AEM predicts optimistic outlook

A new report from the US-based Association of Equipment Manufacturers (AEM) predicts a slight increase in machine sales until 2013.
February 23, 2012 Read time: 2 mins
A new report from the US-based 1100 Association of Equipment Manufacturers (AEM) predicts a slight increase in machine sales until 2013. The AEM's construction equipment business outlook says that machinery manufacturers predict overall business in the US to close out 2010 with 6.4%, then gain 12.7% in 2011 and 14.8% in 2012, followed by 2013 growth of 13%. Meanwhile Canadian business overall is expected to be 8.2% higher in 2010 than the previous year, and record gains of 12% in 2011, 14.8% in 2012 and 12.7% in 2013. Overseas sales are also expected to show good performance, up by 14.7% for 2010 and then growing 11.8% in 2011, 12.5% in 2012 and 11.2% in 2013. "While this rebound is welcome, you have to remember our industry was down 30-50% in the recession, so there is a long way to go. Although business is improving, it will take years to recover the sales losses of 2008-2009," said AEM president Dennis Slater. He continued, "This hopeful outlook will be difficult to achieve without action now on transportation infrastructure legislation and export-promotion policies. Infrastructure investment and export agreements are proven ways to create and maintain jobs for US workers, for a sustainable recovery and meaningful uptick in equipment demand." "Export sales have helped many US manufacturers keep their doors open, and able to provide American jobs and support American communities. Eliminating trade barriers that prevent American manufacturers from selling their products in new markets is vital for a healthy and growing economy," Slater said. "The recent US-Korea export-promotion agreement is an encouraging sign, and we urge Congress to take swift action to enact this policy as well as pass the export-promotion agreements still pending with Colombia and Panama," he added.

For more information on companies in this article

Related Content

  • Australia responds to infrastructure funding challenge
    July 13, 2012
    The Global Financial Crisis (GFC) has drastically changed the way governments and the private sector is prepared to procure vital infrastructure projects, says Philip Davies Governments have responded to the GFC by focusing on long term investment in transport infrastructure and shorter term stimulus packages to kick-start economies. As these projects proceed, the focus will shift to maintaining and achieving maximum benefits from assets and future infrastructure funding. The Public Private Partnership (PP
    Read More
  • Quarry operators improve on productivity
    February 13, 2012
    With capital expenditure plans being reduced, many quarry operators are using the funds available to improve on productivity with their existing equipment fleets. Claire Symes reports. The economic downturn has had a big impact on the aggregates production sector with many quarry operators looking to reduce costs and rationalise operations. The impact of this can be seen in the reduction of capital expenditure plans but the investments that are being made are focused on efficiency.
    Read More
  • Construction equipment demand in China continues to grow
    June 18, 2012
    Demand for construction machinery in China is expected to rise 6.2%/year to 387 billion yuan in 2015. This will be supported by continuing increases in construction spending, especially in infrastructure development. The data comes from a report by US-based research firm Freedonia Group. According to the report, growth in construction activity will be driven by continuing industrialisation but will be more moderate than in the 2005-2010 period. This will impact overall construction expenditures, which are e
    Read More
  • ARTBA’s research reveals US public supports infrastructure investment
    November 15, 2012
    According to the American Road & Transportation Builders Association (ARTBA), US voters are keen to see increased spending on infrastructure. ARTBA’s analysis suggests that voters approve nearly 70% of state and local transportation ballot initiatives, which is consistent with the results of the last four US elections. ARTBA tracked 31 measures overall; five were statewide initiatives and 26 were local. The measures would increase or extend funding for highways, bridges and transit. All of the seven bond in
    Read More

Highlighted Content