According to the data of off highway research, a professional prediction and market research company, the sales of construction machinery and equipment in North America increased by 23% in 2021, and the sales of nearly 295000 units reached a record high in the U.S. and Canadian markets.
Chris sleight, managing director of off highway research, said: "last year, the booming real estate market promoted the sales of small equipment, especially compact crawler loaders and small excavators. At the same time, because these are high-volume products, the quantity is very observable."
According to sleight, in the past 20-30 years, the market demand has gradually tilted towards small equipment, and the process is slow but clear.
"If you go back to the 1990s, you will find that only about one-third of the equipment sold is what we now call small equipment - equipment weighing about 5-6 tons or less, most of which are skid steer loaders. Fast forward today, about two-thirds of the market is small equipment. Small excavators have been the market leader since the beginning of the 21st century. Small crawler loaders have eaten a lot in the past 10 years The market share of skid steer loaders and found new application conditions and customer groups. " Chris sleight said.
Looking ahead, off highway research predicts that the sales volume of small equipment will further increase in the next two to three years.
"Over the past two years, all developments in the North American construction machinery market have basically relied on residential construction. Although the expectation of rising interest rates may inhibit the growth of real estate, it is still a promising market. More importantly, the specific implementation of the infrastructure investment and Employment Act (iija) in the future (the bill is a super trillion dollar investment plan passed in early November 2021, which will provide $550 billion in new investment in transportation projects, public power grid and broadband; including $110 billion for roads, bridges and other projects, $66 billion for passenger and freight railways and $39 billion for public transportation), which will greatly boost the investment confidence of contractors and leasing companies, Open the market for more large-scale equipment to obtain the approval of Party A. "
