Construction equipment manufacturers expect overall industry growth to continue through 2006, but at a somewhat slower pace than 2005, with gains predicted across United States, Canadian, and other worldwide markets. This is according to an annual business forecast conducted by the Association of Equipment Manufacturers (AEM).
Each year, the North-American based AEM trade group polls its construction equipment manufacturer members on anticipated industry-wide performance of this multibillion-dollar industry.
In AEM's latest “outlook” report, construction equipment business in the United States is anticipated to close on a strong note for 2005, with increases of 13.9%, followed by 2006 growth of 9.3%. For Canada, construction machinery sales are predicted to gain 13% by year-end 2005 and then increase 8% in 2006. The forecast for other worldwide markets is 8.4% growth for 2005, followed by 2006 gains of 9%.
For more details, access www.aem.org.