Abstract
Global demand to rise 6% annually through 2011
Global demand for construction machinery is forecast to climb six percent per year to $130 billion in 2011. Product sales will be fueled by healthy economic growth, ongoing industrialization efforts, rising populations and higher standards of living in developing parts of the world, leading to substantial increases in construction spending. Mining production in mineral-rich developing countries will also expand as global economic conditions continue to improve, supporting overall construction equipment market gains.
China, India, Mexico, Russia see largest sales increases
China, India, Mexico and Russia will register some of the largest sales increases, with China alone accounting for 31 percent of all additional construction machinery demand through 2011. Growth is also expected to be strong in lowervolume markets such as Iran, Malaysia, Indonesia, Ukraine, Turkey, Poland and South Africa. Although advances will be less robust than in developing nations, construction equipment sales in developed countries will rise as well. Product demand will be stimulated by generally favorable economic climates and further increases in construction activity in these areas. More stringent off-road diesel engine emission standards will also make new machinery more expensive and contribute to value gains through 2011. However, new housing starts are expected to decline in the US and Japan, dampening increases in construction equipment demand in these nations.
Study coverage
It presents historical demand data for the years 1996, 2001 and 2006 plus forecasts for 2011 and 2016 by product, world region and for 34 countries. The study also considers market environment factors, evaluates company market shares and profiles 35 construction equipment manufacturers worldwide, including Caterpillar, the CNH Global subsidiary of Fiat, Deere, Hitachi and Komatsu.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- World Economic Overview
- Recent Economic Performance
- World Economic Outlook
- World Population Overview
- Population
- Urban Population
- World Construction Outlook
- Nonbuilding
- Residential Building
- Nonresidential Building
- Pricing Patterns
- Technology Trends
- Used Machinery
- Legal & Regulatory Environment
III. SUPPLY & DEMAND
- General
- Regional Overview
- Demand
- Production
- International Trade
- Demand by Product
- Cranes, Draglines & Excavators
- Loaders
- Off-Highway Trucks & Tractors
- Graders, Rollers & Related Equipment
- Mixers, Pavers & Related Equipment
- Parts & Attachments
- Rental & Leasing Markets
IV. NORTH AMERICA
- General
- Supply & Demand
- United States
- Canada
- Mexico
V. WESTERN EUROPE
- General
- Supply & Demand
- Germany
- France
- United Kingdom
- Italy
- Spain
- Netherlands
- Austria
- Belgium
- Other Western Europe
- Switzerland
- Sweden
- Finland
- All Other
VI. ASIA/PACIFIC
- General
- Supply & Demand
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Taiwan
- Other Asia/Pacific
- Thailand
- Malaysia
- All Other
VII. OTHER REGIONS
- Latin America
- Brazil
- Chile
- Other Latin America
- Argentina
- Colombia
- All Other
- Eastern Europe
- Russia
- Poland
- Other Eastern Europe
- Ukraine
- Czech Republic
- All Other
- Africa/Mideast
- Turkey
- Other Africa/Mideast
- Iran
- South Africa
- All Other
VIII. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Caterpillar
- Komatsu
- Volvo
- Hitachi
- Liebherr-International
- Deere
- Terex
- Other Leading Suppliers
- Product Development & Manufacturing
- Marketing & Distribution
- Cooperative Agreements
- Financial Requirements
- Mergers & Acquisitions
- Company Profiles
- American Augers, see Astec Industries
- Asia Trak Tianjin, see Caterpillar
- Astec Industries Incorporated
- ASV, see Caterpillar
- Atlas Copco AB
- Bell Equipment, see Deere
- Bharat Earth Movers Limited
- Bobcat, see Doosan Infracore
- BOMAG, see Groupe Fayat
- Carlson Paving Products, see Astec Industries
- Caterpillar Incorporated
- Caterpillar Xuzhou, see Caterpillar and Xuzhou Construction Machinery Group
- Changsha Zoomlion Heavy Industry Science & Technology Development Company Limited
- Chelyabinsk Tractor Plant-Uraltrac Limited
- Chicago Pneumatic Industrial, see Atlas Copco
- CNH Global, see Fiat
- Concern Tractor Plants
- Deere-Hitachi Construction Machinery, see Deere and Hitachi
- Deere & Company
- Doosan Infracore Company Limited
- Dynapac, see Atlas Copco
- Fiat SpA
- Gehl Company
- GOMACO Corporation
- Groupe Fayat
- Guangxi Liugong Machinery Company Limited
- Herrenknecht AG
- Hitachi Limited
- Hitachi Sumitomo Heavy Industries Construction
- Crane, see Hitachi and Sumitomo Heavy Industries
- Hyundai Heavy Industries Company Limited
- Ingersoll-Rand Company Limited
- Iowa Mold Tooling, see Oshkosh Truck
- JCB Limited
- JLG Industries, see Oshkosh Truck
- Kobe Steel Limited
- Kobelco Construction Machinery, see Fiat and Kobe Steel
- Komatsu Limited
- Kubota Corporation
- Kurganmashzavod, see Concern Tractor Plants
- L&T-Case Equipment, see Fiat
- Liebherr-International AG
- Link-Belt Construction Equipment, see Sumitomo Heavy Industries
- London Machinery, see Oshkosh Truck
- Manitowoc Company Incorporated
- MARINI, see Groupe Fayat
- McNeilus, see Oshkosh Truck
- Mitsubishi Heavy Industries Limited
- New Holland Kobelco Construction Machinery, see Fiat, Kobe Steel and Sumitomo Heavy Industries
- Oshkosh Truck Corporation
- PALFINGER AG
- Promtractor, see Concern Tractor Plants
- ReGen Technologies, see Deere
- Roadtec, see Astec Industries
- SANY Heavy Industry Company Limited
- SCHWING GmbH
- Shandong Lingong Construction Machinery, see Volvo
- Shin Caterpillar Mitsubishi, see Caterpillar and Mitsubishi Heavy Industries
- Shirke Construction Equipments, see Manitowoc
- Sichuan Changjiang Engineering Crane, see Terex
- Sumitomo Heavy Industries Limited
- Tadano Limited
- Tata Group
- Telco Construction Equipment, see Hitachi and Tata Group
- 10G, see Caterpillar
- Terex Corporation
- Trencor, see Astec Industries
- Vibromax Compaction Equipment, see JCB
- Vietnam-Uraltrac Construction Machinery, see Chelyabinsk Tractor Plant-Uraltrac
- Volvo AB
- Xiamen Engineering Machinery Company Limited
- Xuzhou Construction Machinery Group Company Limited
- Zoomlion Puyuan Group, see Changsha Zoomlion Heavy Industry Science & Technology Development
- Other Companies Mentioned in Study
LIST OF TABLES
SECTION I - EXECUTIVE SUMMARY
- Summary Table
SECTION II - MARKET ENVIRONMENT
- 1 World Gross Domestic Product by Region
- 2 World Population by Region
- 3 World Urban Population by Region
- 4 World Construction Expenditures by Type & by Region
- 5 World Nonbuilding Construction Expenditures by Region
- 6 World Residential Building Construction Expenditures by Region
- 7 World Nonresidential Building Construction Expenditures by Region
- 8 World Construction Machinery Price Indices
SECTION III - SUPPLY & DEMAND
- 1 World Construction Machinery Demand by Region
- 2 World Construction Machinery Shipments by Region
- 3 World Construction Machinery Net Exports by Region
- 4 World Construction Machinery Demand by Product
- 5 World Crane, Dragline & Excavator Demand by Region
- 6 World Loader Demand by Region
- 7 World Off-Highway Truck & Tractor Demand by Region
- 8 World Grader, Roller & Related Equipment Demand by Region
- 9 World Mixer, Paver & Related Equipment Demand by Region
- 10 World Construction Machinery Parts & Attachments Demand by Region
SECTION IV - NORTH AMERICA
- 1 North America - Economic Indicators
- 2 North America - Construction Machinery Supply & Demand
- 3 United States - Economic Indicators
- 4 United States - Construction Machinery Supply & Demand
- 5 Canada - Economic Indicators
- 6 Canada - Construction Machinery Supply & Demand
- 7 Mexico - Economic Indicators
- 8 Mexico - Construction Machinery Supply & Demand
SECTION V - WESTERN EUROPE
- 1 Western Europe - Economic Indicators
- 2 Western Europe - Construction Machinery Supply & Demand
- 3 Germany - Economic Indicators
- 4 Germany - Construction Machinery Supply & Demand
- 5 France - Economic Indicators
- 6 France - Construction Machinery Supply & Demand
- 7 United Kingdom - Economic Indicators
- 8 United Kingdom - Construction Machinery Supply & Demand
- 9 Italy - Economic Indicators
- 10 Italy - Construction Machinery Supply & Demand
- 11 Spain - Economic Indicators
- 12 Spain - Construction Machinery Supply & Demand
- 13 Netherlands - Economic Indicators
- 14 Netherlands - Construction Machinery Supply & Demand
- 15 Austria - Economic Indicators
- 16 Austria - Construction Machinery Supply & Demand
- 17 Belgium - Economic Indicators
- 18 Belgium - Construction Machinery Supply & Demand
- 19 Other Western Europe - Economic Indicators
- 20 Other Western Europe - Construction Machinery Supply & Demand
- 21 Other Western Europe - Construction Machinery Supply & Demand by Country
SECTION VI - ASIA/PACIFIC
- 1 Asia/Pacific - Economic Indicators
- 2 Asia/Pacific - Construction Machinery Supply & Demand
- 3 China - Economic Indicators
- 4 China - Construction Machinery Supply & Demand
- 5 Japan - Economic Indicators
- 6 Japan - Construction Machinery Supply & Demand
- 7 India - Economic Indicators
- 8 India - Construction Machinery Supply & Demand
- 9 South Korea - Economic Indicators
- 10 South Korea - Construction Machinery Supply & Demand
- 11 Australia - Economic Indicators
- 12 Australia - Construction Machinery Supply & Demand
- 13 Indonesia - Economic Indicators
- 14 Indonesia - Construction Machinery Supply & Demand
- 15 Taiwan - Economic Indicators
- 16 Taiwan - Construction Machinery Supply & Demand
- 17 Other Asia/Pacific - Economic Indicators
- 18 Other Asia/Pacific - Construction Machinery Supply & Demand
- 19 Other Asia/Pacific - Construction Machinery Supply & Demand by Country
SECTION VII - OTHER REGIONS
- 1 Latin America - Economic Indicators
- 2 Latin America - Construction Machinery Supply & Demand
- 3 Brazil - Economic Indicators
- 4 Brazil - Construction Machinery Supply & Demand
- 5 Chile - Economic Indicators
- 6 Chile - Construction Machinery Supply & Demand
- 7 Other Latin America - Economic Indicators
- 8 Other Latin America - Construction Machinery Supply & Demand
- 9 Other Latin America - Construction Machinery Supply & Demand by Country
- 10 Eastern Europe - Economic Indicators
- 11 Eastern Europe - Construction Machinery Supply & Demand
- 12 Russia - Economic Indicators
- 13 Russia - Construction Machinery Supply & Demand
- 14 Poland - Economic Indicators
- 15 Poland - Construction Machinery Supply & Demand
- 16 Other Eastern Europe - Economic Indicators
- 17 Other Eastern Europe - Construction Machinery Supply & Demand
- 18 Other Eastern Europe - Construction Machinery Supply & Demand by Country
- 19 Africa/Mideast - Economic Indicators
- 20 Africa/Mideast - Construction Machinery Supply & Demand
- 21 Turkey - Economic Indicators
- 22 Turkey - Construction Machinery Supply & Demand
- 23 Other Africa/Mideast - Economic Indicators
- 24 Other Africa/Mideast - Construction Machinery Supply & Demand
- 25 Other Africa/Mideast - Construction Machinery Supply & Demand by Country
SECTION VIII - INDUSTRY STRUCTURE
- 1 Construction Machinery Sales for Selected Manufacturers, 2006
- 2 Selected Cooperative Agreements
- 3 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II - MARKET ENVIRONMENT
- 1 World Construction Expenditures by Region, 2006
- 2 Relationship Between Per Capita Construction Machinery Demand & Per Capita Construction Expenditures, 2006
- 3 World Construction Machinery Price Indices
SECTION III - SUPPLY & DEMAND
- 1 World Construction Machinery Demand by Region, 2006
- 2 Additional Construction Machinery Demand - 2011 vs. 2006
- 3 World Construction Machinery Demand - Projected 2006-2011 Annual Rate of Growth
- 4 World Construction Machinery Shipments by Region, 2006
- 5 World Construction Machinery Demand by Product, 2006
SECTION VIII - INDUSTRY STRUCTURE
- 1 World Construction Machinery Market Share by Company, 2006
