Having reached an extraordinary peak of almost 55,000 mobile cranes sold in China in 2020, demand for these machines is continuing to cool as the economy slows.
Rather than enjoying modest growth this year, construction equipment sales in India are expected to remain level with 2021.
Off-Highway Research contributed views and data to a broad, multi-industry article in The Economist on the relationship between multi-national companies and China.
Click here to read the story (subscription to The Economist required).
The Chinese, Indian & International Database Services, the Global Volume & Value Service and Customer Groups Database Service have been updated with revised forecasts for 2022-2026.
Gert Reichetseder, President and CEO of Wacker Neuson North America will give the keynote address at the Off-Highway Conference in Chicago on 28th September.
Please take part in our survey on supply chain issues and receive a free copy of the forthcoming White Paper, which is being jointly written by Off-Highway Research and Roland Berger.