Global construction equipment sales to touch record levels this year – report ...United Arab Emirates

A new report from specialist market research company Off-Highway Research projects sales of construction equipment to hit $110bn globally this year, with expected unit figures of 1.13 million. The forecast says that this figure, if it were to be realised, would be a record high, beating the 1.11 million units sold in 2018 by 2%. According to Off-Highway Research, stimulus packages by governments around the globe in response to the Covid-19 pandemic will be the reason for the record high, with the Chinese government leading the pack. This latest prediction was absent before the pandemic hit but responses from government bodies has led to the revision. As an example of these responses, Off-Hig

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