CECE’s strong figures for construction machine sales

CECE at bauma presents latest figures and plans for next 5-years EU legislative term The European association of construction machinery manufacturers (CECE) states that 2018 was the strongest year for the construction equipment sector since the economic crisis. CECE’s figures show that sales on the European market grew by 11% and the absolute market levels are now only 10% below the 2007 peak. Enrico Prandini, CECE president, said: “The European construction equipment industry can continue its business in
April 15, 2019 Read time: 2 mins

3399 CECE at 688 bauma presents latest figures and plans for next 5-years EU legislative term

The European association of construction machinery manufacturers (CECE) states that 2018 was the strongest year for the construction equipment sector since the economic crisis. CECE’s figures show that sales on the European market grew by 11% and the absolute market levels are now only 10% below the 2007 peak.

Enrico Prandini, CECE president, said: “The European construction equipment industry can continue its business in a positive mood. The key for the future is market stability with a soft landing expected in 2019.”

“For a long time, CECE has been working to ensure that European politicians and policymakers create better conditions for the construction machinery industry” said Riccardo Viaggi, secretary general of CECE. The European construction equipment industry comprises 1,200 companies from highly specialised SMEs to large European and multinational companies, with revenues of around €40 billion and 300,000 employees.

Introducing the CECE Elections Manifesto, CECE called on the European Parliament, when appointing the European Commissioners for the new 2019-2024 legislature, to ensure that they include industry among their top 5 priorities. Putting industry at the centre of the political debate is key in order to deliver on the much-needed ambition of the EU to have a forward looking Industrial Policy Strategy. European policies around the European Single Market, environmental sustainability, digitalisation and international trade are the major points of interest for the construction sector.

Finance & Funding

For more information on companies in this article

Related Content

  • Wacker Neuson’s strong results for 2019
    March 18, 2020
    Wacker Neuson reports strong results for 2019.
    Read More
  • Intermat show looks strong
    May 9, 2012
    Forward bookings for the upcoming Intermat construction equipment exhibition in French capital Paris are extremely bullish. The organisers say that the show already has a 90% occupancy rate for its exhibition space, a full eight months before the 2012 event, which runs from 16h April to 21st April. The Intermat 2012 event will feature 375,000m2 of exhibition area, including a 20,000m2 outdoor demonstration area. In all 1,500 exhibitors have booked, 67% of whom are international and there will be four nation
    Read More
  • Galliford Try aims to downsize its construction business
    April 25, 2019
    UK construction and infrastructure business Galliford Try is reviewing its construction business with a view to downsizing. “The review will reduce the size of the construction business, focusing on its key strengths in markets and sectors with sustainable prospects for profitability and growth, where we have a track record of success,” the company said in a written statement. “The board anticipates that this review will result in reduced profitability in the current year reflecting a reassessment of
    Read More
  • Construction machine sales to grow worldwide?
    October 28, 2016
    A slow but steady recovery in machine sales worldwide is likely in the next few years, with India being one of the key growth markets for the future. However, this comes after the construction equipment sector has seen significant downturns as well as other major changes worldwide in the last few years, according to David Phillips, managing director of Off Highway Research. He said, “The industry structure has really changed.” Global sales of construction machines were worth around US$93 billion in 2014
    Read More

Highlighted Content