Construction machinery sales up 6.5% anually to 2015
The construction industry is showing signs of growth globally. That is according to research conducted by Freedonia Group who found that machinery for the construction industry is expected to increase sales at a robust 6.5% annually until 2015 when it could be worth US $171 billion.
“Given the continuing demand in the region due to new contracts being awarded, the trade fair attracts key buyers and decision makers from the region and endeavours to meet the needs of this promising market,” said Ahmed Pauwels, CEO of Epoc Messe Frankfurt.
Countries apart from the UAE being touted as big buyers in the next year include Saudi Arabia, Iran, Oman, India and Bahrain; all of which are expected to have huge requirements for heavy machinery.