Equipment sales grow +8%

15 April 2008

Construction equipment sales in China, Europe, Japan and the US gre +8% in 2006 to a record 664525 units, according to the latest report from Off-Highway Research. Demand is expected to fall some -1.5% this year, due mainly to a downturn in the US.

China was the most buoyant major equipment market in the world last year, with sales rising +22% in unit terms to 181062 machines. O?-Highway Research expects growth to continue in this year, albeit at a lower rate of +7%. However, the economic forecasting company says this is the only major market that will see growth next year.

Following a +14% increase in sales to 187353 machines in 2006, the European construction equipment market is expected to drop -1% to 185830. Similarly, the Japanese market is forecast for a -3% decline this year, following a rise of +11% in 2006 to 73630 units.

In contrast to these gentle declines, the recession in the US equipment market is expected to deepen this year. Sales fell -5% to 222480 units in 2006 and Off-Highway Research expects a further fall of -8% this year. But at 203650 machines, North America will remain the world's largest equipment market in 2007.

Overall the global market is expected to fall -1.5% this year from its record of 664525 machines sold in 2006 to 654865 units.

For more information visit: www.offhighway.co.uk

Latest News
CECE presents position paper on decarbonisation
Animation lays out trade body’s plans for ensuring a level playing field for European OEMs
Caterpillar to show more than 30 machines at ConExpo
Caterpillar will show off more than 30 machines at ConExpo in Las Vegas in what it claims is its largest exhibit to date.
Equipment rental company offers €2,000 loans to struggling employees
Minimum-interest loan among many welfare incentives to help ‘precious collaborators’