Equipment sales last year were worth almost US$1 billion
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The last three years saw a peak in sales, but volumes should remain relatively high and China looks likely to continue to be the largest paver market in the world.
Sales in 2021 were the best for more than a decade and buyer preference is shifting away from relatively small machines.
The new edition of ConstructionWorX Digital, the magazine from the UK's Construction Equipment Association (CEA), includes an article from Off-Highway Research on the outlook for global markets. Read it online here: https://lnkd.in/emicuRyV
Off-Highway Research's managing director, Chris Sleight, will give a presentation at the Spanish Trade association's General Assembly in Zaragoza on 28th June.
Sales of mini excavators in Germany exceeded 20,000 units in 2021 for the first time in history. Full order books for suppliers mean similar levels will be seen in 2022.
Sessions will cover the market outlook, supply chain challenges and the future for alternative fuels
The market did not slow down during the Covid pandemic, and there are many positive long-term factors which will continue to drive growth.
Policy drivers and the availability of products are expected to drive a sharp increase in sales of medium-sized electric wheeled loaders in China. However, it will also remain the largest market for traditional diesel-powered loaders for the foreseeable future.