Subscribers to Off-Highway Research’s Chinese, European and Indian Services can now download our latest Market Reports, Equipment Analyses, Country Analyses and Company Profiles.
Off-Highway Research managing director Chris Sleight is one of the guests on CECE's new podcast, talking about the outlook for the global industry. Chris will give a full presentation on this as part of the forthcoming CECE Summit on 21st October.
The disruption of the 2019 general election and the impact of the Covid pandemic have seen sales of compaction equipment in India fall away from the high seen in 2018. But the country’s ambitions road building programme should see this peaked matched by 2023.
Hydraulic excavator demand in China hit an unprecedented high last year while the first few months of 2021 also saw some staggering sales figures. More sustainable levels have been seen in recent months, signalling the start of a slowdown.
Although badly affected by the pandemic in 2020, sales of dump trucks in France are now improving thanks to replacement purchases and a rise in construction activity.
Global construction equipment sales are expected to hit a record high of 1.13 million units, with a value of almost US$110 billion this year, according to updated forecasts from specialist consultant Off-Highway Research.
The Chinese, Indian & International Database Services and Global Volume & Value Service have been updated with revised forecasts for 2021-2025.
Once the temporary barriers to growth are overcome, demand from the infrastructure segment should drive sales higher after two years of falling sales.
International recruitment consultant Lawsons has signed-up as a supporting sponsor for Off-Highway Research’s Global Off-Highway Briefing, which takes place on 28th September.
Off-Highway Research Managing Director Chris Sleight was among a number of industry figures interviewed in a lengthy discussion piece on the issues of component shortages, shipping capacity and long machine lead times which are afflicting the industry.