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March 14, 2017

Recovery expected for global construction equipment industry in 2017

Recovery expected for global construction equipment industry in 2017
Global sales of construction equipment are expected to increase seven per cent this year, according to updated forecasts from specialist market intelligence company Off-Highway Research. The number of machines sold in 2017 is expected to reach 695,142 units worldwide, compared to the 650,133 pieces of equipment sold in 2016, which represented the bottom of the industry’s economic cycle.     David Phillips, managing director of Off-Highway Research said, “Sales of construction equipment last year were affected by weak economic growth worldwide and low global prices for many commodities. These factors had a knock ...

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