The second highest volumes of all time were achieved in 2022 and growth was still evident in every market except China.
Turmoil in the real estate segment had a major impact on equipment sales in 2022 and the issues will take time to fix
Near record volumes of construction equipment were sold in Europe last year./ Although the market will slow, historically high volumes will be maintained.
Off-Highway Research’s new Customer Group Database Service provides information on the different types of buyer for each machine type, and how this has changed over time. Annual sales for each equipment type in each country are broken down into a number of customer groups such as contractors, extraction (mining & quarrying) , rental etc. The breakdown is in terms of both unit sales and the nominal US$ value of the sales.
As well as allowing clients to view individual countries and machine types in isolation, this data can be analysed across multiple countries and equipment to provide insights into the profound changes which take place over time in equipment buying patterns.
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