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Cautiously Optimistic

The members of VDMA Construction Equipment are looking at the future with confidence. Industry representatives expect a slight decline in sales of 3-5 per cent this year at an overall stable level.

Greater Potential

Indian industry has great potential for Germany especially in the areas of manufacturing, infrastructure and energy which are major growth sectors in India.

German CE sector grows

Turnover achieved by German manufacturers of construction equipment in 2014 grew by eight per cent, equaling ?8.4 billion in total, and, with this, is higher than was originally expected. This amount is about the same as was reached in 2006.

In the Right Direction

The markets for German manufacturers in this sector have seen a prominent geographical shift. The example of earth-moving machinery highlights this. In 2005, the market in India and China which was 3 per cent and 18 per cent respectively, exploded to 6 per cent and 52 per cent,

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