Industry news

Prospects are bright for the rest of the decade with demand for commodities and the need for infrastructure expected to continue to sustain the most important construction equipment market in the ASEAN region.

Off-Highway Research has published a report on the telescopic handler industry in China for the first time. Although the domestic market is small, production has grown steeply for several years.

After the high of 2022, the Colombian construction equipment market is going through a downcycle, with sales expected to bottom-out in 2025.

After two years of sharply falling sales the Chinese excavator market is expected to bottom out this year before growing again in 2025. However, it will be a gradual return to growth, which could have implications for the structure and function of the market.

Sales of compaction equipment in India could reach a 10-year high by the end of the decade thanks to continued investment in road building. However, there are short term obstacles to negotiate.

Our report on the construction equipment industry in Indonesia will be published in September. Heightened mining activity has taken the market to record levels over the last two years, while the need for infrastructure should support demand in the years to come.

Clients can now access a comprehensive range of Equipment Analyses and Company Profiles alongside our Annual Reviews and monthly Market Reports.

An in-depth report on the construction Industry in Peru will be published in our South American portfolio in June. It will also be available to buy as a stand-alone Special Report.

Demand for wheeled loaders in China is not likely to improve significantly until the second half of this decade. However, the market weakness is not stopping fast adoption of electric machines.