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Infrastructure investment to drive Sri Lankan equipment market

Following a three month research programme, which included personal interviews with all the key dealers in the country, Off-Highway Research has published a new 200 page Multi-Client Study, The Construction Equipment Industry in Sri Lanka.

The report provides in-depth insight into the market for 16 types of off-highway equipment in Sri Lanka, including agricultural tractors and construction machinery. It is the first time Off-Highway Research has published a study on Sri Lanka, and the report offers a unique insight into the market.

Following the cessation of 30 years of internal conflict in 2009, the Sri Lankan economy has shown improved stability and growth prospects.  A programme of infrastructure investment saw the construction equipment market peak at 1,170 machines in 2011, and a further 6,642 agricultural tractors were sold that year. Following a slump in 2013, sales rebounded to 942 pieces of construction equipment sold last year, with crawler excavators, backhoe loaders and compaction equipment being the leading volume markets. A growing economy should push sales levels significantly higher over the next five years. Compaction equipment sales are expected to double by 2020, for example, while hydraulic excavator sales are expected to climb to 345 units in 2020, compared to 245 this year.

In addition to a historical market perspective, this in-depth 200-page report provides forecasts by equipment type to 2020, and looks in detail at the economic drivers behind the expected medium-term growth in sales.

Click here to download a brochure and order form.

Click here to view the Contents page of the report.

Click here to buy the report online.

Click here to see a sample of an Off-Highway Research Multi-Client Study.



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