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Multi-Client Studies from Off-Highway Research
04/01/2018

The range of reports available from Off-Highway Research includes four Multi-Client Studies published in late 2017. They cover the construction equipment industries in Poland and South Korea, the global hydraulic excavator industry and the Chinese powered access sector.

Construction equipment sales in South Korea exceeded 12,000 units in 2017, with a similar number of agricultural tractors sold. This makes South Korea one of the ten largest construction equipment markets in the world and the third largest in east Asia.

Meanwhile, sales of construction equipment in Poland are expected to rise 30 per cent over the next 3-5 years, levelling-off at almost 5,000 units per year from 2019-2021. One of the report’s key findings is that the Polish market is showing signs of maturity. Sales were previously dominated by backhoe loaders, but this type of equipment is now out-sold two-to-one by mini excavators.

Worldwide crawler, mini and wheeled excavator demand hit a low in 2016, but this still saw more than 370,000 machines sold, with a retail value of nearly US$36 billion. There was a jump of some 24 per cent in sales last year, thanks to the strength of key Asian markets. Growth in the following four years will be more measured, but the market is expected to reach more than 500,000 units per year by 2021, with a value of nearly US$49 billion in today’s terms.

Finally, the Chinese market for powered access equipment more than doubled in size between 2014 and 2016, and will go on to double again by 2020. The continued development of rental in China, and the replacement of platforms which have been bought in recent years is expected to take demand to 40,000 units in 2021. This is expected to see the active population of platforms rise to more than 100,000 units.

Off-Highway Research’s Multi-Client Studies offer unrivalled insights, helping businesses to expand into growth markets and plan their investments based on the most rigorous and highly respected research and forecasts available in the industry.

Click here for more information on our study on Poland

Click here for more information on our study on South Korea

Click here for more information on our Global Hydraulic Excavators study

Click here for more information on our study on the Powered Access Industry in China

For further information, please contact mail@offhighway.co.uk

 
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