US construction machinery market is still weak in the first half of 2011
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January 31 10:07:57, 2023
According to a survey of some equipment manufacturers and government officials in the US Roads & Bridges/Construction Equipment magazine, 51% of respondents believe that US business can only break even, while 33.5% of respondents said that business will Will be better. However, these figures seem to be more internationally oriented. Dennis Slater, president of the American Equipment Manufacturers Association, said, "Currently, exports seem to be driving the orders of a large number of equipment manufacturers and leasing companies." "But there is no information on which businesses are really improving." ConExpo-Con/Agg2011, the 2011 International Construction Machinery Exhibition held in Vegas, shows that the industry is regaining confidence after its good performance at the end of 2010, but even large companies like Caterpillar and Volvo have attributed their future success to China. And countries like India. More than 48% of the respondents said that the market was sluggish before the exhibition, and 49.8% of the respondents thought that the situation remained after the exhibition. According to the first quarter market survey conducted by the American Road and Transportation Facility Builders Association ARTBA, 56% of US respondents indicated that they expect equipment spending to decrease in the next year, while 47% believe that leasing business will continue to decline . When asked what type of equipment will be purchased in the second half of 2011, respondents indicated that road trucks led by 18.1%, followed by light equipment 17.9%, excavators 17.7%, skid steer loaders 12.9% and attachments 12.8 %. In addition, 46.2% of respondents indicated that they did not purchase anything. Alison Premo Black, vice president and chief economist of the US Highway and Transportation Facilities Builders Association, believes that “expected capital expenditures will also fall.†“The situation is really not optimistic. The special feature of this recession is that the general construction recession has Really impact on traffic construction."