Global construction equipment production to be 4 per cent down
The global construction equipment industry is expected to lose production of 43,000 machines this year after factory closures and national lockdowns around the world, according to Off-Highway Research. This is equivalent to 4 per cent of last year?s total output of 1.07 million machines.
At present, major impacts of closures are being felt in France, Germany, Italy and the UK, Europe?s largest equipment producing countries. However, Off-Highway Research also highlights the experience of China, where the industry is now trying to make up for lost time. According to Off-Highway Research, factory closures and lockdowns in China cost the industry 6 per cent of its production.
A-303, Navbharat
Estates,
Zakaria Bunder Road,
Sewri (West), Mumbai - 400 015,
Maharashtra, India
+91-22-24193000
Subscriber@ASAPPinfoGlobal.com