Oct 7 2009
Reportlinker.com announces that a new market research report is available in its catalogue.
Global demand to rise over 5% per year through 2013
Worldwide demand for construction machinery is projected to rise 5.3 percent per year through 2013 to $140 billion. Product sales will be stimulated by increases in nonbuilding, nonresidential building and residential building construction spending. The adoption of more stringent emissions standards for off-road engines in Canada, the US and the European Union will make construction equipment more expensive in those areas, adding to the value of the global market.
Developing countries in Asia/Pacific region to see best growth opportunities
The construction machinery market in the Asia/Pacific region will experience the most intense growth during the 2008- 2013 period. A number of regional countries are expected to post large gains, including India, China, Indonesia and South Korea. China alone will account for one-third of all new global product demand between 2008 and 2013. North America is forecast to be the second fastest growing market through 2013. In the US (where demand will advance from a weak 2008 base), sales of construction equipment will be fueled by a surge in residential construction activity. Mexico and Canada will also makes sizable contributions to advances in regional demand. The Africa/Mideast region, Latin America, Eastern Europe and Western Europe will see below-average growth from 2008 to 2013, as construction expenditures in these areas increase at a much slower pace than during the previous five-year period. The Asia/Pacific region, Western Europe and North America are the top producers of construction machinery, accounting for more than nine-tenths of global output in 2008. The largest manufacturers in these areas are the US, China, Japan, Germany, the UK, Italy, South Korea and France, each with 2008 industry shipments of more than $3 billion. India, Belgium, Canada, the Netherlands and Austria are also notable manufacturers, each shipping over $1 billion of machinery that year. Important producers in other regions include Brazil (with industry output of more than $2 billion) and Russia (with industry output of over $1 billion).
Mixers, pavers and loaders to post strongest growth
Mixers, pavers and related equipment will be the fastest growing product segment in the construction equipment market between 2008 and 2013. Ongoing infrastructure development efforts in industrializing countries will continue to cultivate demand. Loaders, which are extremely versatile, will also post above average gains during this period, as global nonbuilding construction and mining activity expand. The Asia/Pacific region will be responsible for more then half of all new loader demand.
Study coverage
This new industry study, World Construction Machinery, is presents historical demand data (1998, 2003 and 2008) plus forecasts for 2013 and 2018 by product in six regions and 32 countries. The study also assesses market environment factors, details market share and profiles 38 industry players.
Source: http://www.reportlinker.com/