World Heavy Equipment with forecasts to 2005 and 2010

New study finds:

• Worldwide demand for heavy construction equipment is projected to rise 5.3 percent annually through 2005 to $87.4 billion • The major factor fueling growth through 2005 be ongoing economic recovery and expansion within the developing nations of /Pacific and Latin America • The three leading producers -- Caterpillar (US), Komatsu () and CNH (based in the Netherlands, but operating as a subsidiary of Fiat of ) -- account for close to a third of total global demand Study Publication Date: October 2001 Freedonia Industry Study #1468 Price: $4,700 Pages: 375 World Heavy Construction Equipment World Heavy Construction Equipment, a new study from The Freedonia Group, provides you with an in-depth analysis of the major trends in the world market for heavy construction equipment and the outlook for product segments -- critical information to help you with strate- gic planning.

This brochure gives you an indication of the scope, depth and value of Freedonia's new study, World Heavy Construction Equipment. Ordering information is included on the back page of the brochure.

Brochure Table of Contents

Study Highlights ...... 2 Study Table of Contents and List of Tables and Charts ...... 4 Sample Pages and Tables from: Market Environment ...... 6 World Supply and Demand ...... 7 Supply and Demand by Country & Region...... 8 Market Share ...... 9 Company Profiles ...... 10 List of Companies Profiled ...... 11 Forecasting Methodology ...... 12 About the Company ...... 13 Advantages of Freedonia Reports ...... 13 About Our Customers ...... 14 Related Studies ...... 15 Ordering Information...... 16 Study Highlights

• Worldwide demand for heavy construction equip- ment is projected to rise 5.3 percent annually through 2005 to $87.4 billion.

• The major factor fueling growth through 2005 will be ongoing economic recovery and expansion within the developing nations of Asia/Pacific and Latin America.

• Future prospects are favorable in , where construction equipment demand will benefit from that nation's aggressive industrialization efforts, and Eastern Europe, as countries there continue their transformation to market economies, attracting increased foreign investment.

• The greatest growth in output will be in developing countries -- particularly in Asia and Latin America -- the continuation of a long-term trend, slowed in recent years by disruptive events like the Asian financial crisis.

• The three leading producers -- Caterpillar (US), Komatsu (Japan) and CNH (based in the Nether- lands, but operating as a subsidiary of Fiat of Italy) -- account for close to a third of total global demand.

* Excluded from the scope of the study are certain products sometimes considered to be construction equipment, including log splitters, dredging machinery, pile driving equipment and aerial work platforms. Also excluded is used heavy construction machinery of all types.

World Heavy Construction Equipment #1468 Freedonia Industry Study 2 Study Highlights World Heavy Construction Equipment Demand by Region, 2000

North America 33.7%

Western Europe 23.3%

Africa/Mideast 4.3% Eastern Europe 3.3% Latin America 4.7% Asia 30.7%

World Heavy Construction Equipment Demand (million US dollars) % Annual Growth Item 1995 2000 2005 2010 00/95 05/00

Gross Fixed Investment (bil 1998 US$) 6642 8389 10760 13920 4.8 5.1 $ construction equipment/000$ GFI 9.0 8.0 8.1 8.2 — — Sample Table Construction Equipment Demand 59885 67470 87390 113795 2.4 5.3 United States 15178 19130 23410 29415 4.7 4.1 Canada & 2397 3630 4735 6095 8.7 5.5 Western Europe 14350 15735 18890 22415 1.9 3.7 Japan 10800 8180 9880 12045 -5.4 3.8 China 3010 5130 8055 12825 11.3 9.4 Other Asia/Pacific 6811 7375 11420 16095 1.6 9.1 Latin America 2886 3150 4455 6280 1.8 7.2 Eastern Europe 2160 2235 2910 3900 0.7 5.4 Africa/Mideast 2293 2905 3635 4725 4.8 4.6

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World Heavy Construction Equipment #1468 Order form on last page 3 Table of Contents I. EXECUTIVE SUMMARY Summary Table ...... 3

II. ECONOMIC & MARKET ENVIRONMENT Tables and Charts are featured for each region and General ...... 4 country. Historical data and forecasts are presented World Economic Outlook ...... 5 for 1995, 2000, 2005 and 2010. Recent Economic Performance ...... 6 World Economic Outlook ...... 9 Table - Gross Domestic Product by Region ...... 10 For each country/region, the following are given: World Fixed Investment Outlook ...... 10 Table - Fixed Investment by Region ...... 13 Population Chart - World Heavy Construction Equipment/Fixed $ GDP/capita Investment Relationship ...... 14 Gross Domestic Product World Demographic Outlook ...... 15 % fixed investment World Population Outlook ...... 15 Table - Population by Region ...... 16 Gross Fixed Investment Urban Population Outlook ...... 17 $ construction equipment/000$ GFI Table - Urban Population by Region ...... 18 Construction Equipment Demand Pricing Patterns ...... 18 Loaders Table - Heavy Construction Equipment Pricing Patterns ....20 Off-Highway Trucks & Tractors Technology ...... 21 Cranes & Draglines , Rollers & Related Mixers, Pavers & Related III. SUPPLY & DEMAND Parts & Attachments General ...... 23 World Heavy Construction Equipment Markets ...... 24 net exports Regional Markets ...... 24 Construction Equipment Shipments Table - World Heavy Construction Equipment Demand by Region ...... 25 Chart - World Heavy Construction Equipment Demand by Region, 2000 ...... 26 Rental and Leasing Markets ...... 26 World Heavy Construction Equipment Production ...... 28 Producing Countries ...... 28 Table - World Heavy Construction Equipment Shipments by Region ...... 30 Chart - World Heavy Construction Equipment Shipments by Region/Country, 2000 ...... 31 Products ...... 31 Table - World Heavy Construction Equipment Demand by Type ...... 32 Loaders ...... 32 Off-Highway Trucks & Tractors ...... 34 Cranes & Draglines ...... 35

World Heavy Construction Equipment #1468 Freedonia Industry Study 4 Graders, Rollers & elated Products ...... 37 South Korea ...... 153 Mixers, Pavers & Related Products ...... 38 Taiwan ...... 156 Parts & Attachments ...... 38 ...... 160 International Trade Flows ...... 39 All Other Asia/Pacific Countries ...... 163 Table - World Heavy Construction Equipment Net Exports by Region ...... 41 VII. OTHER REGIONS General ...... 168 IV. NORTH AMERICA Latin America ...... 171 General ...... 42 Argentina ...... 174 United States ...... 45 ...... 178 Canada ...... 49 Chile ...... 182 Mexico ...... 53 Colombia ...... 185 Peru ...... 188 V. WESTERN EUROPE Other Latin America Countries ...... 191 General ...... 57 Eastern Europe ...... 194 France ...... 61 Czech Republic ...... 198 ...... 65 Poland ...... 202 Italy ...... 70 ...... 206 United Kingdom ...... 73 Slovakia ...... 211 Other Western Europe Countries ...... 77 Other Eastern Europe Countries ...... 214 Austria ...... 79 Africa/Mideast ...... 218 Belgium ...... 83 Saudi Arabia ...... 222 Denmark ...... 86 South Africa ...... 225 Finland ...... 89 Turkey ...... 229 The Netherlands...... 93 Other Africa/Mideast Countries ...... 233 Norway ...... 96 Portugal ...... 99 VIII. INDUSTRY STRUCTURE Spain ...... 101 General ...... 238 ...... 105 Industry Composition ...... 239 Switzerland ...... 108 Table - Revenue Data: Selected Construction All Other West European Countries ...... 111 Equipment Manufacturers, 2000 ...... 241 Market Share ...... 242 VI. ASIA/PACIFIC Chart - World Heavy Construction Equipment General ...... 115 Market Share by Company, 2000 ...... 243 China ...... 119 Product Development & Manufacturing ...... 243 Japan ...... 124 Marketing & Distribution ...... 245 Other Asia/Pacific Countries ...... 128 Cooperative Agreements ...... 247 ...... 131 Table - Selected Cooperative Agreements ...... 249 Hong Kong ...... 134 Financial Requirements ...... 258 ...... 137 Mergers, Acquisitions & Industry Restructuring ...... 260 ...... 141 Table - Selected Acquisitions & Divestitures ...... 262 Malaysia ...... 145 Company Profiles ...... 266-375 ...... 149

World Heavy Construction Equipment #1468 Order form on last page 5 Market Environment

The Market Environment Section discusses key indicators that drive MARKET ENVIRONMENT demand for heavy construction equip- ment, including technology, pricing trends, and Freedonia’s uniquely Pricing Patterns developed macroeconomic indicators. Heavy construction equipment machinery prices are a critical determinant of demand throughout the world. In developing countries, they are typically the This information provides you with an dominant purchasing criteria. The cost of a new construction machine can range understanding and an analysis of the from about $50,000 to well over $1 million. For example, Komatsu's PC1800-6 SAMPLE PAGE climate in which the global heavy crawler , introduced in 2000, has a list price of $2 million. Intense competition among suppliers, the availability of used equipment discounted 30 to construction equipment industry 60 percent below new machinery prices, difficulties in obtaining needed financing operates and helps you build your and the option to rent equipment on an as-needed basis all contribute to buyers' market strategy to sustain long-term price sensitivity for new machinery in many areas. The mature nature of the growth. construction equipment industry and lack of brand loyalty among many users also contribute to the role that pricing plays in buying decisions.

Factors influencing the cost of construction machinery within a country include local inflation trends, pricing patterns for other industrial products (especially related or competitive products), level of local demand, local availability of supplies and component prices. However, construction equipment is widely traded, and many of the major producers have international production and marketing operations. As a result, prices (adjusted for relative currency fluctuations) tend to settle at or near a global standard for any given product type and level of quality. Nevertheless, there remains considerable variation in construction machinery prices from country to country.

As a result of the intense competitive environment in most areas, construction equipment prices have tended to rise sluggishly in recent years, although pricing has held up better in the US and other nations where demand has been strong. Manufacturers have been able to more easily raise prices for machinery with SAMPLE TABLE

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World Heavy Construction Equipment #1468 Freedonia Industry Study 6 World Supply & Demand

The World Supply and Demand SUPPLY & DEMAND Section highlights the key issues that have affected the global heavy construc- Cranes & Draglines tion equipment market over the past ten years and summarizes contributing Global sales of construction cranes and draglines (including ) are growth factors. projected to rise at a 5.2 percent annual rate through 2005 to $12.7 the pace of increase for construction machinery as a whole.SAMPLE Growth will PAGE approximate overall demand because these products -- which are used to dig, move and This information helps you: position materials -- have a broad range of applications in both construction and operations.

• Focus your sales and marketing Construction cranes are primarily used to lift and position large objects, carrying efforts on high growth areas. cement hoppers for building concrete columns, erecting large process tanks in chemical facilities, setting metal beams in bridge construction, etc. With the use of such attachments as dragline buckets, clamshells and magnets, cranes can be used • Propose new areas for development for material handling and earthmoving applications as well. Cranes are generally categorized according to the type of boom employed (lattice or telescopic) and can be truck-mounted and/or designed to operate in rough terrain or all-terrain environments. Draglines are a special type of excavating crane featuring a bucket dropped from a boom and dragged along by a cable. Much product development activity in recent years has focused on improving crane safety, with producers incorporating dual brake systems, lever locks, crane overweight limiters and various collision preventing devices. In 2001, for example, Liebherr began World Heavy Constructionoffering SMIE's AC30 Equipment anti-collision system, Demand which canby monitorRegion up to 20 tower cranes at (milliona site and preventU.S. dollars) the jib or counter-jib of each crane operating at one height from hitting the ropes of those above it. Item 1990 1995 2000 2005 2010 Excavators are mainly employed in earthmoving applications, being used to dig World building foundations and51632 trenches,59885 although they67470 are also87390 used to113795 lift small pieces of equipment and materials when a crane is not readily available. Excavators are North America: 13734 17575 22760 28145 35510 available in several designs, with the mostSAMPLE popular being TABLEthe crawler-mounted United States hydraulic excavator. Cable11637 type excavators15178 (usually19130 referred23410 to as29415 shovels) are Canada & Mexico 2097 2397 3630 4735 6095 Western Europe 14412 14350 15735 18890 22415 Asia/Pacific: 15269 20621 20685 29355 40965 Japan 9516 10800 8180 9880 12045 China 1330 3010 5130 8055 12825 Other Asia/Pacific 4423 6811 7375 11420 16095 Other World: 8217 7339 8290 11000 14905 Latin America 2145 2886 3150 4455 6280 Eastern Europe 4255 2160 2235 2910 3900 Africa/Mideast 1817 2293 2905 3635 4725

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World Heavy Construction Equipment #1468 Order form on last page 7 Supply & Demand by Country & Region

These Sections analyze supply and

demand for heavy construction equip- OTHER REGIONS ment by type for 40 countries and six

regions. Chile

Demand for construction machinery in Chile is forecast to advance at a 6.8 percent annual rate through 2005 to $535 million, a little below the forecast pace for Latin America overall but a substantialSAMPLE improvement fromPAGE the 1995-2000 period. Gains will be stimulated by a dramatic increase in fixed investment/ construction activity, aided by government privatization efforts. For example, Codelco announced in July 2001 that it plans to build a biotechnology plant to dissolve copper concentrate. Other notable projects include construction of a highway between Santiago and Talco (with work scheduled to start in 2002), building of the TransChile natural gas pipeline (construction scheduled to begin in 2003) and construction of 16 privately financed water treatment plants (scheduled to be completed by 2009). Heavy equipment demand will be restrained by faster economic growth in other Latin American nations, limiting the availability of foreign funding for construction projects. Italy - Heavy Construction Equipment Supply & Demand (million U.S.Shipments dollars) of construction machinery from factories in Chile will continue to rise at a fast rate, climbing 11.4 percent annually through 2005 to $60 million. Domestic manufacturers will benefit from strong growth in demand in Chile and Item 1990 1995 2000 2005 2010 regional export markets, although shipment gains will be not be enough to prevent Population (million persons) further57.0 widening57.3 of the country's57.5 trade57.1 deficit,56.4 as offshore producers intensify their $ GDP/capita marketing18770 efforts19900 throughout21770 Latin24690 America.28100

Gross Domestic Product (bil 1998 US$) Chile's1070 construction1140 machinery1252 manufacturing1410 1585 capabilities are limited, with the % fixed investment bulk19.8 of domestic17.5 production19.5 consisting20.8 of small22.0 and mid-sized equipment, parts and attachments. Industry shipments grew at a 14.5 percent annual rate between 1990 Gross Fixed Investment (bil 1998 US$) and 2000,212 aided199 by an influx244 of external293 investment348 during the early and mid- $ construction equip/000$ GFI 1990s8.7 following8.4 the advent8.1 of economic7.9 reforms.7.8 The industry was able to continue expanding rapidly when domestic demand weakened in recent years by Construction Equipment Demand 1854 1670 1975 2320 2710 boosting export sales.SAMPLE Nevertheless, TABLE the country remains dependent on imports Loaders 384 342 405 480 560 for over 90 percent of its construction equipment requirements. Important Off-Highway Trucks & Tractors 297 266 320 375 440 Cranes & Draglines 380 337 400 470 555 Graders, Rollers & Related 197 164 200 235 275 Mixers, Pavers & Related 119 100 120 140 165 Parts & Attachments 477 461 530 620 715

net exports 269 1013 1240 1515 1845 Construction Equipment Shipments 2123 2683 3215 3835 4555

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World Heavy Construction Equipment #1468 Freedonia Industry Study 8 Industry Structure Sample page from Freedonia Industry Study

Gain#1111 a better World global Security understanding Products of & Sys- yourtems competition and analyze your company's position in the industry with information about: INDUSTRY STRUCTURE • industry composition Marketing & Distribution • market share The importance of marketing and distribution as competitive tools has increased in recent years, as a consolidating heavy construction equipment supplier base • product development attempts to target an ever more geographically dispersed customer base. Of particular importance are manufacturers' sales networks, which often include both • manufacturing independent and company-owned dealers or distributors. In addition to price, after-sales service and parts supply are primary purchasing considerations for construction machinery, as downtime on a construction or mining site is costly. • mergers & acquisitions Maintaining a widespread sales/servicing network with dealers located close to key customers allows for economies of scale in marketing and distribution to almost as • industry restructuring great an extent as in manufacturing. Caterpillar's global dealer network, for example, operates at more SAMPLEthan 2,700 places PAGE of business, and the company maintains over 2,000 parts distribution facilities worldwide. • cooperative agreements

A strong service network also increases the likelihood that replacement parts -- • marketing & distribution which account for a sizable portion of industry revenues -- will be purchased from the equipment manufacturer and not a third party. One example of an action taken to strengthen a producer's sales/service network is the October 2000 opening • financial requirements of a new Komatsu parts depot in Las Vegas, Nevada to support distributors in the western US and improve customer service. This facility allows the firm to ensure improved parts availability without having to increase distributor parts inventories.

Another key competitive tool is customer financing services, particularly in areas where funds are difficult to obtain from other sources. In Russia, for example, both CNH and Caterpillar have launched financing programs to provide contrac- tors with an affordable way to upgrade aging construction machinery fleets. Most heavy equipment manufacturers offer some form of financing, usually both wholesale financing to dealers and retail financing to end users. Wholesale (or floor plan) financing allows dealers to maintain a representative inventory of

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World Heavy Construction Equipment #1468 Order form on last page 9 Company Profiles

The Profiles Section analyzes 37 companies active in the world heavy construction equipment industry. These profiles represent a sampling or

cross-section of the types of companies COMPANY PROFILES involved in the industry. Liebherr-International AG Rue de l'Industrie 19 Divisions, subsidiaries, joint 1630 Bulle ventures, etc., are discussed under Switzerland 41-26-913-3111 appropriate parent companies. http://www.liebherr.ch

Sources for profiles included: Liebherr-America Incorporated 4100 Chestnut Avenue Newport News, VA 23605 • Information provided by 757-245-5251 key staff members in the

respective companies Liebherr-International is a holding company with subsidiaries that operate in two product sectors: Construction Machinery and Other. The Company had 2000 sales of $3.7 billion ($2.6 billion to Western Europe; $132 million to Eastern • Annual reports Europe;SAMPLE $113 million PAGEto the Near and Middle East; $496 million to the Americas; $78 million to Africa; and $230 million to the Far East and Australia). Liebherr- • 10-K reports International employed 19,415 in 2000.

In 2000, sales for the Company's Construction Machinery sector were $2.3 billion. • Security analysts reports The sector's products are organized into three lines: construction and mobile cranes; excavators, crawlers, loaders and mining trucks; and concrete equipment. Moreover, the Company manufactures parts for construction machinery. For • Corporate product literature example, Liebherr Machines Bulle SA (Bulle, Switzerland), a subsidiary, is engaged in the production of diesel engines, hydraulic components and transmissions. Liebherr is the seventh largest manufacturer of heavy construction equipment in the world, with a three-percent market share in 2000.

Construction & Mobile Cranes -- In 2000, product developments included two new lines of cranes: TT and H. Combined sales for construction and mobile cranes in © Copyright by The Freedonia Group, Inc.

World Heavy Construction Equipment #1468 Freedonia Industry Study 10 Astec Industries Incorporated (Ingersoll-Rand Company - continued) American Augers Neal Manufacturing Carlson Paving Products Sambron Companies Roadtec Superstav Trencor Iran Tractor Manufacturing Company Profiled Atlas Copco AB Ishikawajima-Harima Heavy Industries Co. Ltd. Chicago Pneumatic Tool JCB Limited Kango Electric Tools Bamford (JC) Excavators Prime Service Escorts JCB Rental Service Corporation JLG Industries Incorporated Bharat Earth Movers Limited Gradall Industries Caterpillar Incorporated Limited 10G LLC Kobelco Construction Machinery Bitelli Komatsu Limited Hindustan Powerplus Bangkok Komatsu Company Shin Caterpillar Consolidated Diesel Chelyabinsk Tractor Group Hensley Industries VU-TRAC Industrial Power Alliance CMI Corporation Komatsu Engine Barton (RM) Company KRANEKS International Bid-Well L&T-Komatsu Cifali & CIA PT Komatsu Indonesia Cummins Engine Company Incorporated Corporation Consolidated Diesel Liebherr-International AG Cummins Komatsu Engine Manitowoc Company Incorporated European Engine Alliance Femco Machine Industrial Power Alliance Pioneer Holdings Komatsu Cummins Engine Potain Daewoo Heavy Industries & Machinery Limited Powerscreen USC Deere & Company USTC ReGen Technologies Metso Corporation Sunstate Equipment Dynapac International Fiat SpA Mukand-McNally Wellman Case Corporation Svedala Industri CNH Global Mitsubishi Heavy Industries Limited Consolidated Diesel Shin Caterpillar Mitsubishi European Engine Alliance Sakai Heavy Industries Limited Fiat- Heavy Equipment PT Sakai Indonesia Fiatallis Siemens AG Iveco Atecs-Mannesmann L&T-Case Equipment Demag Mobile Cranes LBX Company Mannesmann Dematic New Holland Sumitomo Heavy Industries Limited O&K Orenstein & Koppel Fiat-Hitachi Heavy Equipment Gehl Company LBX Company Mustang Manufacturing Link-Belt Grove Worldwide LLC Tadano Limited National Crane FAUN Herrenknecht Tunnelvortriebstechnik AG Tata Group HighTech Tunnelling Systems Telco Construction Equipment Hitachi Limited Terex Corporation Euclid-Hitachi Heavy Equipment EarthKing Fiat-Hitachi Heavy Equipment Fermec Holdings Furukawa Kenki Franna Cranes Hefei Hitachi Excavators Textron Incorporated Siam-Hitachi Construction Machinery Compact Technologies Hyundai Group OmniQuip Textron Ingersoll-Rand Company Sky Trak International Allgemeine Baumaschinene-Gesellschaft ThyssenKrupp AG Blaw-Knox Berco Bobcat Company Krupp Berco Bautechnik Melroe Volvo AB Montabert Xiamen Engineering Machinery Co. Ltd.

World Heavy Construction Equipment #1468 Order form on last page 11 Forecasting Methodology

Freedonia does not just collect and reprint data; Freedonia develops data. Our analysts thoroughly investigate an industry by extensively interviewing key industry participants and analyzing information from sources such as associations, govern- ment and trade literature. Once this The Freedonia research is complete, Freedonia establishes Economics Group Freedonia one set of forecasts. All writing, editing In-house Research Consistent framework and forecasting is done in-house to assure of indicators on . . . • Quantitative forecasting quality and consistency. In cases where • Fixed Investment • Industry structure & market • Gross Domestic Product data does not exist, Freedonia develops the share analyses • World Population • Product analyses & forecasts data based on input/output ratios, bills of . . . and many others materials and flow charts. The following chart summarizes Freedonia's methodology.

Methodology for World Heavy Construction Equipment

Proprietary Extensive Interviews Electronic Database • Key participants • Trade publications • Industry experts • Government reports • End-users • Corporate literature • Online databases . . . and many others

World Heavy Construction Equipment #1468 Freedonia Industry Study 12 The Freedonia Group, Inc. is a leading international industry study/ About database company. The Freedonia Group Since 1985, Freedonia has published over 1,600 titles covering areas such as plastics, chemicals, coatings and adhesives, building materials, industrial components and equipment, health care, packaging, household goods, security, and many other industries.

Freedonia has produced a wide variety of titles, including:

• World Diesel Engines • World Bearings • Prefabricated Housing • Power & Hand Tools

Because Freedonia is a reliable information source, our forecasts are cited in numerous publications such as The Wall Street Journal, The Financial Times and Construction Marketing Today.

Advantages In-house operations of Freedonia Reports Because all of our staff work at the same location, interaction between analysts and departments provides a strong system of checks and balances.

Consistency Our Economics Group develops indicators that are used by all analysts. Therefore, every Freedonia study is based on a consistent set of economic assumptions (GDP, global population, fixed investment, etc.).

Reliable forecasts Because all of our forecasts consider the environment in which a product or industry is operating, as well as threats and opportunities to the market, Freedonia forecasts are reliable indicators of future performance.

One-on-one interviews All studies are produced by conducting interviews with key industry participants and end-users.

Proprietary electronic database Freedonia’s analysts can tap into an extensive in-house electronic database containing corporate literature (including private company information), trade publications, government reports and many other sources of information.

World Heavy Construction Equipment #1468 Order form on last page 13 About Our Customers Freedonia's clients include major US and international companies in the manufacturing, services, consulting and financial sectors.

Typical purchasers of Freedonia studies :

• Key Executives • Corporate Planners • Market Researchers • Financial Analysts • Information Centers • New Product Developers • Merger & Acquisition Specialists

Since 1985 we have provided research to customers ranging in size from global conglomerates to one person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia research to help with their strategic planning.

Some of Freedonia's customers in the heavy construction equipment industry include: Atlas Copco AB, Caterpillar Incorporated, Deere and Company, and Hitachi Limited.

World Heavy Construction Equipment #1468 Freedonia Industry Study 14 Power & Hand Tools This study forecasts the US market for power tools (e.g. electric, pneumatic, engine driven) Related Studies and hand tools (e.g. hand service types, edge tools). In addition, demand is forecasted by mar- From Freedonia ket (e.g. construction, automotive aftermarket, consumer). Historical data (1990, 1995 and 2000) and forecasts to 2005 and 2010 are pre- World Bearings sented. The study also analyzes economic trends The world market for anti-friction bearings will and other market environment factors impact- grow 6.5% through 2005. Accelerating capital ing demand, details industry structure, evaluates investment in most developing regions and ris- For more information about market share and profiles key companies. ing average prices due to improved quality will #1478...... 10/01...... $3,800 drive gains. Asian bearings markets will perform these or other Freedonia titles, well, particularly China and India, while the strongest regional gains are expected in Latin please contact us at: American and Eastern Europe. This study ana- World Diesel Engines & Parts lyzes the world bearings industry to 2005 and The Freedonia Group, Inc. World demand will grow 5.5% an- 2010 for six regions and 31 countries. It also nually through 2005. Gains will be driven by the profiles key firms and evaluates market share. Phone: (440) 684-9600 lower price of diesel fuel relative to gasoline in #1441...... 7/01...... $4,500 (800) 927-5900 Western Europe, and the greater fuel efficiency of diesel engines versus gasoline engines in gen- Fax: (440) 646-0484 eral. The stationary segment (e.g., industrial, power generation) will grow the fastest world- wide. This study analyzes the US$73 billion World Power Tools world diesel engine industry to 2005 and 2010 World demand for power tools will grow 5.8% per by application, region and for 26 countries. It year through 2005. Gains will result from rising also details market share and profiles key firms. construction spending in developing nations and the #1476...... 10/01...... $4,500 popularity of large home center stores and “do-it- yourself” home repairs in developed countries. Elec- tric tools will remain dominant and grow the fast- est, especially electric saws. This study analyzes the Prefabricated Housing US$18.5 billion world power tool industry to 2005 US demand for manufactured, panelized, modu- and 2010 by product, region and for 22 countries. lar and precut housing will outpace site-built It also details market share and profiles leading firms. housing through 2005, when prefabricated will #1419...... 5/01...... $4,500 account for 30% of all housing starts. The cost advantages of factory production such as im- proved scheduling, bulk purchasing of materials, and insulation from weather delays, will aid de- mand. This study analyzes the $17 billion US prefabricated housing industry to 2005 and 2010 World Prefabricated Housing by product and region. It also presents market World demand for prefabricated housing will share data and profiles leading producers. reach 1.3 million units in 2004. Gains will be #1458...... 8/01...... $3,600 bolstered by housing activity in developing Asia/ Pacific and Latin America, where prefabricated housing will find use as both low-cost units to reduce shortages and as high-quality, well-insu- Diesel Engines & Parts lated houses for well-to-do consumers. This study US demand for diesel engines and parts will grow analyzes the US $54 billion world prefabricated 4.8% through 2005. Value gains will be pro- housing industry to 2004 and 2009 by type, mar- pelled by technological innovations resulting ket and region, and for 19 countries. It also de- from rising emissions standards. Opportunities tails market shares and profiles key companies. for growth will also be driven by demand for #1370...... 1/01...... $4,300 niche products such as power generation and mining equipment, as well as further develop- ment of the light-duty trucks market. This study analyzes the $14 billion US diesel engine indus- try to 2005 and 2010 by product and market. It also evaluates market share and profiles key firms. #1448...... 7/01...... $3,600

World Heavy Construction Equipment #1468 Order form on last page 15 How to Order

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