May 06, 2021

Top 10 issues facing construction OEMs

ConstructionOEMs
forecasting
Infrastructure
Dominic Ellis
5 min
Top 10 issues facing construction OEMs
McKinsey report highlights range of issues facing construction equipment manufacturers...

The construction equipment industry, which depends highly on GDP growth and economic activity, faced the same headwinds as other industrials during the pandemic. Although it has started to recover, recent reports from major CE OEMs indicate that their 2020 sales dropped between 10 to 25 percent across markets. The numbers varied significantly by region, with companies in Europe and North America reporting higher decreases than those in Asia.

As the pandemic begins to abate, CE OEMs will face a very different landscape. Much uncertainty lies ahead, making it more important than ever to forecast demand accurately. 

Here are the top 10 issues facing the sector as detailed in McKinsey's Digging out: Forecasting for constructon OEMs in the next normal

Share article

You might also like these articles

Top 10 costliest cities for construction
Dominic Ellis
Construction Projects
Top 10 UK construction projects in 2021
Dominic Ellis
Construction Projects