A strong bauma 2010 could support change in atmosphere
Dr. Christof Kemmann, Chairman of the VDMA Construction Equipment and Building Material Machinery Industry Association, measures to reduce cost are therefore vital. Simultaneously, they have to prepare for the time after the crisis. Dr. Kemmann expects bauma 2010 to more than underline once again its reputation of being a trade fair for innovations. More than 200 applications for the bauma Innovation Award 2010 have already given a foretaste of this.
Construction equipment and building material machinery – Drop in sales and capacity utilization in 2010
As regards incoming orders, the German companies belonging to the construction equipment and building material machinery industry are slightly optimistic at this early point in time. The lowest point seems to have been reached in the course of 2009. Throughout the entire year, the amount of incoming orders and industry-wide sales dropped by about 50% on average. Due to this, the current volume equals that of 2005. The decreasing number of orders in construction equipment and building material machinery throughout 2009 will still have a delayed effect in 2010 as lead times have become significantly longer also. Many manufacturers will have to face decreasing sales and capacity utilization.
Mood brightening up – Long-term prospects worldwide are positive
Dr. Kemmann stressed that growth rates similar to the ones the industry saw between 2003 and 2008 are not to be expected for the time being. This was due to four reasons:
› The growth during the boom phase was higher than the real demand
› The forecasts for the European construction industry are on the low. Sustainable growth is not expected before 2011
› Worldwide there are still high stocks of “young“ second-hand machinery available and the fleets of machinery currently in use are still relatively new
› Financial support by banks, however urgently required, is still rather difficult to achieve
India – Partner country of bauma 2010
India will be the recurrent theme of this year‘s bauma. The German Engineering Federation (VDMA) and Messe München GmbH personally invited more than 100 executives and representatives of important Indian construction and mining companies to come to Munich. 4 000 Indian specialist visitors are expected to attend the fair. The aim is to promote dialogue between users and providers of technical solutions and to build business relationships, said Dr. Kemmann. At the bauma forum, VDMA is offering additional “country spotlights“ on Russia, Asia and Latin America from the second to the fourth exhibition day.
