CEMA Forecasts Construction Equipment Demand for Fiscal 2018 to Surpass 2 Trillion Yen

Shipment values of construction equipment are forecast at 2.78 trillion yen ($25.27 billion) in fiscal 2018, down 2 percent year-on-year, according to the Japan Construction Equipment Manufacturers Association (CEMA). Despite a decrease in demand, CEMA is forecasting shipment values to surpass the high mark of 2 trillion yen for the second year in a row. Shipment values in the domestic…