Construction Equipment Market Outlook: The equipment manufacturing industry is still recovering from the impacts of the COVID-19 pandemic nearly three years after its onset.
With that fact firmly in mind, the Association of Equipment Manufacturers (AEM) regularly surveys its members regarding their thoughts on various economic trends and how they are affecting their efforts to do business, both within the United States and abroad. In the latest survey, most respondents stated that they are still experiencing supply chain issues, with many saying that conditions continue to worsen.
The ongoing challenges of high interest rates, as well as energy and material prices, have plagued the construction industry, but hope is on the horizon for these issues, as well as others, to eventually be resolved.
Here are some of the driving forces and key points from AEM’s Q1 webinar regarding what equipment manufacturers in the construction industry will be facing for the remainder of this year, according to presenter Danny Richards, lead economist, construction, at Global Data.
The data shows AEM CE indexes are in line with the average indexes. And, despite supply chain and workforce retention issues, many equipment manufacturers are hopeful for eventual resolutions to these ongoing issues plaguing the industry.
Want to know more about what’s on the horizon for equipment manufacturers and the industry they serve? If you’re an AEM member, be sure to attend the upcoming Q2 Equipment Market Outlook Webinar, on May 4.