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Spanish Government's austerity measures impact construction equipment market
July 14, 2011
By prameelav
The postponement or cancellation of numerous construction projects as part of the Spanish Government's austerity measures resulted in a CARC of -22.7% from 2006-2010 for the Spanish construction equipment market.
The situation, however, is expected to improve steadily to 2015 following the economic recovery. The construction equipment market is expected to register steady growth and register a CAGR of 9.8% to 2015.
The earth moving equipment category is expected to register a CAGR of 9.93%, the crushing and screening equipment category is expected to grow at a CAGR of 6.6%. The category of equipment expected to witness the highest growth is concrete equipment, which is expected to grow with a CAGR of 13.58%, closely followed by the construction vehicles category with a CAGR of 12.78%.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report The Future of the Construction Equipment Market in Spain to 2015 published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by prameelav on July 14, 2011 5:55 AM
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