“Through a prediction up to 2025, we expect the market for crushing and screening equipment to develop at an average annual growth rate of 8 to 10%.” Williams RJ, CMD, Hailstone Innovations
What’s driving the market
Growth in the crushing and screening equipment market is mostly being driven by the increase in automotive production and infrastructure constructions. Along with that, the sector’s expansion is also aided by the power and cement industries. The market will also be able to capitalise on the anticipated rise in demand for iron, steel, and other major and minor minerals. Third-world nations will demonstrate strong development, which will lead to better market performance. Even if there are some negative economic slowdowns, 2023 is going to be a game-changer. There may be a minor slowdown in global economy, but India, East Africa, the Far East, and ASEAN will see strong growth.
Ethically manufactured and environment-friendly products
In the upcoming years, there will be an increase in demand for minerals. Several trends will determine and shape this industry, including: the shift to a low-carbon economy; access to resources; new financing options; a social contract for mining; big data and mining; the geopolitics of mining; and modern mining workforces.
Hailstone intends to introduce products using cutting-edge technology in light of how the world and consumers are changing. Future technology users demand products that are ethically manufactured and friendly to the environment. Mobility, high availability, and sustainability will be the key factors which our all deliverables will be focused on.
Through extensive R&D, our products are being developed to provide energy efficiency and are having the latest technology. Recycling equipment is also a part of our product line. The latest IoT, Industry 4.0 technological advancements will be visible in all our equipment. Digitalization, using toll-free numbers, and by improving the processes we are seeing customer satisfaction and staying above the competition.
A significant difficulty that we are facing is the rise in the cost of raw materials and NBFC funding for first-time buyers (FTBs). To improve financial accessibility for potential first-time buyers, we have been working closely with top financial companies to enable consumers to qualify for the loan, backed by a good business plan. The industry will end up with existing purchasers expanding without FTBS.
Hailstone has been strengthening its product support to avoid brand substitution by customers. Customers have slowly moved to mobile plants and have started looking at OEMs who can provide a total package to the plant, which includes AMC, OMC etc. We not only demand that our customers purchase a set of vital spare parts to maintain the plant operations, but we also offer machinery. For site supervision and operational training, we have highly qualified engineers. Additionally, our specialised after-sales team takes care of any client’s technical questions or need for spare components.
We are entrenched in the mining and aggregates industries and are dedicated to ensuring each of our customer’s profitability and success - from designing the plants to their installation, training operators, enhancing network for timely after-sales support, maintenance etc.
Without a doubt, “maintenance negligence” leads to greater energy costs per ton of material crushed (kW/hr per ton) and, frequently, lower crusher productivity. Some producers of aggregates earn enough money yearly to balance “maintenance neglect”, but we focus on lifecycle management of our equipment while offering customers a proactive technical help on a regular basis.
All our deliverables and attributes are based on a few key parameters like Versatility, Ease of Handling and Maintenance, Lower CAPEX & OPEX, and Greater Availability. All our products meet the standard norms like NHAI, IS, and BIS.
Hailstone has already entered major countries and have completed many projects successfully. The global mining industry has been witnessing steady growth for the past few years, owing to a rise in mining exploration activities and initiation of new mining projects in countries such as Canada, the United States, Australia, India, Russia, and South Africa. Hailstone is expanding its wings globally and our immediate target is to have a strong presence in Tanzania, Argentina, Madagascar, Mongolia, and Uganda as they are all rich in natural mining resources.
We are proud to be part of the Government’s Make in India initiative. We follow a mixed market strategy by associating with dealers and agents in most of the markets we are present in.