The CECE Annual Economic Report contains sections on the macro economic situation, the performance of the construction sector, the main markets and main segments of the European construction equipment industry.
The report includes also information from the national CECE member associations, shedding more light on regional developments in the European construction equipment sector
2019 turned out to be a better year for the European construction equipment sector than initially expected. Whereas CECE had forecast a “soft landing” with a modest market decline across the industry, total sales in Europe in 2019 grew by 3.4% compared to 2018.
The slowing momentum over the year, however, was indeed in line with expectations: after +7.1% in Q1 and +6.5% in Q2, the market turned negative and declined by 0.1% and 2.5%, respectively in Q3 and Q4.
The European market reached a new high after the economic crisis of 2008, without hitting the record volumes of 2007.