Market on the up and up

Global sales of construction equipment (see ‘Notes to editors’) are forecast to grow 3.9 per cent in unit terms in 2016, to 760,508 machines, according to specialist economic forecasting and market research consultant, Off-Highway Research. The expected improvement follows a weak performance in 2015, when global unit sales fell more than 10 per cent from the total of nearly 818,000 machines sold in 2014. In 2016, growth is expected in the European, North American and Indian equipment markets. Off-Highway Research also forecasts a stabilisation in China, where sales of construction…

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