Responsive Image Banner

CECE survey paints bleak picture

Premium Content

29 April 2020

The latest survey by CECE (Committee for European Construction Equipment) paints a bleak picture of the region’s construction equipment market, with 61% of OEMs reporting significant reductions in production and a further 15% at zero production.

The survey – conducted between 23 and 27 April – shows that OEMs are facing a customer base severely impacted by the crisis, with OEMs reporting only 5% of contractors working fully, and just 20% of dealers and 11% of rental companies operating at full capacity. The proportion of customers not working at all remains low – less than 5% in the case of both contractors and dealers – but it was a significant 15% of rental companies.

cece-pic2

Impact on production levels.

CECE said; “In all categories of the CECE flash survey on Covid-19, there is an evident deterioration of the situation compared to last month’s and the current focus on market demands is a powerful warning sign that the worst is yet to come for the industry.”

In terms of sales expectations for the year, 60% of OEM respondents expect a decrease of between 10% and 30%, with a further 25% forecasting a fall of more than 30%. Some 12% are expecting falls of up to 10%.

Manufacturers also reported on the levels of employment in their businesses, with almost half reporting that less than 50% of their normal workforces were in place. Just short of a third said that 70-100% of their workers were active, and 22% reported between 50% and 70% of employees working.

cece-pic1

Expectations for sales of equipment in Europe in 2020.

Two thirds of inactive workers are being supported by temporary government measures.

STAY CONNECTED


Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Latest News
IAPA 2026 judges announced
Five industry experts will consider entries ahead of Istanbul event 
New Pekkaniska truck mount division and Multitel supply deal
Finnish rental major chooses Multitel Pagliero as its exclusive supplier
Off-Highway Research publishes indepth China access report
A new report from Off-Highway Research delves into China’s dynamic powered access industry
CONNECT WITH THE TEAM
Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]
Lucy Barnard Editor, Rental Briefing Tel: +44 (0)1892 786 241 E-mail: [email protected]
Ollie Hodges Vice President, Sales Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA
International Rental News newsletter

Rental Intelligence — When You Need It, How You Need It

Stay ahead with industry trends, expert insights and global news — in your inbox.

Sign me up