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CONEXPO Provides NA Market Outlook
Lorena Violante We talked with many industry representatives at CONEXPO, and we generally heard that the North American construction equipment market is performing relatively well and that it is expected to experience low single-digit growth in the near term, with demand remaining stable. Demand continues to be supported by infrastructure investment and ongoing construction activity.
OEM representatives said their cautious forecasts were affected by factors such as interest rates, inflation, tariffs…
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Construction Machinery Demand Could Hit 25,000 Units
Akihiro Komuro The Indonesian Heavy Equipment Distributors Association (PAABI) forecasts an expansion in construction machinery demand in 2026, with a potential total of 23,000 to 25,000 units. This represents an estimated growth of 5% to 8% compared to 2025, with a projected total market size of around US$3.62 billion.
According to the PAABI Chairman, the increase in demand in 2026 will be driven by the nation’s Strategic Infrastructure Projects (PSN), the ongoing construction of the new capital, IKN, and mining activities at major nickel and coal sites. These projects are expected to increase demand for heavy machinery, such as hydraulic excavators, wheel loaders, and bulldozers.
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Green Construction Equipment Sees Growth
Jack Hao In China this year, green construction machinery is seeing rapid growth, and demand across multiple scenarios is becoming unmistakable. EVE Energy is delivering full-scenario solutions for earthmoving equipment, aerial work platforms and specialized machinery. After six years of shipments in the construction-machinery segment, EVE Energy now ranks second nationwide; individual vehicles have logged more than 16,000 operating hours, and the company’s products are fitted to over 60 OEMs including LiuGong, SANY and Lingong.
According to data from the Construction Machinery Association, domestic sales of new-energy construction equipment are expected to surpass one million units by 2028, and the incremental market for green machinery is opening up rapidly—yet pain points remain: bulky batteries, short cycle life and complex assembly.
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Electrification of China Construction Machinery Industry Accelerates
CHINA REPORT
Jack Hao The electrification of the construction machinery industry in China continues to accelerate. For example, CATAL and Longgong have signed a strategic cooperation agreement in Ningde, Fujian, a move that follows the January cooperation agreement between CATAL and Lingong Heavy Machinery. According to the agreement, both parties will expand cooperation in the development and production of construction machinery, the development of power batteries for construction machinery, and jointly research and develop adaptive products and market promotion to jointly explore the new energy construction machinery market.
More and more construction machinery companies are turning their attention to the electrification market. Domestic and foreign engineering machinery companies such as XCMG, Sany, Zoomlion, and Carter have developed and launched electric products such as loaders, excavators, and mixer trucks.
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Compact Track Loaders Eat into US Skid Steer Market
The past decade has seen compact track loaders (CTLs) eat into the market share held by skid steer loaders in the US, before overtaking sales of their wheeled counterparts completely. In 2012, there were 36,125 skid steer loaders sold in North America, compared to 21,500 sales of compact track loaders. By 2022, that number had jumped to 93,000 compact track loader sales, compared to 30,000 skid steer sales.
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CONEXPO 2023 Features Hydrogen, Electric Equipment
Walking CONEXPO 2023, the giant international construction show in Las Vegas this month, it was obvious that OEMs are devoting huge amounts of resources to developing alternative power sources for their compact equipment.
Hydrogen powered units and battery packs were common and new products powered by alternative energy sources were popular with attendees. New technology was the name of the game at this year’s show.
However, there were several prototypes that were built only for the show, according to some exhibitors, and were not likely to be put into mass production anytime soon. In fact, one manufacturer told us, “This was manufactured for the purpose of the exhibition and is not intended for mass production.”
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JCB Reaches Hydrogen Milestone
JCB’S £100 million investment in a project to produce super-efficient hydrogen engines is going full steam ahead. A team of 100 engineers has been working on the exciting development for more than a year and the 50th JCB hydrogen combustion engine has now come off the production line as part of the development process.
JCB’s hydrogen-fueled backhoe loader is one of three hydrogen vehicles the OEM is developing. JCB hydrogen engines are powering prototype backhoe loaders and Loadall telescopic handlers and the company has recently unveiled its very own designed and built mobile refueling bowser to take fuel to the machines. The bowser has enough hydrogen to fill 16 hydrogen backhoe loaders and can be transported either on the back of a modified Fastrac tractor or on a trailer.
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Special Report: M&T Expo
BRAZIL/SOUTH AMERICA REPORT
Carlos Briganti TheM&T Expo 2022 is one of the most important trade fairs in the construction and mining equipment industry throughout Latin America and this year the show featured more than 600 exhibiting brands in 54,000 square meters. Held in Sao Paulo Aug. 30-Sept. 2, 2022, the event had more than 30,000 visits in four days.
Disagreements between show organizers and exhibitors caused key players in the market to avoid the show. The list of missing exhibitors included Caterpillar, John Deere, Komatsu, JCB, CNH, and Volvo. Chinese companies, as well as Liebherr, took this opportunity to use large spaces at the event, both in area and in product portfolio with respective sales and engineering teams.
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