The 2020 Covid-19 pandemic saw construction equipment sales in Ireland fall some 25 per cent from their peak in 2019. However, according to Off-Highway Research’s new Country Analysis on the market, demand should quickly reach and surpass that recent high.
Prior to the Covid-19 outbreak, equipment sales in Ireland had been expected to grow 5 per cent in 2020. However, the effects of the pandemic and lockdown saw the market fall back to levels last seen in 2016.
The fact that demand in Ireland was on a growth trajectory prior to the pandemic means that demand should rebound quickly in 2021, and then go on to move past the recent peak seen in 2018. However, sales will begin to flatten out, and demand is expected to stabilise in the early 2020s at just below 3,000 machines per year.
At 112 pages, Off-Highway Research’s new report is believed to be the most extensive and detailed ever published on the construction equipment industry in Ireland. It includes analysis of both sales and production of equipment across 14 major categories, alongside profiles of the country’s major construction equipment producers and distributors. It also includes an overall five-year sales forecast for the country, broken down and analysed by each equipment type and sub-type.
Off-Highway Research’s new country analysis on the construction equipment industry in Ireland is now available to download for subscribers to the European Service, who can login here. It can also be bought by non-subscribers – click here or more details.
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