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Article: Heavy Construction Equipment: Vitality in an "Old Economy" Sector.
- Article from:
- Business Economics
- Article date:
- July 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 The National Association for Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The world demand for heavy construction equipment is projected to increase by 5.9 percent per year through 2003, almost identical to the 1993-1998 rate and exceeding the rate projected four years earlier. Continued healthy growth is attributed in part to the recovery from recession in several Asian countries. Solid growth is also expected in Latin America and Africa. A minor, cyclical slowdown, however, in the mature markets of North America and Western Europe is likely. The industry is not as heavily concentrated as before, but acquisitions are still ongoing and strategic partnerships are on the rise. Competition is keen, and price increases tend to be modest. Equipment ...
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Article: Global heavy construction equipment demand ...
Research Studies - Freedonia Group;
October 18, 2001 ;
700+ words
... ... Worldwide demand for heavy construction equipment is projected to rise ... are presented in World Heavy Construction Equipment, a new study from The ... financial crisis. World Heavy Construction Equipment (published 10/2001 ...
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