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.
Canada will be the bauma 2019 partner country. This is a significant agreement as Canada is the world’s seventh biggest construction machinery market. The construction and mining industries generate 15% of Canada’s gross domestic product. This has been agreed by Messe München and the Verband Deutscher Maschinen- und Anlagenbau (VDMA - German Engineering Federation).
Klaus Dittrich, Chairman and CEO of Messe München said, “In selecting Canada, we were not just selecting a very stable sales market but an
In 2016, German manufacturers of construction equipment achieved a turnover of €9.3 billion, an increase of 3% compared to 2015. Of note though is that the same period, global sales of construction equipment declined by 1%. German companies managed to perform better than the world market and develop market share. In 2017, they expect another increase in sales by 3%.
