Worldwide latent demand for construction machinery remains at a high level and is expected to grow by 16% by 2012. Asia is the largest market, with USD 63.5 million in volume (35.1%), followed by Europe with USD 46.7 million (25.8%) and North America & the Caribbean with USD 42 million (23.2%).

In Asia itself, more than three-fourths of the overall market is divided between China (36%), Japan (23%) and India (17%), followed by South Korea and Indonesia (another 10% combined). These figures emphasize the potential of the industry’s most important market and, therefore, the importance of bauma China in Shanghai.

 
Source: ICON Group International, Inc.