Freedonia In The News

Article Title: Forecast expects global demand for construction equipment to reach $189 billion by 2017
By: Wayne Grayson
Publication: Equipment World , 8/13/2013
Freedonia Study: World Construction Machinery (3041)

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Citing growth in Asia, primarily in China, a new forecast expects global demand for construction equipment to rise at a click of 6 percent per year, reaching $189 billion by 2017. The report, put together by market research firm the Freedonia Group, says the Chinese market “will climb at a double-digit annual rate” while the Western European market will see a rebound as contractors replace their older equipment.
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Article Title: Global equipment market to see +6% annual growth
By: Chris Sleight
Publication: International Construction, 8/2/2013
Freedonia Study: World Construction Machinery (3041)

Quote from article
The global construction equipment market will see average annual growth of +6% between 2012 and 2017, according to a new report from market research company The Freedonia Group. This will see the value of the sector rise from US$ 142 billion in 2012 to US$ 189 billion in 2017.
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Article Title: $189 billion demand for machinery by 2017
By:
Publication: Construction Week Online, 9/1/2013
Freedonia Study: World Construction Machinery (3041)

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Global demand for construction machinery is expected to rise 6% per annum to $189bn in 2017, according to an extensive report published by research company The Freedonia Group. The Africa and Middle East region is expected to see the second-biggest growth among the global regions the report covers. At a predicted 5.5%, it is beaten only by the Asia-Pacific region, with its estimated 8.3% growth.
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