American Cranes & Transport reported economic forecasts and analysis of the cranes and heavy transport sector point to a cautiously optimistic outlook for 2012, according to a webinar produced in partnership between the Specialized Cranes & Rigging Association (SC&RA) and KHL Group.
Global construction is expected to grow between 4% and 5% in 2012 led by emerging markets in Asia and Latin America and improvement is also expected in the U.S. non-residential market. This growth should feed through to companies in the lifting and heavy transport sector according to this report.