A new Freedonia Group analysis predicts above average growth for the mature North American construction machinery market through 2025, as local economies (i.e., the US, Canada, and Mexico) continue to recover from economic losses incurred in 2020 due to the COVID-19 pandemic.

Technology innovation will fuel global construction machinery market gains through 2025.

Structural floors and foundations will register the largest increases in volume terms, boosted by the intensive use of I-joists and LVLs in floor joists and other flooring supports.

Global demand for construction machinery is forecast to grow 4.1% per year to $250 billion 2025. Outside of China – which had an elevated level of 2020 product sales – annual growth will be noticeably faster (5.3%).

Holcim, a leading global producer of cement, ready-mix concrete, and other building materials, announced recently that it planned to acquire Malarkey Building Products.

Gains for reactive products will be supported by solid growth in construction activity and motor vehicle production, markets where the superior performance properties of reactive products are preferred and sealing is becoming more important.

Leading adhesives and sealants producers are increasing their focus on developing products that will reduce the carbon footprint of their own production activities as well as those of their end users.

While asphalt shingles will continue to account for the largest share of US roofing demand through 2025, a new Freedonia Group analysis projects that metal products – particularly standing seam metal roofing – will post above average demand growth.

Expanding manufacturing output will fuel sales gains across a number of major markets in the region, boosting adhesives and sealants use in packaging, tapes and labels, motor vehicles, electronics, and footwear, among other applications.

A new Freedonia Group analysis projects demand for spice, dry mix, and extract packaging to grow 2.4% annually to $1.1 billion in 2025 from a high base in 2020.