Construction machinery suppliers have posted a robust second quarter fueled by infrastructure and mining activity in Asia and Latin America. Meanwhile, rental companies and contractors in North America have been replacing aging and obsolete fleets for a small but significant uptick in domestic sales revenue.
“Global business demand helped many equipment manufacturers get through the recession,” says Dennis Slater, president of the Association of Equipment Manufacturers, a Milwaukee-based industry trade group. “They still rely on export sales, especially to emerging markets, for improved business results.”