Ripple effect: according to the Association of Equipment Manufacturers’ report, construction equipment manufacturers forecast…
The construction equipment manufacturing industry expects overall U.S. and Canadian business to remain flat through the end of 2007 but rebound in 2008, while sales to worldwide markets should continue strong through 2007 and into the next year, according to the annual forecast of the Association of Equipment Manufacturers (AEM).
AEM is the North-American based international trade group representing
the off-road equipment manufacturing industry. Each year it surveys its construction equipment manufacturer members about expected sales of the machines that build, repair and maintain America’s and the world’s roads, bridges, dams, houses, offices, schools and other public and private infrastructure.
In the latest AEM outlook survey, overall construction equipment demand by year-end 2007 is predicted to decline 1.9 percent in the United States and remain fiat in Canada at minus 0.1 percent, while worldwide business is anticipated to increase 9.9 percent.
In 2008, growth is expected in the United States, Canada and worldwide, with the biggest gains in global markets–an increase of 2.8 percent for the United States and 2.9 percent for Canada, and growth in worldwide markets of 8 percent.