A positive outlook of business has been revealed by the German equipment manufacturers association, the 1331 VDMA.
According to the Frankfurt-based organisation, the German construction equipment and building material machinery industry saw a growth in turnover of 13% to €10.6 billion in 2010. Of these, the construction machinery sector accounted for €6.3 billion, with €4.3 billion coming from the construction equipment, glass and ceramics machinery sectors.
In 2011, the industry is expecting to see a growth in both areas of another 10%. In total, 2010 was a better year for the companies than they had expected.
Sales in earthmoving machinery jumped by 25% while demand for road building machinery climbed 38%, and there is a notable development for incoming orders for 2011. In the second half of 2010, demand grew significantly in all areas, and manufacturers of construction equipment have 56% more incoming orders. The fact that most companies kept their regular staff during the crisis is now a big advantage, with the only slowing down factor to these positive trends being the supply industries.
Some components see lead times of 25-32 weeks, and some manufacturers in the construction machinery industry fear not being able to fulfil some of their projects.
According to the Frankfurt-based organisation, the German construction equipment and building material machinery industry saw a growth in turnover of 13% to €10.6 billion in 2010. Of these, the construction machinery sector accounted for €6.3 billion, with €4.3 billion coming from the construction equipment, glass and ceramics machinery sectors.
In 2011, the industry is expecting to see a growth in both areas of another 10%. In total, 2010 was a better year for the companies than they had expected.
Sales in earthmoving machinery jumped by 25% while demand for road building machinery climbed 38%, and there is a notable development for incoming orders for 2011. In the second half of 2010, demand grew significantly in all areas, and manufacturers of construction equipment have 56% more incoming orders. The fact that most companies kept their regular staff during the crisis is now a big advantage, with the only slowing down factor to these positive trends being the supply industries.
Some components see lead times of 25-32 weeks, and some manufacturers in the construction machinery industry fear not being able to fulfil some of their projects.
