Caterpillar, Doosan look at secondhand market prospects

Construction equipment makers are ramping up cooperation with auctioneers of secondhand equipment in China, because they are suffering from a prolonged sales slump amid this years' slowdown of the country's building boom.

Global major manufacturers of construction machines, such as Caterpillar Inc and Doosan Infracore Co Ltd are looking into businesses in the used gear market, of which the growth has already outpaced that of the new machine market.