Forecasting the construction equipment market in the US requires analyzing a blend of Macroeconomic factors, such as Inventory and sales of building materials, number of started housing units, and GDP growth.
By considering these factors and regularly monitoring industry developments, you can improve the accuracy of your forecasts and make informed decisions.
Time taken to
identify most
relevant indicators
Relevant
leading
indicators
MAPE
forecast
accuracy
This variable provides insights into the demand-supply balance, production activity, lead-lag relationships, market sentiment, seasonal variations, and the interconnectedness of the construction materials and machinery sectors.
This provides valuable insights into market dynamics, consumer confidence, spending trends, and seasonal patterns, all of which can impact the level of new orders received by manufacturers for construction machinery.
Hitachi Construction Machinery is a prominent player in the construction machinery industry. If Hitachi Construction Machinery experiences significant changes in their sales or order volumes, it can be indicative of broader market conditions and potentially influence the demand for construction machinery.
Enter your business email and we will send a summary of the forecast
We are an automated forecasting software that bridges the latest statistical models from academia with the specific leading indicators in an organization's market environment. Helping your organization achieve the highest forecast accuracy.
© 2025 Indicio Technologies All Rights Reserved