Italian construction machine firms see resurgence

The Italian construction machinery builders association, UNACEA, reports a resurgence in demand for equipment during 2017. According to UNACEA’s latest report, the first six months of 2017 have seen 5,109 machines sold in the Italian market, an increase of 6% compared to last year. Looking more closely, sales of earthmoving machines grew 6% with 4,910 machines sold, while sales of road equipment increased by 9% with 199 machines sold.
July 25, 2017 Read time: 2 mins

The Italian construction machinery builders association, UNACEA, reports a resurgence in demand for equipment during 2017. According to UNACEA’s latest report, the first six months of 2017 have seen 5,109 machines sold in the Italian market, an increase of 6% compared to last year. Looking more closely, sales of earthmoving machines grew 6% with 4,910 machines sold, while sales of road equipment increased by 9% with 199 machines sold.

"The Italian market continue to grow, albeit at a moderate pace,” commented Paolo Venturi, president of Unacea. He added that the recovery of the building market provides a sign of an increasing confidence in the construction industry. However he cautioned that political and economic instability remains a perceived concern, both from companies and foreign investors.

According to the foreign market monitor of the 323 Samoter Outlook, the international demand for Italian earth moving machines and attachments grows; export of this sub-sector, between January and July 2017, reached €359 million, up 9% from the previous year. Exports of crushing and screening equipment grew 28%, while exports of road machineries grew 8%. Exports of tower cranes remains stable, but the trend is negative for drilling machines with a drop of 31% and also for concrete equipment with a drop of 4.6%. In addition construction machine imports grew 14.5% and this market was worth €230 million in the first seven months of the year.

Looking at regional trends, there has been a recovery of the Russian market, whose trade exchange with Italy had undergone an abrupt slowdown, due to the deterioration of the international relations with the 3287 EU. From January to July, the share of construction equipment export to Russia reached €18 million, up 47%. Same positive trend for India, which tripled its share and grew 166%. Positive too were intra EU exports, up 12%, as well as exports to Asia, Latin America and Oceania. However, exports to the USA, the Middle East and North Africa declined.

Finance & Funding

For more information on companies in this article

Related Content

  • The market is due for a slowdown
    December 13, 2012
    There is nothing that fuels economic uncertainty like economic uncertainty. Lack of confidence amongst investors ensures a reluctance to invest, and that is a common problem for many of the markets around the world at present. The financial crash that started in the US in 2008 and then spread to Europe is an economic malaise that has lasted longer than previous recessions and has had a wider effect for the world economy. Europe has been hard hit and speaking at the recent Committee for European Constructio
    Read More
  • Report highlighights global construction improving
    April 6, 2016
    According to a new report from Timetric’s Construction Intelligence Center (CIC), the global construction industry is gradually regaining strength. This comes after a prolonged period of sluggishness in the wake of the global financial crisis. In real terms, the global industry is expected to have reached US$8.5 trillion in 2015, up from US$7.5 trillion in 2010. Over the forecast period (2016-2020) the pace of expansion will accelerate to an annual average of 3.4%, with the industry reaching a value of US$1
    Read More
  • VDMA: orders remain weak in Germany
    December 3, 2024
    German companies once again recorded a 3 per cent increase in domestic orders but their export orders for sending machinery outside the country were 14 per cent down.
    Read More
  • VDMA says machine sales now exceed previous year
    September 1, 2017
    The market for earthmoving equipment is booming, according to a report by the German construction machine manufacturers association, the VDMA. In the first six months of this year, the turnover of construction equipment manufacturers was around 19% higher than the already high value of the previous year. In addition, there is an increase in orders of over 18%, as construction equipment is ordered all over the world.
    Read More

Highlighted Content