Italian Construction Equipment market remains stable in 2020

Quarter 4th recovers the loss of early 2020.
The comments of UNACEA and CER

During the 12 months of 2020, 16,962 construction equipment have been sold in the Italian market, with a stable trend compared to 2019 (+0.2%). More in detail, earth-moving machines sold were 16,251 (0%), and 711 were road machines (+15%). On the other hand, machines sold in 2020, 4th quarter alone were 6,914, up 13% compared to fourth quarter 2019, completely erasing the January-September market losses

This data came from the last market survey conducted by Unacea – Italian construction equipment association – which presented the results during a press conference organised with CER – Centro Europa Ricerche.

“The Italian construction equipment market has been able to dynamically recover the stop imposed by the first lockdown in March – said Mirco Risi, President of Unacea. The market has shown that it can play a countercyclical role for the economy as a whole, along with all the construction sector. Now we expect a certain and stable process of defining the Recovery and resilience plan, in order to push forward the resilience in the current year”.

According to Stefano Fantacone, scientific director of CER, “Despite the general climate of uncertainty, the construction industry, along to the machinery sector, is benefiting from a new and useful trend of investments. We expect it will last in 2021, when GDP is forecast to start growing again, at a rate that we estimate around 4%”.

“The industry is showing a strong resilience able to respond to the current crisis and Unacea is strengthening its role as a discussion and information platform – said Luca Nutarelli, association’s secretary general. In fact, in the coming weeks new forecasting tools will be available to our member companies, able to guide programming and control activities.”

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