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.
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.
Sales grew last year in spite of Covid and a further improvement is being seen in 2021
Despite the pandemic, more backhoe loaders continue to be sold in India than the rest of the world combined.