Nitin Gadkari, Minister of Road Transport and Highways, India plans to make massive investments - namely $1.4bn - in infrastructure measures again in the coming years. The money is to be used primarily for the construction of roads and waterways as well as airports, ports and smart city projects. As a result, Gadkari expects construction equipment sales to increase by up to 40 percent.

bauma CONEXPO INDIA could also benefit from a recovering Indian construction industry that is slowly picking up speed. Bhupinder Singh, CEO of bC Expo India Pvt. Ltd., is optimistic about the market: “The Government has several projects that are underway, and these planned projects will help create a surge in the heavy construction equipment market. bauma CONEXPO INDIA 2020 will play a pivotal role in giving impetus to the regressing business and providing a platform for national and global players to demonstrate their brand, products and services.”