Holt, G D and Edwards, D J (2013) Analysis of United Kingdom off-highway construction machinery market and its consumers using new-sales data. Journal of Construction Engineering and Management, 139(5), pp. 529-537. ISSN 0733-9364
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) (volume/portfolio) 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).
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | demand; machinery; market sector; sales; supply |
| Index terms: | United Kingdom, time series, construction output, housing, consumption, modelling, highway construction |
| Subjects: | Geography, civil engineering, consumer economics, construction type, data science, analytical methods, operations management |
| Topics: | Stakeholder Management, Construction Technology, Research Practice, Geographical Context, Project Management, Engineering Principles |
| Descriptive scope: | 3 PCT |
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