Analyst predictions this year for the construction-equipment market show signs of optimism, with some seeing a rise in 2016 equipment sales.
“[Our] forecast is for the start of a gradual return to health in the global construction-equipment market in 2016,” says David Phillips, managing director for U.K.-based Off-Highway Research. The firm is forecasting a 3.9% increase in global construction-equipment sales, with a 4% increase in North America alone. Sales in China, which have dropped in the past two years, are expected to level off.