Off-highway Tyres: Makers Foresee Growing Volumes
Buoyed by the increased focus of the government towards infrastructure development, off-highway tyre manufacturers expect demand to rise. However, future demand will be characterised by requirements of valued product and services from construction equipment owners, so as to have higher equipment uptime and minimal cost of operations.
Tyre makers see increment in volumes on account of positive projected growth in infrastructure projects across construction equipment value chain, requiring deployment of tyre mounted mobile equipment in larger proportions. Volumes based demand is also expected, as OEM manufacture and position products across class and variants to fit the fast emerging heterogenous demand of the Indian construction sector, resultantly creating market share. There has been a notable development during the past few years with manufacturers widening their product portfolio in backhoe loaders, tractor trailers, wheel loaders, transit mixers and tipper trucks.
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NBM&CW December 2014
