Goodluck India Launches Hydraulic Tube manufacturing at Bulandshahr Facility

Goodluck India has formally commenced the commercial production at its hydraulic tube manufacturing facility located in Bulandshahr, Uttar Pradesh. It is leading to a crucial advancement in addressing the increasing need for superior hydraulic tubes. The factory, situated in the Sikandrabad Industrial Area, commenced operations according to the planned timeline.

The recently launched plant features state-of-the-art technology, allowing it to provide hydraulic tubes for sectors like construction machinery, light commercial vehicles, and industrial equipment. This achievement underscores Goodluck India’s dedication to enhancing its capabilities and addressing the growing need for hydraulic tubes in multiple industries.

Besides the Bulandshahr's manufacturing facility, Goodluck India is simultaneously increasing the capacity of its CDW & ERW Tubes unit in Bhuj, Gujarat. The capacity will rise from 80,000 tpa to 119,000 tpa in two stages, with Phase-I construction finished and Phase-II pending approval.

The size of the hydraulics market is projected to increase from USD 42.5 billion in 2023 to USD 50.5 billion by 2028, achieving a CAGR of 3.5% during the period from 2023 to 2028.

The swift expansion in construction operations, rising demand for material handling devices, greater necessity for sophisticated agricultural machinery, and extensive use of hydraulic tools across various sectors all substantially affect the trends in the hydraulics market.