In June 2021 the retail sale of construction and earthmoving equipment was 75% higher than the same period in 2020, according to the latest from Construction Equipment Association (CEA).
According to CEA, sales in Q2 were more than double the levels seen last year and reached over 10,000 units during the quarter. For the first half of the year, sales were over 18,000 units, and are 73% ahead of the levels seen in the first half of last year.
Comparisons with sales in earlier years indicate how buoyant the market has been in 2021, with sales are ahead of both 2018 (by 4%) and 2019 (+7%) in the first half of the year. Like many other industries, the sector is still experiencing supply chain shortages and price rises for many products and materials. High levels of equipment sales in the face of this demonstrate the underlying strength of current demand in the construction market.
The pattern of sales for the major equipment types in the first half of the year is shown in chart 2 below. This shows that the strongest growth in sales has been experienced by Telehandlers (for the construction industry), with sales more than double last year's levels in the first six months. This is a welcome bounce back after showing the weakest performance amongst the major equipment types in 2020 when sales were over 40% below 2019 levels. Mini/Midi excavators (up to 10 tonnes) have had the opposite experience, after being the strongest performing product last year. Sales in the first six months of this year have shown 58% growth compared with last year, and lag behind all the other major equipment types in % growth terms. However, Mini/midi excavators remain the most popular equipment type by a significant margin.
The construction equipment statistics exchange covers sales on a regional basis in the UK and N Ireland. The map shows the percentage differences for sales in the main regions in the first half of 2021 compared with the same period last year. This shows that sales have been strongest in the North West of England and in Scotland, where sales have been more than double the levels seen in the first half of 2020. In contrast, weaker sales have been experienced in the West Midlands and Wales, where sales have been less than 35% above last year's levels.
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