Measured in units, the total world market for construction equipment increased by 51% during the first two months in 2011 compared to the same period last year. In Europe the market increased by 57%, North America was up 59% and South America increased by 38%. Total Asia was up 54%, whereof China increased by 70%. Other markets decreased by 3%.
Market conditions for 2011 are expected to remain positive with a projected global growth of 20-30%. Europe is expected to grow by 10-20% (previous forecast 5-15%), North America by 25-35% (previous forecast 20-30%), South America 5-15% (n.a.), Asia 10-20% (n.a.) and China 20-30%, (previous forecast 5-15%).