German crawler excavator market cooling

By Chris Sleight |  1 December 2023

Crawler excavator sales in Germany surged in 2021 following the pandemic, but the market slowed slightly in 2022 and will fall again in 2023. But according to Off-highway Research’s new report, The Crawler Excavator Industry in Germany despite sales falling away from the peak volumes should remain reasonable over the medium term.

“The crawler excavator market has remained subject to a high level of demand during the first half of 2023, with sales rising by around 17 per cent compared to the equivalent period in the previous year. It should be noted, however, that demand has been artificially sustained to a large extent by the delayed deliveries of machines caught up in the order backlog from 2022. Significantly, the level of new orders received in the first half of 2023 has fallen by nearly 20 per cent, particularly for excavators above 20 tonnes, and many suppliers now expect that retail sales will undergo a decline in the final quarter of the year,” said the report.

“Off-Highway Research believes that a modest consolidation in demand is likely to take place in 2024, although some suppliers believe that sales volumes could decline by up to 10 per cent. Whilst many observers believe the market is now overheated, significant ongoing investment in the construction, landscaping and digital infrastructure sectors will continue to underpin a high level of demand for midi and standard size excavators in the medium to long term, although the current decline in the housebuilding sector may have a detrimental impact in the short term on sales of midi excavators to the landscaping industry,” it added.

Off-Highway Research’s 48 page report on the crawler excavator industry in Germany is now available to subscribers to Off-Highway Research’s European Service. It is also available to buy on our online store. Click here for details.

It is believed to be the most detailed and in-depth report ever published on the subject, with analysis covering market size, market shares, production, foreign trade, market structure, distribution networks, equipment population, machines available and a five-year forecast.

Contact [email protected] for more details about our reports and subscription packages.



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