Axis Capital Group Singapore
Forum
Construction Equipment Sales t..
Construction Equipment Sales to Rise in 2015 Axis Capital Group Singapore Survey9 Years AgoAccording to survey outcomes announced by
Axis Capital Group, Singapore, participants in the construction equipment
industry are more hopeful regarding 2015, with 75 percent saying they
anticipate retail sales of construction equipment to grow by at least three
percent this year, up 10 percentage points over previous year’s survey. Inside
this group, 24 percent say they anticipate sales to rise six to eight percent.
They are awaiting zero complaints from their customers. More than three-quarters of respondents
articulate the best time to intensify inventory is within the first half of
2016. Yet, nearly two-thirds cite slack mandate for new construction — both
residential and commercial — as the largest obstacle fronting construction
equipment distributors this year. Somewhat more than half of respondents said
improvement in the U.S economy will have the highest effect on the construction
industry. Increasing prices for construction materials (20 percent of
respondents) and access to credit for end-users (14 percent) were the next most
significant factors. “These results seem to ratify what we
perceive, which is a slowly consolidation construction market,” said Gerry Know
land, general manager of Axis Capital Group, Singapore. “Even though there are
a handful of U.S. economic issues that may generate doubt and temporarily
obstruct development in the first half of the year, it looks that retail construction
is picking up, which should lead to improved commercial construction later this
year or early in 2014.” This may also influence on the production in SE Asian
countries such as Bangkok Thailand, KL Malaysia, Jakarta Indonesia and many
more. Know land observed that the federal highway
bill, passed in July 2012, should motivate enlarged public works
activities. Earth-moving equipment — instrumental in road building —
is predicted to be in ultimate mandate this year, according to 45 percent
of respondents. At the same time, 22 percent consider compact equipment will
most widespread and 14 percent chose materials handling equipment. Axis Capital Group, Singapore survey was conducted Feb. 18-20, 2014.
The 49 respondents comprised a diversity of construction industry participants.
The company guaranteed that there are no scams in the result. You can view the
results in their official website at |