On a monthly basis, our economic update gives a brief overview of the ecomomic situation of the construction equipment and building material machinery industry, e.g. order income, turnover, business climate and trade figures.
Did you know that we provide forecasts for the construction sector in European countries to you? Members can receive Euroconstruct data which are updated twice a year. This service is available for subscription by email.
The European construction equipment sector saw sound growth of 10% in 2016. Building construction equipment experienced better demand than the civil engineering equipment sub-sectors. Overall, the market is at its highest level in five years, but still considerably below the pre-crisis record levels.
The Indian construction machinery market will shrink by 20% in 2019 and recover only slowly in 2020. The Excon trade fair sets an exclamation mark in a difficult market environment. German manufacturers stay on the ball and are optimistic about the near and medium future.
Recent boom in the world's largest construction machinery market comes to an end after three years. The market is maturing, energy-efficient and environmentally friendly solutions are more in demand than ever. The introduction of the China IV emissions standard continues to be fraught with question marks.
VDMA members discuss industry prospects at the India Management Meeting. Following a new mandate for Modi government, companies expect strong growth in the construction industry. Infrastructure investments stimulate demand for machinery on a sustained basis. Exports of construction machinery and equipment from India are on the rise.
Local market sees a strong start into 2019, export growth is meanwhile restrained. Enforcement of customer payment terms remains a great challenge. German manufacturers recorded a robust development. Introduction of Stage IV emission standards is not expected to shake the market strongly.
Chinese construction equipment market posts brisk recovery in 2017 which is expected to last this year. Western manufacturers are also to profit from China’s Belt and Road Initiative. Introduction of China Stage IV exhaust emission levels are already casting a shadow.
German building material plant manufacturers in China need to lay the groundwork today to ensure that they can also compete in the market after 2020. After this date, Chinese industrial policy will bring about fundamental change, said China expert Björn Conrad, Sinolytics, at the VDMA Building Material Plants Day in Frankfurt on March 7. Well-prepared companies can profit from this trend. Here is a summary of his talk.
The new quarterly report provided by our VDMA China office is available for download. This publication highlights current topics for the construction equipment and building material machinery industry and its customer sectors in China.
The Japan Construction Report is provided by the VDMA team in Tokyo. It contains news of the construction, glass and ceramics industry of Japan and is published monthly in German. The most recent report can be downloaded from this website.
Recent market information from the Indian construction and construction equipment industry are summarized in the bi-monthly report made by the VDMA team in Kolkata. The latest issue may be downloaded from this website.
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