Construction Equipment Manufacturers See Growth

The Association of Equipment Manufacturers (AEM), in a report issued just prior to Christmas, predicted that construction machinery manufacturers will close out 2010 with 8% growth. Construction machinery is expected to build on that growth in each of the following years, with gains in the 14% range through 2013.

“While this rebound is welcome, you have to remember our industry [construction machinery manufacturers] was down 30%-50% in the recession. Although business is improving, it will take years to recover the sales losses of 2008-2009,” stated AEM President Dennis Slater. ◆