A surge in demand from the mining segment, particularly coal mining, has been responsible for significant equipment sales in South Africa over the last two years. However, the construction industry has been weak and increased investment is badly needed to stimulate machine sales.
The Malaysian equipment market has grown over the last three years. It is showing increasing signs of sophistication and maturity, with an increasing proportion of new equipment being sold and the importance of used machine trading diminishing.
Off-Highway Research’s Chris Sleight was quoted in the Financial Times on the outlook for the global equipment market in light of comments which accompanied JCB’s financial results statement.
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