Stronger Equipment Sales for 2011, But Slower Growth Predicted in 2012
Construction equipment manufacturers anticipate overall business to close out 2011 with double-digit increases over last year in the U.S., Canada and worldwide.
Growth is expected to continue but at a slower pace for 2012 through 2014, according to the annual business outlook survey of the Association of Equipment Manufacturers. AEM is the North American-based international trade group representing the off-road equipment manufacturing industry. Each year the association polls its construction equipment manufacturer members about anticipated sales of the machines and equipment that build and repair roads, bridges, houses, offices, schools and other infrastructure worldwide.