Worldwide construction equipment sales are expected to increase 12 per cent this year, following on from the 27 per cent rise seen in 2017. This will take total sales to almost 1 million units in 2018.
Off-Highway Research has completed the mid-year updates of its Chinese, Indian and International Database Services, and Global Volume & Value/Global Volume & Value PLUS Services.
Updated forecast points to 3 per cent growth in 2018 following last year’s dramatic surge in demand.
The new Global Volume & Value Service PLUS is a powerful market-sizing tool, covering 16 products and 19 major countries, plus the rest of the world. It goes further than the standard Global Volume & Value Service by breaking data down by up to six size classes per product type in each of the 19 individual countries covered. This provides 524 data points per year, compared to 224 in the standard Service.
Such a rich pool of information is of particular interest to clients who require a deeper and more detailed knowledge of international markets.