Construction Mirror Article detail

The Indian CE industry saw a tumultuous FY22, with a host of factors pulling the industry sales down by 8%. The sales dropped to 85,385 units during the year as compared to 92,470 units of construction equipment sold in FY21, as per the Annual Industry Data Report released by ICEMA. 
According to market research report, "Construction Equipment Rental Market Size, Share & Trends Analysis Report By Product (Earth Moving, Material Handling, Concrete & Road Construction), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research, the pandemic led to a global lockdown and supply chain disruption which impacted the manufacturing, construction, and mining sectors at large. Post pandemic, issues such as lack of availability of skilled workforce, spiking raw material prices, and high EMIs have amplified uncertainties in the construction sector subsequently hampering the growth pace. Thus, to avoid the risk aversion and reduce uncertainty, larger-scale construction companies are switching towards renting the construction equipment, thereby driving the growth of the construction rental equipment market. Currently, rental penetration in India remains very low, at 8 percent, compared to the global standard of 50 to 80 percent, as reported by AT Kearney. India’s Leasing/rental segment of construction equipment is still very nascent and very fragmented, but is expected to show strong growth of over 30 percent annually over the long run.

As a leading player in the construction, mining and energy and transport sector, Gainwell Commosales Private Limited (Gainwell) has been playing a crucial role in developing India’s infrastructure. For nearly 8 decades, Gainwell has been empowering the customers to build a better India and a better world through its technology-enabled comprehensive solutions including rental solutions.

Gainwell through its partnership with Caterpillar offers the largest range of rental fleet including Backhoe Loader, Wheel Loader, Skid Steer Loader, Track-Type Tractor, Medium Wheel Loaders, Hydraulic Excavator, Track Type Loaders and Motor Graders. As part of its winning strategy, Gainwell offers rental solutions for both road and mining contractors, reaching out to companies operating in remote and inaccessible areas like J&K, North East etc. The company plans to optimize the fleet size every year with the goal to broad base its reach in every sector of construction like road, cement, mining, port, tunnel and infrastructure.

“Our relentless focus on product quality, customer satisfaction and innovation has helped push the boundaries and tap the immense potential for development in this sector. Customers can rely on the equipment, technology and application expertise to choose the best solution for their projects”, says Manav Kohli, Chief Operating Officer – Construction Industry, Gainwell Commosales Private Limited.  

With a strong focus on operational excellence, Gainwell engages in long-term partnerships with the customers for executing their projects. Gainwell has been powering the progress of the nation through several signature infrastructure projects like Chenani Nashri in J&K, where 45 machines were deployed for over 5 years to build the country’s longest tunnel. Another 42 machines were deployed in DFCC, the Railways Freight Corridor. 12 pieces of equipment were deployed at aggregate mines and 14 pieces at Iron Ore mining in Barbil, Orissa. Besides, Purvanchal Expressway, Bundelkhand Expressway and Agra Expressway were also built using Cat machines, both new and those hired through rental solutions.

Gainwell’s rental offerings are equipped with leading-edge technology that increases the safety, productivity and efficiency of the machines. Through the adoption ofadvanced technology like IoT and autonomous fleets, Gainwell delivers customized data-driven solutions for the customers’ success. Technology solutions like Cat® Connect and Trimble uses data pulled from technology-equipped machines to provide insights on the equipment and operator behaviors to help improve the health of the machine, operator safety and productivity while keeping the costs down, enabling better ROI for all investments.

Looking ahead, the enhanced export potential and the Government’s continued thrust on infrastructure development through mega plans including National Infrastructure Pipeline, Gati Shakti Masterplan, National Monetisation Plan, Urban Rejuvenation Mission: AMRUT, Smart Cities Mission, Swachh Bharat Mission and others will not only drive the progressive growth of the infrastructure industry as a whole but will also act as key drivers for the growth of the rental equipment industry. The expansion in mining activities to address the growing demands for energy along with development in the bulk material handling, material processing and concrete equipment space also presents significant growth opportunities. 

“The recent Government announcements on infrastructure investments put forward a very strong pipeline and growth avenues for the rental equipment industry. Gainwell is poised to power the nation’s engine of growth with the right range of equipment, large distribution network, parts stocking points and trained set of operators and technicians”, concludes Manav.