In 2010, bauma, the International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines, Construction Vehicles and Construction Equipment, is set to attract the highest number of exhibitors since launch. According to the latest plans, there will be space to accommodate more than 3,000 exhibitors at the 2010 event. The higher capacity comes from the provision of extra space in the form of temporary halls on the open-air site, from new and existing joint stands and due to some of the regular exhibitors altering their space requirements. Nevertheless, according to the Exhibition Director Georg Moller, it will not be possible to meet in full all the requests for space: "We are particularly pleased about the level of interest from Chinese, Turkish and in particular the Indian exhibitors –India being the partner country of bauma in 2010. In some cases we have received double the number of requests for exhibition space from these countries than in 2007," he summed up. Exhibitors from Europe, too – for example, Italy, Great Britain and the Netherlands – will again be taking the top slots in the international exhibitor ranking for bauma 2010.
All this is a strong indicator that the industry worldwide is looking forward with confidence to the leading world trade fair, bauma 2010, which takes place from 19 to 25 April 2010 in Munich.
Prospects for the building and construction industry worldwide in 2010
Thanks to extensive government economic stimulus programmes, aimed to a considerable extent at the construction sector, activity in construction has picked up better in most industrial and emerging countries than the economy as a whole. For 2010, but increasingly so for 2011, it is expected that most countries will see a revival in activity in the building and construction sector.
In Europe a slight fall of 1 percent in building production is still expected in 2010. But this is due solely to the poor development in commercial construction. Civil engineering, by contrast, is expected to grow by 2.7 percent, mainly because of the extensive economic stimulus programmes in many member states of the EU. In 2011 building investment is predicted to expand by 2 percent Europe-wide, again driven by investment in civil engineering projects, contributing 3 percent growth. The slight downturn in overall production in 2010 is due to the negative effect from countries like Spain, Ireland, Finland and Portugal, where prices have fallen dramatically following the end of the boom in residential property. In the reform economies of Central Europe, however, growth in construction activity is set to expand by 6 percent as early as 2010, accelerating to 10 percent in 2011. The engine behind this growth, some of it double-digit, will continue to be Poland.
In Russia building activity has increased considerably during the last decade, thanks to surging income from oil and gas exports. Within just five years, for example, the number of new apartments coming onto the market leaped by over 50 percent. In 2008 the Russian construction reached a volume of around 130 billion euros, which is 11 percent of GDP. However, Russia has also been affected by the international economic crisis, coupled in this case with rapidly falling income for the state from energy exports, due to falling prices on the world market. Nevertheless building activity overall has stayed stable in 2009, a downturn of around 5 percent is, however, expected for 2010, followed in 2011 by modest growth.
At around 730 billion euros, the building and construction market in the US remained the most important in the world. Following a downturn in the current year, real GDP is expected to rise again in 2010, by 1.5 percent. Which means the US is emerging from recession more quickly than generally expected. Following the severe drop in building production in 2007 to 2009, a slight increase is expected next year, picking up strength in 2011. Government building activity will increase, particularly in civil engineering projects, thanks to the economic stimulus programmes. New residential construction is expected to stabilise, while a more marked downturn is expected in commercial construction.
Following exorbitant growth rates in the last fifteen years, China´s volume of building investment reached around 550 billion euros in 2008, making it the second largest building market in the world. The Chinese government has also reacted to the economic crisis by launching wide-ranging economic stimulus packages with a focus on investment in state infrastructure. Overall China is coming through the global economic crisis much better than the industrialised and emerging economies. Economic research institutes are expecting real GDP in China to grow by 8 percent in both 2009 and 2010. In building investment the growth is likely to be slightly higher still, as the Chinese government is holding firmly to its ambitious investment programme in infrastructure. The strong dynamism on the Chinese construction market is also expected to continue overall.
The Indian construction market is not of the same size as the markets mentioned above, with the level of investment in the industry in 2008 coming in at around 130 billion euros. However its rate of growth was almost as impressive as that of China: between 1998 and 2008 activity in building and construction rose by around 140 percent. And this dynamic pace is set to continue. According to forecasts by the economic research institutes real economic output in India is set to expand by a good 6 percent in both 2009 and 2010. In the current Five-Year Plan (to 2012), around 330 billion euros are being invested in the expansion of the road and rail network, the construction of new sea ports and airports and in improving energy and water supplies. During this period growth in investment in construction is expected to reach around 10 percent per annum.
bauma in brief
A record 555,000 square metres and more of indoor and outdoor exhibition space (gross) at the New Munich Trade Fair Centre are being dedicated to a display of the latest products from the international construction, building-materials and mining machinery sectors between 19 and 25 April 2010. More than 3,000 exhibitors are expected to make use of this event, the world´s biggest trade fair for the sector, as a platform for innovations and marketing. For further information on bauma, go to: www.bauma.de
Construction Machinery Trade Fairs of Messe München International (MMI)
In addition to the world´s leading trade fair, bauma in Munich, Messe München International´s core competence in the organisation of international trade fairs for construction machinery is also demonstrated by bauma China, the leading event of its kind in Asia. bauma China takes place every two years in Shanghai.
For further information on the regional events in the construction machinery trade fairs portfolio of the MMI Group, click here.
Messe München International (MMI)
Messe München International (MMI) is one of the world´s leading trade-fair companies. It organises around 40 trade fairs for capital and consumer goods, and key high-tech industries. Each year over 30,000 exhibitors from more than 100 countries, and over two million visitors from more than 200 countries take part in the events in Munich. In addition, MMI organises trade fairs in Asia, Russia, the Middle East and South America. With six subsidiaries abroad – in Europe and in Asia – and 64 foreign representatives actively serving over 90 countries, MMI has a worldwide business network. Environmental protection and sustainability are key priorities in all MMI´s operations, at home and abroad.
Further information: www.messe-muenchen.de