Global construction equipment sales to fall around 16%

摘要

The Covid-19 pandemic will see sales of construction equipment fall in almost every country of the world this year, with global sales of construction equipment expected to be down 16%, but the picture would be much worse were it not for China, reports market research company Off-Highway Research. Stimulus spending in China will lift the market by an expected 14% to take sales in China to their highest since the previous stimulus boom in 2010-2011. Off-Highway Research managing director, Chris Sleight, said/The Chinese market has seen remarkable growth since April and this will certainly cushion the blow as far as the global industry is concerned. We are forecasting a soft landing in 2021, but we are also mindful of the long and painful recession which followed the 2010-11 boom."