The widespread declines in equipment prices reflect broad energy industry trends as low oil prices have forced companies to reduce spending, especially on new projects, said thomas mccartin, senior economist at ihs markit.This had led to lower equipment demand from engineering, procurement and construction firms that build.
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More DetailsWorld heavy construction equipment worldwide demand for heavy construction equipment is projected to rise 5.3 percent annually through 2005.Heavy construction equipment machinery prices are a critical determinant of demand throughout the world.In developing countries, they are typically the.
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More DetailsConstruction equipment price inflation slipped to a 1.5-percent annual pace at the end of last year after increasing more than 9 percent in the previous year.The recent slowdowns were due to a world surplus of steel capacity and thus weak pricing, slower cement-price increases with the return of china to the export.
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More DetailsThe construction equipment rental market is anticipated to register a cagr of about 4.78 during the forecast period.One of the major factors driving the growth of the market is the growing construction industry, especially in developing countries, owing to numerous growth opportunities in infrastructure, residential, and non-residential sectors.
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