Global demand for construction machinery expected to increase
Due to the low-interest rates that have been in place since the epidemic, Europe and the United States have been able to invest successfully in real estate and infrastructure, which has resulted in a strong demand for construction machinery.
On the other hand, after the epidemic, when the price of resources rose sharply, mining demand increased, which encouraged Indonesia and other resource-based nations to increase their demand for construction machinery. Long-term demand for construction equipment will be supported by the urbanization process in developing countries as well as factors such as electrification, food security, urbanization construction, manufacturing development, and others.
3 Nov 2022 reported by Machinery News