Sales of mobile cranes in China grew 132 per cent last year. Demand continues to increase, with a market peak above 31,000 machine sales expected in 2019.
The current buoyancy in the worldwide market for wheeled loaders is expected to be sustained over the coming years. While unit sales will decline slightly, the worth of the sector will continue to climb, thanks to growth in high value markets.
Increased investment in the mining industry has seen equipment sales surge in the largest construction equipment market in Southeast Asia, according to Off-Highway Research’s new Special Report.
Market to rise a further 40 per cent on top of the 125 per cent increase seen in 2017.
Worldwide construction equipment sales are expected to increase 12 per cent this year, following on from the 27 per cent rise seen in 2017. This will take total sales to almost 1 million units in 2018.
Off-Highway Research has completed the mid-year updates of its Chinese, Indian and International Database Services, and Global Volume & Value/Global Volume & Value PLUS Services.
Updated forecast points to 3 per cent growth in 2018 following last year’s dramatic surge in demand.
After a remarkable 81 per cent surge last year, sales of construction equipment in China are set to grow another 30 per cent in 2018.
The Indian construction equipment market is set to enjoy a third year in a row of robust growth in 2018, to take sales to an all-time high.
Demand for mini excavators in Germany has been its highest ever for the last two years, exceeding both the pre-crisis highs of the mid-2000s and the reunification boom of the early 1990s.