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.
FIEC, the European Construction Industry Federation, has said the region’s construction activity is “going better and better” after a lost decade following the global economic crisis.
Sales of backhoe loaders in India hit their highest for five years in 2017 and an unprecedented 38,000 units are expected to be sold this year.
Despite a surge in sales last year, demand for agricultural tractors is unlikely to improve until 2019
Annual demand for diesel engines in non-road applications is expected to rise from 3.6 million units per year in 2018 to 3.9 million by 2024. By that point, 97 per cent of engines produced are expected to meet Tier 3 or higher emissions standards.
Demand for dump trucks in India has failed to keep pace with the impressive gains in the wider equipment market in recent years. However demand for coal and raw materials is helping to stimulate sales.
Sales of skid-steer loaders in Germany stood at 356 units last year, or less than 1 per cent of the 39,000-unit construction equipment market.
Sales of wheeled loaders in China grew 45 per cent last year to 70,400 units. Although still popular machines, wheeled loaders were out-sold by excavators for the first time in China’s history last year, and conventional products are being challenged by low cost, low quality ‘economical’ loaders in the smaller size classes.
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The biggest tractor market in the world continues to get bigger, with sales forecast to reach 775,000 units by 2022.