Sales of ride on compaction equipment enjoyed a second successive year of sharp growth in 2017, with sales rising 23 per cent to 4,765 units. This took the market to twice the size it was as recently as 2014
Sales of rough terrain lift trucks in France grew almost 9 per cent last year to take demand to 7,680 machines.
A total of 2,335 asphalt finishers were sold in China last year, a 24 per cent increase on sales levels in 2016. The market is dominated by crawler machines, which made up 93 per cent of the market last year.
Off-Highway Research will exhibit at Intermat in Paris from 23rd-28th April on Stand EF024, Hall 6, as part of the UK Pavilion. It will use the event to present updated forecasts on the global construction equipment industry and launch new market intelligence products.
Off-Highway Research chairman David Phillips was one of the inaugural inductees to the UK Construction Equipment Association's (CEA's) Hall of Fame, at a celebration dinner following the association's annual general meeting & conference in London on 22nd March.
The Annual Reviews from Off-Highway Research's Chinese, European and Indian Services and corresponding Database Services are now available to download. They are also available for non-subscribers to buy as stand-alone reports.
Construction equipment sales in India grew 17 per cent last year, building on the 36 per cent surge in sales seen in 2016. This took the market to 78,109 unit sales last year, a new record for India. This robust performance is expected to continue over the medium term, with sales forecast to exceed 100,000 units by 2022.
Latest data now available through Off-Highway Research's online database, as well as in traditional formats.
Global construction equipment sales rose 28 per cent last year to almost 894,000 units, according to Off-Highway Research. This was the highest the market has been since 2012, and was a marked turnaround form 2015 and 2016 when worldwide equipment sales bottomed-out at 702,000 units.
Construction equipment sales in China grew by a remarkable 81 per cent last year, signalling the end of a painful five-year recession.