Tag: Economics

According to a report by Berg Insight, the global installed base of active construction equipment (CE) OEM telematics systems reached 6.2 million units in 2022. Growing at a compound annual growth rate (CAGR) of 12.0 percent, the active installed...

Research Nester’s recent market research analysis on the offshore drilling market delivers a detailed competitors analysis and a detailed overview of the global offshore drilling market during 2024-2036. The global offshore drilling market is estimated to grow on account...

In the ever-evolving landscape of equipment manufacturing and construction industries, the year 2023 has unfolded as a period marked by economic challenges and uncertainties. As we navigate through the intricate web of factors shaping these sectors, the following analysis...

The global market for cherry picker forklifts is estimated to grow on account of rising demand for cleaning jobs and a growing logistics sector, according to a market research analysis by Research Nester. People are becoming more and more demanding...

Ritchie Bros. sold 5,100+ items from three locations in its Rocky Mountain Regional Event, generating US$52+ million in gross transaction value. Online and onsite auction attracted more than 12,300 bidders from 45+ countries, with buyers from the United States purchasing...

CNH Industrial announces the divestiture of its business activities in Russia for a total consideration of approximately $60 million. This follows the Company’s announcement in March 2022 that it was suspending supplies to this market. Up until today, the...

The current market is growing at a moderate pace by registering a healthy CAGR during the foreseen time. The rising consumption of shale oil and growing end-use industries, including the petrochemical sector, are accelerating the demand for shale oil...

Terex is pleased to announce its Series B investment in Viatec, Inc., a South Carolina-based manufacturer of plug-and-play electronic power take-off (“PTO”) systems that support electrification of utility fleets. Terex is the lead investor in Series B. Other participants include...

Brandt Completes Cervus Deal, Creates International Equipment Dealer Powerhouse.Regina-based company welcomes 64 new locations across Canada, Australia, and New Zealand. Brandt Tractor a wholly-owned subsidiary of the Brandt Group of Companies,  announced that it has successfully acquired Cervus Equipment Corp.,...

The construction and contractors sector in 2020 suffered both a loss of turnover and as a consequence, reduced profits. The world-leading tiltrotator manufacturer Engcon also had a reduction in turnover, but still managed to deliver better results compared to...