Construction machinery market optimistic in Europe and India
Aug 08, 2016 – The European and Indian construction machinery markets have shown growth this year, while other regions have seen a slow-down, according to Germany’s engineering association the VDMA.
Latest research from the Construction Equipment and Building Material Machinery arm of the VDMA suggests that the machinery sector has grown in regions including France, Germany and India.
The Middle East and North America, on the other hand, have registered drops in machinery sales, in addition to the weak markets of Latin America, Africa and parts of Asia.
After five years of recession, China still hasn’t recovered from a loss of an accumulated 80% of its volume, says the report.
The research also anticipates a drop in the global construction machinery sales due to regional developments, even though German manufacturers are set to register a slight turnover increase of 3%.
Johann Sailer, VDMA chairman, said: “This is primarily due to the strong European market.”
However, growth might not be equal for all manufacturers, added Sailer: “Depending on where a company’s focuses lie individual results could still be on the negative side.”
Source :- http://www.worldconstructionnetwork.com/news/construction-machinery-market-optimistic-in-europe-and-india/