Construction machinery in big demand
Manama, April 23, 2012
Globally the construction industry is showing signs of being on the up, leading to a revival in construction activity and the resultant demand for all types of construction machinery, said industry experts.
This bodes well for the upcoming Hardware and Tools Middle East exhibition which has introduced an increased focus on machinery for this year's edition which will run from May 8 to 10 at the Dubai International Convention and Exhibition Centre.
According to recent market research, the Bahrain construction sector is likely to grow at an average rate of seven per cent through 2013.
Recent market research indicates that the global market for construction machinery, fuelled by considerable revival in construction activity over the last year, is set to grow at a robust 6.5 per cent annually until 2015, when it is estimated to be worth $171 billion.
"Given the continuing demand in the region due to new contracts being awarded, Hardware and Tools Middle East, the region's international trade fair for tools, hardware, materials and machinery, is now increasing its focus on the machinery section," said organiser Epoc Messe Frankfurt chief executive Ahmed Pauwels.
"The trade fair attracts key buyers and decision-makers from the region and endeavours to meet the needs of this promising market."
The newly-launched machinery segment will spotlight the aluminium, wood, steel, plastic and rubber industries and target engineers, contractors, machinery distributors, traders, building materials and manufacturers to name a few.
Considered the leading dedicated trade fair for tools, hardware, materials and machinery, the exhibition features the latest products in the full range of power and hand tools, measuring tools, pipe and plumbing tools, tool sets and cases, hardwares and consumables, compressors and plumbs, workshop and woodworking machinery.-TradeArabia News Service