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Plant market in the UK set to fall 35% 131

Posted on Wednesday, 15 October 2008 02:41PM by Editor
Industry insiders are predicting that the UK's construction equipment market will fall 35% this year and another 9% next. This is based on interviews the OHR has made with manufacturers and dealers throughout Europe during the second week of October.

Mini excavator sales in the UK are expected to fall by up to 45% to 8,000 units this year and 7,000 in 2009. A predicted 32% decline in crawler excavator sales will be mainly at the light end of the market and will be followed by a smaller fall next year to 5,500 units.

In Western Europe only the Republic of Ireland and Spain are predicted to be harder hit with declines of 48% and 62% respectively. Over the last couple of years the UK has been Europe’s largest market for construction equipment and OHR said a correction was predicted but not of this magnitude.
 
 
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