While the U.K. construction industry is working to overcome the impending challenges of the nation's expected exit from the European Union, more specific challenges are cropping up for equipment manufacturers in both the EU and UK.
Signaling a major shift in its offerings, Volvo Construction Equipment is moving forward on a plan to convert to full electric power on its compact machines by 2020.
The crowds swelled through the gates of World of Concrete in Las Vegas, and equipment manufacturers were eager to sell through their stock as a strong construction market hits its stride.
Surpassing even the most optimistic expectations of industry observers, sales of construction equipment are on pace to record double-digit growth for 2018, providing welcome momentum in the face of looming uncertainties about the market’s long-term prospects.