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.
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.