A report from the VDMA (the German Engineering Federation) says that mid-year business situation is highly diverse for companies in the German construction equipment and building material machinery industries.
February 27, 2012
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A report from the 1331 VDMA (the German Engineering Federation) says that mid-year business situation is highly diverse for companies in the German construction equipment and building material machinery industries.
German manufacturers of construction equipment achieved a turnover of €9.3 billion in 2016, a 3% rise compared to 2015.
The increase was despite a global sales dip of 1% and in 2017, German manufacturers again expect another 3% increase in sales.
The German market was a big driver for sales, posting a 20% increase on 2015 to reach around €3 billion, according to the VDMA, the German Engineering Federation.
“In view of this high level, a further growth seems hardly possible, even if our customers co
The VDMA is the German equipment manufacturing association and says it is optimistic with regard to machine demand. The VDMA’s latest forecast for the construction equipment business segment in 2015 suggests market growth of 4%. According to the VDMA, the bauma 2016 construction equipment event in Munich in spring 2016 will also provide strong impetus for machine sales.
German construction equipment manufacturers are more optimistic at the middle of the year than they were at the beginning – "even though u
The German construction equipment manufacturing association reports wide variations in business activity across different markets. Overall, the VDMA reports that for construction equipment, the 2016 growth forecast remains at over 3%.
According to the VDMA, German construction equipment manufacturers remain cautiously optimistic at the middle of the year. “After a great bauma trade fair in April we are again in the midst of our daily business – which holds a number of challenges and uncertainties,” said
