Construction Trucks Industry Expected to Rebound After Financial Crisis.
Asia-Pacific becomes world's consumer of construction trucks
Increasing its market share from approximately 28% in 2006 to just over 45% in 2010, Asia-Pacific became the industry's largest consumption market with a consumption value of over US $4 billion in 2010. This growth was supported by new infrastructure projects in China, Indonesia and India, required in order to support their rapidly growing populations, urbanization, manufacturing and service industries, which increased the consumption of construction trucks in the region. Japan was the only country in Asia-Pacific to register weak consumption due to a decline in construction activity during the review period. In the forecast period, this market growth is expected to continue and the consumption value of construction trucks in the Asia-Pacific region is expected to record a CAGR of approximately 11%.
For more information on the construction truck market forecast and analysis of other regions, visit "Focus On Construction" at Fast Market Research: www.fastmr.com/focuson/construction.
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|Publication:||PR.com (Press Releases)|
|Date:||Nov 4, 2011|
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