by Kyle Molyneux | Fri 29 Apr 2022
Report: UK construction equipment sales, Q1 2022
The Construction Equipment Association reports that UK construction equipment sales in March 2022 were 3.5% below 2021 levels, but sales in the first quarter of this year were 2.7% above Q1 of 2021. This continues the pattern of slowing growth in sales this year, which is in line with expectations following the very high levels reached in 2021.
Retail sales of construction and earthmoving equipment continued to show slowing levels of sales in March this year. Equipment sales in March were 3.5% below the levels in the same month last year. This reduced the increase in sales in the first quarter to a modest 2.7% increase compared with Q1 levels last year, reaching close to 8,700 units. This slowing rate of growth in the first quarter of the year is in line with expectations, following the very high levels of sales recorded in 2021, which turned out to be a 'record year'.
The pattern of sales for the major equipment types in the first quarter of the year is shown in the chart above, compared with Q1 last year. This shows the percentage increases year on year, ranked from the highest to the lowest. Amongst the popular equipment types, wheeled loaders have edged ahead of telehandlers (for the construction industry), to show the strongest growth in Q1 sales at just under 40% compared with 2021 levels.
The weakest start to the year has been experienced by road rollers, showing nearly 40% lower sales than in the first quarter of last year. The most popular equipment type in the UK, mini/midi excavators (up to 10 tonnes), is showing a small shortfall on sales last year, with sales in Q1 at just under 4% below 2021 levels.
The pattern of sales on a regional basis in the UK and Northern Ireland is shown in the map above for Q1 compared with the same period in 2021. This shows higher levels of sales in most regions, with the North East, Yorkshire and Scotland being the strongest, with sales at 20% to 30% up on last year. Three regions showed lower sales compared with 2021, with the East of England being the weakest at over 17% down on Q1 sales last year.
Equipment sales in the Republic of Ireland are also reported in the statistics exchange. Sales in March fell back again, showing a 13% reduction on 2021 levels. This resulted in sales in the first quarter falling short of levels last year, at 1.5% below 2021 levels in Q1.
*The construction equipment statistics exchange is run by Systematics International Ltd. This scheme is run in partnership with the Construction Equipment Association (CEA), the UK trade association.
Got a news story? Email news@earthmoversmagazine.co.uk.