Construction Machinery Development Condition
Report predicts that the global construction machinery market growth rate in the next few years is close to the growth rate in 2005-2010, will continue to average annual growth rate of 6.5%.
Equipment sales in North America, Western Europe and Eastern Europe will recover quickly from the 2008-2010 recession. Africa, the Middle East, Asia-Pacific region, Central and South America market growth rate will slow down. 2010-2015, driven by the US market demand recovery is expected to North American market for construction machinery demand will be an annual growth rate of nearly 7%. The Mexican market will also recover quickly from the previous downturn, but growth in the Canadian market is expected to continue to weaken in the coming years, constrained by weak construction activity. Eastern European and Western European construction machinery market is expected to be out of the impact of the financial crisis, re-energized. Construction investment and the expansion of the scale of resource extraction will directly stimulate the market demand for equipment. China, India, Malaysia and Indonesia, the strong growth trend in the market is expected to 2017.