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China to Continue Accounting for Half of the Global Off-highway Vehicle Demand Till 2020 and Beyond
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Urbanization of inner-China, renewed focus in road and power infrastructure development in India, and inward-looking investments by the Middle Eastern nations, will stoke economic growth and drive off-highway vehicle demand in these regions in the next 4–5 years. The demand for construction machinery will grow in China owing to development in infrastructure and increasing urbanization. Domestic demand and export to African countries are expected to stoke the off-highway market in India, while government spending on infrastructure in the Middle East is expected to drive domestic demand. OEMs are expected to adopt customised strategies in each of these regions to benefit from the opportunities arising from these markets.
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