Construction in the U.S. and Europe is showing signs of recovery, while China and other emerging markets are slowing down. Offering a snapshot of the resulting shift in equipment demand is Bauma, the triennial construction megaexpo said to be the world’s largest trade show, where more than 500,000 construction professionals, suppliers and vendors will descend on Munich on April 11-17. Messe München, the organizer of the show, expects almost 3,400 exhibitors from more than 50 countries. The show will encompass over 6.5 million sq ft of the Messe München exhibition center.
With financial turmoil in China and low oil prices dragging down the Russian economy, the new markets for construction equipment that looked secure only a few years ago are now a bit less attractive.