Analysis of United Kingdom Off-Highway Construction Machinery Market and Its Consumers Using New-Sales Data
Publication: Journal of Construction Engineering and Management
Volume 139, Issue 5
Abstract
The off-highway construction machinery market and its consumers have attracted minimal previous research. This study addresses that void by analyzing annual United Kingdom (UK) () new-sales data for the 10 most popular products within that market, 1990–2010 inclusive. Graphical, descriptive statistical, Pearson-correlational, autocorrelational, and elementary modeling are employed to identify contrasts in sales regarding (1) high- and low-volume items; (2) growth trends and significant recessionary effects on volumes; (3) a demand change point circa 1997, since when annual product portfolio has changed little; and (4) product associations in consumer demand. Significant association is demonstrated between demand and construction output, especially with the value of new housing. Subsequently, consumption of wheeled loaders is modeled using construction volume, and demand for mini and crawler excavators is modeled using new-housing data. Time series trends for these machinery types are presented and forecast through 2015. The primary contribution of this study is a deeper understanding of the UK new-machinery market and the predilections of its consumers over the last two decades (to present).
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Acknowledgments
The authors acknowledge the constructive comments of the anonymous reviewers, which helped improve the paper considerably.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 139 • Issue 5 • May 2013
Pages: 529 - 537
Copyright
© 2013 American Society of Civil Engineers.
History
Received: Jan 5, 2012
Accepted: Jul 17, 2012
Published online: Jul 26, 2012
Published in print: May 1, 2013
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