European Construction Equipment Markets: A Review of 2017 and a Forecast to 2022

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European Construction Equipment Markets: A Review of 2017 and a Forecast to 2022

Off-Highway Research's Annual Reviews are summaries of construction sold by product type and by country looking at the last five year's sales data and looking forward for the next five years.

Typical coverage includes: Country Analyses (fifteen European countries), Equipment Analyses (fifteen product types), Production Analyses and International Prespectives.

Although economic growth in Europe remained lacklustre in 2017, it did accelerate compared to the weak performance of 2016. This combined with the gradual improvement in business confidence and the continuing environment of low interest rates to stimulate a second consecutive year of double-digit growth in Western European equipment sales.

Sales rose 13 per cent to 160,562 units. This took demand to its highest level since the global financial crisis, although it was still some 25 per cent lower than the remarkable peak of 210,000 units sold in 2007. However, the boom of the mid 2000s took the market to unsustainably high levels, resulting in a prolonged and painful crash. At today’s volume of around 160,000 units, the European market can be regarded as being healthy, buoyant and more or less at its full potential.

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