(A) of the United States
Since 2013, the construction machinery market in the United States has maintained a moderate recovery. The market size in 2016 reached 100.1 billion U.S. dollars, up 1.0% from the same period of last year. The strong performance of the US real estate industry drove the development of the construction industry and the upstream industry. The Trump administration ambitiously announced a series of stimulus packages, including tax cuts and infrastructural projects, which will provide the impetus for the government's planned investment in infrastructure projects . However, the sluggish output of mining and quarrying in the United States has constrained the recovery of the construction machinery market. In 2017, as the prices of commodities moderately rise, output will rebound at a low level, the U.S. construction machinery market will continue to expand moderately by 1.2% to US $ 101.35 billion.
(Two) the United Kingdom
In 2013-2016, the construction machinery market in the UK showed a sharp increase. Affected by the Brexit referendum in 2016 and the drastic devaluation of the British pound, the construction machinery market shrank by 1.2% to 30.89 billion U.S. dollars. The strong performance of the service sector has stabilized the overall economic situation after the Brexit vote, but the debt and deficit are still huge, and the devaluation of the pound has led to rising inflationary pressures. The tough negotiations between the United Kingdom and the EU on delisting will start in the near future. The risk of uncertainty will increase in the short to medium term. It is estimated that the construction machinery market in Britain will face a corresponding test in 2017. The market may rebound weakly and will experience a negative growth of 1.6%. The market Scale down to 303.8 billion US dollars.