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Although, for other construction equipment such as earthmoving and road equipment, only 70% of manufacturers anticipate a positive growth and, component manufacturers in 80% of the major companies are also planning a higher increase. However, concrete equipment producers expect to see a far lesser growth. Nevertheless, the construction industry is getting smarter with improved digitalization, connectivity, and automation, and the future remains bright. There are, Portela believes, big gains to be made from online auction used construction equipment sales, thanks to the merger of Cat Auction Services and IronPlanet in December 2014.

• In addition, with growing advanecment in the used crane landscape, OEM are offering connected technology to integrate the cranes with cloud to keep monitoring the equipment from away.
• Together, CECE and ICEMA promise to work toward greater cooperation in the areas of regulatory convergence, information sharing, and market openness.
• The new L20 Electric from Volvo CE is a 4.5-ton wheel loader with a 1.8-ton payload and a 1.65-meter track width.
• Auctioneers which is a leading global asset management, auctioneer, and services company announced that it has discontinued the operation of its wholly owned indirect subsidiary, Ritchie Bros.

UK construction outputs in 2019 were 20% lower than pre-crisis levels in 2007. Spain and Italy in particular, but also Ireland and Portugal, dragged down Europe overall.

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Europe Used Construction Machinery Market was valued at USD 21.87 billion in 2021 and is expected to surpass a net valuation of USD 30.43 billion by 2027 end, registering a CAGR growth of 4.20% over the forecast period. Eduard Faig, regional sales manager for Ritchie Brothers, said the event set new Dubai records for the total number of onsite bidders , and for the number of online bidders . It was a great meeting with really good offers to increase the sales of our company.

What is Europe Used Construction Machinery Market size in 2018?

The growing availability of technologically advanced construction equipment rental is fuelling demand for rental services in public infrastructure projects. Construction equipment rental companies in Europe include A Plant, Aggreko, Banner Plant, Fork Rents, Hawk Hire, Hewden Hire, HSS, Land & Water, Liebherr Rental Division, Lynch, Ridgway Rentals, Speedy Hire, Volvo Rents, and HeavyRentalz. The EU’s strategy of building over 300 smart cities in the region by 2021 https://dailynationtoday.com/who-was-the-victim-of-jeffrey-dahmer-curtis-straughter/ will provide new opportunities for market players. Factors such as strict labour safety laws in several European countries, including Germany, France, and the UK, will further strengthen the regional industry share. Construction OEMs with strong presences, such as Liebherr Group and Volvo, support the expansion of the construction equipment rental industry across Europe. Are currently investing in the development and automation of road transport and railways.