Record-breaking year for equipment sales

26 April 2022

Global equipment sales hit a record high in 2021, and demand will remain strong as order backlogs are fulfilled. Beyond that, it is not clear what impact the war in Ukraine will have on inflationary pressures, writes the team at Off-Highway Research

The rebound in global construction equipment sales, which began in the second half of 2020, continued almost unabated last year. As a result, a record of nearly 1.2 million pieces of construction equipment were sold around the world in 2021 – a 9% rise on the figure in 2020, which…

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Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]

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Mini excavator

Global mini excavator sales since 2002 (Photo: Off-Highway Research)

Sales of construction equipment by region

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Equipment sales

Sales of construction equipment by region (Photo: Off-Highway Research)

Sales in China are expected to drop in 2022 – but this is from a very high level

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China equipment market

Sales in China are expected to drop in 2022 – but this is from a very high level (Photo: Off-Highway Research)

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Wheeled loader

Sales of wheeled loaders account for approximately 15% of global equipment sales (Photo: Off-Highway Research)

The construction industry is proving resilient in the face of problems with supply chains, rising material costs and a shortage of workers

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AdobeStock

The construction industry is proving resilient in the face of problems with supply chains, rising material costs and a shortage of workers (Photo: AdobeStock)

The only major market to fall last year was China, which fell by 6%

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AdobeStock

The only major market to fall last year was China, which fell by 6% (Photo: AdobeStock)

Excavators are the world’s most popular piece of construction equipment

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VolvoCE-International-Press-Information--EC550E-T3-excavator-2.jpg

Excavators are the world’s most popular piece of construction equipment (Photo: Volvo)