December 16, 2011 by Andrew Snook
Construction equipment manufacturers are expected to end 2011 with double-digit growth worldwide, and continued growth through 2014, according to the Association of Equipment Manufacturers’ (AEM) annual business “outlook” survey.
The AEM survey expects the U.S. to have the biggest increase for 2011 at 18.6 per cent.
Canada’s manufactures are expected to show a 14.7 per cent increase this year, keeping pace with the rest of the world, which also showed a projected 14.7 per cent increase for 2011.
The survey also found the construction manufacturing business will continue to grow worldwide through 2014, but at a slower pace.
In Canada, business is expected to increase 9.0 per cent in 2012, 9.8 per cent in 2013 and 7.3 per cent in 2014.
In the U.S., increases of 10.8 per cent in 2012, 9.9 per cent in 2013 and 8.1 per cent in 2014 are expected.
The rest of the world is predicted to have similar growth in the construction equipment-manufacturing sector, with increases of 10.5 per cent in 2012, 9.5 per cent in 2013 and 8.2 per cent in 2014.
Results from the survey will be posted online when available at www.aem.org