Equipment Manufacturers Expect Some Growth in 2010

The percentage figures shown above each chart are the industry average forecasts for sales in the particular product categories. For reference purposes, the bars in the graphs represent the individual company predictions for industry sales.
- Photo Courtesy of AEM

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Construction equipment manufacturers expect overall business to improve slightly in 2010 following double-digit expected year-end 2009 declines in the minus-40-percent range for the United States. Stronger overall growth is anticipated for 2011 but not enough to erase severe 2009 business and job losses. Business in 2012 is expected to level off.

“Even with a modest rebound in the next few years, the construction equipment industry will still be down by double digits, and there will still be double-digit industry unemployment,” stated AEM President Dennis Slater. “This is not surprising given continued instability in the housing market and no long-term commitment to America’s roads, rail, airports, water distribution and ports to move people and goods efficiently and safely, and to compete effectively in the global marketplace.”

United States’ construction machinery business was predicted to end 2009 with a 43-percent overall drop, increase 5 percent in 2010, gain 15 percent in 2011 and 14 percent in 2012. ?EUR??,,????'?????<