A majority of construction equipment manufacturers in Europe expect their sales to increase this year by 3 to 10% compared to 2014, bouncing back from slightly more pessimistic expectations in the previous quarter. This according to the regular survey of manufacturer sentiment, held by CECE.
Machine manufacturers in Germany are the most optimistic while, in terms of market development, expectations are highest for the UK market. Beyond Europe, expectations are especially high for North America and the Middle East. By product group, it is the component manufacturers segment that sees the business climate as currently the most favorable.
The most decisive factor for the near future will probably be how industry customers will deal with the big political uncertainties of this time. This could cause postponements to investments that are not absolutely essential.