Related Links: Manufacturers Are More Upbeat About Sales But Don�t Expect Full Turnaround Until 2012 Construction equipment producers are expected to boost sales by 6.4% this year after steep declines of 30% to 50% last year. “While this rebound is welcome … there is a long way to go,” says Dennis Slater, president of the Milwaukee-based Association of Equipment Manufacturers. AEM upped its previous 2010 forecast of 5% in its latest member survey. The U.S. trucking-and-hauling category is expected to make the largest 2010 gains, at 26.8%, while cranes and lifting is predicted to have the worst results—an 11.5% decline.
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.