All Market & forecasts Articles
Dirk Verwim, sales manager for heavy lift and transport giant Sarens, speaks to IC about the crane market in the global petrochemical industry
The Portland Cement Association says the US construction industry is facing one of the worst downturns of the post-war era, based on its latest forecast for the cement, concrete and construction sectors.
High global demand for oil, gas and minerals, alongside ever increasing population levels is driving the Middle East’s current round of infrastructure spending. Richard High reports.
What you think the future holds for the US construction market depends which sector you’re looking at. The residential sector certainly has its problems, but elsewhere there is buoyancy. Chris Sleight reports.
There was little change at the top of the Yellow Table – iC’s ranking of the world’s 50 largest construction equipment manufacturers – in 2007, but various acquisitions made for movement further down. Chris Sleight reports.
Demand for construction machinery in China is projected to increase +12.7% per annum through 2011 to CNY 181 billion (US$ 25.9 billion), outpacing gains in most other regions of the world, according to Construction Machinery in China, a new study by the US-based Freedonia Group.
The European market for construction equipment grew again last year and, according to the latest CECE economic report, exports once again accelerated.
The 2008 edition of the Yellow table from International Construction shows Caterpillar still firmly at the top of the global construction equipment market, followed by Komatsu and Terex. The Yellow Table is a ranking of the world's top 50 construction equipment manufacturers, based on 2007 revenues.
New data from Eurostat shows that growth in construction output increased in January compared to a year ago. The European Commission's statistical arm says output in the EU 27 was +0,7% higher in the first month of this year, compared to January 2007.
Construction equipment sales in Western Europe grew +12% to an all-time high of 211560 machines last year, according to the latest report from Off-Highway Research. However, the company forecasts that this will be the peak in the current cycle, with an -8% decline expected this year to take the market to 184159 units.
The Access 20 shows continued growth in the industry due to companies moving into new market areas. Maria Hadlow reports on the shifts in this years Access 20 lifting of the biggest access equipment manufacturers.
To get a view of the US scaffolding industry, Patrick Hill took advantage of Conexpo/ConAgg last March to talk with the Scaffolding Industry Association, with a major US manufacturer with expansion plans, and with a major European manufacturer that wants to increase its US presence.
The US non-residential construction market grew +12% in the 12 months to the end of March. However, difficult conditions in the residential sector meant construction spending as a whole declined over the year.
Demand for cement in China will rise +5.1% annually to 1.3 billion tonnes by 2010, according to a report by the US- based Freedonia Group, Cement in China.
Caterpillar said it wants to open more that 550 new Cat Rental Store locations worldwide within the next three years. The ambition was announced the weekend before the Conexpo exhibition as Cat marked the opening of its 500th US store and the 10th anniversary of the creation of the first Cat Rental Store.
Renowned US rental consultant Dan Kaplan will give the keynote address at the European Rental Association’s annual convention in Amsterdam in June. The convention tales place alongside the new International Rental Exhibition (IRE) at the RAI exhibition centre on 3-5 June.
US rental consultant Dan Kaplan will give the keynote address at the European Rental Association’s (ERA) annual convention in Amsterdam, the Netherlands in June, taking place alongside the International Rental Exhibition (IRE) at the RAI exhibition centre.
Off-Highway Research has opened an office in New Delhi
India has ambitious plans to invest in all manner of infrastructure, from roads and rail to ports and power. However, skills shortages and a variety of other bottlenecks threaten progress. Chris Sleight reports.
Tom Riordan looks at the global equipment markets