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

  • Construction industry recovery continues
    June 15, 2016
    The latest report from Europe’s contractor association, the FIEC, shows that the recovery of the construction industry should continue, but at a slower pace. The FIEC reports a 2.4% recovery in activity in the overall EU construction industry in 2015 and forecasts an increase of 2.1% in 2016. “After reaching the bottom in 2013 activity is slowly recovering in the construction industry,” said FIEC Vice-President Jean-Louis Marchand, responsible for economic issues, as he presented FIEC’s annual statistics
    Read More
  • Strong equipment exports are aiding Italian construction equipment manufacturers
    May 18, 2012
    Details from the Italian construction equipment manufacturing asscoaition, UNACEA, show that domestic machine sales are still falling, while exports keep on growing. However exports are growing at a slower rate than in 2011. Over the first quarter of 2012, 1,820 construction machines were sold on the Italian market, a drop of 22.4% from the same period in 2011. These included 1,734 earthmoving machines, a fall of 22.4% compared to the first quarter of 2011, while there were 40 road machines sold, a drop of
    Read More
  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
    Read More
  • VDMA reports equipment orders
    July 21, 2020
    The VDMA is reporting a drop in equipment orders.
    Read More

Highlighted Content