Construction equipment market to grow by up to 50 pc in 2008

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Sales of new construction equipment is to continue their upward trend in 2008, even though the profile market is to advance at an inferior pace compared to the past three years, when the sales volume doubled each year.
 
If last year, the new equipment market doubled, up to more than 3,000 units, in 2008 the progress is estimated at 30-50 percent and new equipment sales will continue to account for a share higher than 90 percent of the market.
 
The domestic market of construction equipment is to record in 2008 a 70 percent growth, trend predicted to continue for at least another three-four years. The domestic market value is estimated at 100 million euros.
 
In specialists’s opinion, the construction equipment market is to become divided into segments in the period to come on specific equipment, such as loading units, excavators, the companies giving up gradually the acquisition of bulldozer-excavators.
 
At present, the Romanian market is mainly oriented towards caterpillar excavators, bulldozers and frontal loading devices.
 
Local market’s growth potential is to continue at a high pace due to infrastructure projects (motorway, bridges, viaducts and railway segments), as well as to European funds set to enter Romania in the following years, said importers.
 
They also say that rentals weight is to further remain low in the upcoming years but, when attaining maturity, the domestic market is to align to the trends in Western Europe, where rentals are dominating.
 
In the first three months of 2008, sales of construction equipment surged by more than 35 percent, from some 600 units in the similar period of last year to more than 820 units, according to data of the Construction Equipment Distributors Association (ADUC).
 
In 2007, according to ADUC, some 3,600 construction equipment units were delivered compared to 1,525 units the previous year.
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