A second year of robust growth has re-established China as the largest construction equipment market in the world.
Sales of construction equipment including mobile cranes grew 35 per cent in India last year. It was the third successive year of robust growth, and took the market to a record high of 98,204 units. This level of demand was some 44 per cent above the previous market high, seen in 2011.
More than 6,000 data points have been added or updated across our system, including final sales and production figures for 2018 and forecasts to 2023.
Construction equipment sales in Europe last year hit their highest level for a decade, according to Off-Highway Research’s newly updated International Database Service. Sales rose 10 per cent to 177,694 units.
Off-Highway Research will present its latest data and updated forecasts on global and regional construction equipment markets at a special event on Tuesday 9th April at the Bauma exhibition in Munich.
Our latest Market Reports, Company Profiles and Equipment Analyses are now available to download. Read the story to see what’s new in March.
Almost no mini excavators were sold in India a decade ago, but this type of equipment is now established and showing good growth prospects.
Huge interest in this high-growth segment will see Off-Highway Research update its bestselling report from two years ago.
Find us on stand 426J in Hall B5 at the Munich exhibition, which runs from 8th-14th April
Our latest Market Reports are now available to download. Read the story to see what’s new in February.