Diesel engines market

For the construction equipment market in 2018, we anticipate that unit sales in Europe and North America will each grow within a range of 5 to 10 per cent while the Chinese market will expand by up to 20 per cent. We anticipate the same rates for the material handling market. For the agricultural machinery market, we predict slight expansion of up to 5 per cent in Europe and North America and stagnation or a small contraction of the Chinese market (between 0 per cent and a decline of 5 per cent). We also expect the light and medium-duty truck sector in China to generate a low level of growth of up to 5 per cent.

On 1 January 2019, the Stage V emissions standard comes into force in the European Union for engines of less than 56 kW and engines of more than 130 kW. It will apply to engines between 56 and 130 kW from 1 January 2020. Experience shows that, in the run-up to a new emissions standard, installation customers significantly increase their inventories and therefore buy fewer engines in subsequent periods.