Global construction equipment sales hit an all-time high of 1.12 million units in 2018, with a retail value of some US$110 billion. This eclipsed the most recent highs of 2011 – the peak of the Chinese stimulus spending boom – and 2007.
Continuing the trend seen in 2017, there was a widespread improvement in equipment sales around the world last year, with increases in North America, Europe and emerging Asia, including both China and India.
While 2018 is likely to represent the peak in the current cycle, Off-Highway Research forecasts only a moderate decline in global demand this year. Sales are expected to remain above 1 million units, which would be only the fourth year in history this has been achieved.
The outlook for the following years is for demand to stay at good levels. However, this bright outlook could of course be threatened by negative and unexpected political and economic events.
The reasons for this remarkable growth and the implications for demand in the coming years are discussed in detail in a new 20-page White Paper from Off-Highway Research.
Global Construction Equipment Markets is designed to give a brief and easily digestible overview of the market size and growth worldwide.
It provides data on the size of the global equipment market, highlighting the size of the key regions of China, India, Japan, North America and Western Europe. It also includes a five-year forecast and a breakdown of the global market in terms of both unit sales and the US Dollar values by equipment type.
As with all Off-Highway Research’s reports, the PDF file includes an embedded Excel file containing all of the company’s data included in the study.
The White Paper is normally only available to Off-Highway Research clients. However, it is being made available for a limited time to visitors to www.khl.com following the completion of a simple on-line form.
Off-Highway Research is a management consultancy specialising in the research and analysis of international construction, and agricultural equipment markets. This specialist capability, offered by offices in the UK, China, Germany, India, Japan and the USA is available through a combination of reports, databases and bespoke research. For more information, visit www.offhighwayresearch.com
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