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Global construction machinery market to hit $171bn

by CW Staff on Jan 31, 2012

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Ahmed Pauwels, CEO of organiser, Epoc Messe Frankfurt.

Globally the construction industry is showing signs of being on the up, leading to a revival in construction activity and the resultant demand for all types of construction machinery.

Recent market research indicates that the global market for construction machinery, fuelled by considerable revival in construction activity over the last year, is expected to grow at a robust 6.5% annually until 2015, when it is estimated to be worth $171b.

“Given the continuing demand in the region due to new contracts being awarded, Hardware+Tools Middle East, the region’s international trade fair for tools, hardware, materials and machinery, is now increasing its focus on the machinery section,” said Ahmed Pauwels, CEO of organiser, Epoc Messe Frankfurt.

The newly-launched machinery segment will spotlight the aluminum, wood, steel, plastic and rubber industries, and targets engineers, contractors, machinery distributors, traders, building materials and manufacturers.

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