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Construction and Mining Machinery

Global demand for construction and mining machinery is forecast to expand 3.0% p.a. between 2016 and 2020. Currently, track-laying tractors account for 0.9% of the global demand while the remaining market share is divided between off-highway dump trucks (4.3%), continuous action mine conveyors and elevators (0.1%), pile-extractors and pile-drivers (0.4%), rock and coal cutters (2.2%), other sinking and boring machinery (6.8%), compacting and tamping machinery (not self-propelled) (0.4%), screening, separating sorting and washing machines (2.0%), grinding and crushing machines (3.9%), self-propelled road making and earth moving equipment (29.9%), mixing and kneading machines (2.2%), other construction and mining machinery (7.3%) and parts of construction and mining machinery (39.6%).

China, Japan, Philippines, Portugal and the United States are considered the highest potential markets in the coming years. Canada, China, Germany, Japan and the United States represent the largest construction and mining machinery markets while the strongest annual growth is forecast to occur in Philippines (10.0%), Portugal (8.8%), Spain (7.6%), Italy (5.4%) and Australia (4.5%).

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