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Construction : Web Exclusive | August 2017 | Source : Equipment India

Global CE market sales to grow 16 per cent in 2017

The global construction equipment (CE) sales are expected to grow 16 per cent this year, according to an Off-Highway Research report. The equipment sales worldwide  are expected to exceed 810,000 units in 2017, with a value of more than $80 billion.

Most major regional equipment markets are expected to see growth this year with key driver being China. Crawler excavator sales have more than doubled in the first half of 2017, compared to the same period last year.
The Indian market remains strong, with 10 per cent sales growth forecast for this year, continuing the momentum of the 36 per cent surge seen in 2016. This will see the market surpass the previous record high of 54,065 machine sales seen in 2011.

In Europe, sales of construction equipment are expected to grow 2 per cent this year to almost 145,000 units. This moderate rise follows an 11 per cent surge in 2016.

The North American market is expected to climb 8 per cent to over 170,000 units. Similarly, in Japan, a 4 per cent increase in equipment sales is expected.

Over the longer term, Off-Highway Research expects global construction equipment sales to rise to close to 900,000 units by 2021, with a value of more than $90 billion in today’s terms.

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