2020 Annual Report & Forecast Shows Optimism for Year Ahead
Posted on: 06 Jan 2020
CASE Construction Equipment partners each year with Construction Equipment magazine to present the Annual Report & Forecast, a look at the year ahead in the construction industry from the perspective of fleet managers, as well as businesses in transportation infrastructure, residential construction, non-residential construction and water infrastructure.
Rod Sutton, editorial director of Construction Equipment, introduces the 2020 report as follows:
“Managers of construction equipment fleets rated 2019 the highest in several years, but among vocations, those rating numbers varied. All vocations reported positive business years, for the third consecutive year, but water infrastructure and home building were “good” and transportation infrastructure and nonresidential construction were “very good.”
All regions reported either “very good” or “excellent” business years for 2019, lining up with expectations expressed at the end of 2018.
Expectations for 2020 also differ across vocations. Respondents in transportation forecast a slight dip after a “very good” 2019, expecting “good.” Water infrastructure and home building, on the other hand, expect this year to be better than last, with home building expecting a “very good” 2020. Nonresidential remains optimistic, forecasting a “very good” 2020, and fleet managers agree.”
To read the entire report, and to see the in-depth reporting on each of these core markets within the construction industry, click here: http://bit.ly/2T1Fsul