Market Trends Report: Used Heavy Machinery and Industrial Vehicles, European Edition Q3 2021
A free report covering the offer and demand trends
In our quarterly Market Trends Report, we provide valuable observations on several used equipment market trends in Europe based on data available through Mascus, the leading European online listing service for used heavy machinery and industrial vehicles, and Ritchie Bros., the global leader in heavy machinery and industrial vehicles disposition.
With this edition, we take a closer look at the volume of machines for sale and the demand registered in the third quarter of 2021 for mini excavators, telescopic handlers, diesel forklifts, and boom lifts (articulated and telescopic).
“New equipment deliveries of certain products and brands have been announced to incur delays until mid, end of 2022 and even early 2023. As a result, the demand in used assets has gone up and combined with the rise in new prices, the used equipment pricing has consequently seen unprecedented increases month after month.”Jeroen Rijk
SVP, Managing Director, EMEA & LATAM
Below is a sample of the market insights that you will find in this report.
There were fewer used diesel forklifts listed for sale on Mascus in the third quarter of 2021 compared to 2020. The number of units listed for sale was constantly lower this year compared to last year. However, overall demand in Q3 2021 was higher compared to last year. Phone calls from buyers to sellers have increased by +35% while email enquiries have decreased slightly by -8% compared to Q3 2020.
Top 5 most demanded brands & top countries buying Diesel forklifts on Mascus
Linde was the most demanded brand of diesel forklifts in the third quarter of 2021 in Europe and the highest demand for this type of equipment came from the Netherlands, Germany and Poland. This data is based on the number of buying enquiries (emails, phone calls) to sellers.
Median price of telescopic handlers sold in Ritchie Bros. auctions across Europe increased by +31%
During Q3 2021, Ritchie Bros. has sold -47% less telescopic handlers across Europe compared to Q3 2020. A low volume of equipment available on the market caused a significant increase of +31% in median price compared to the same period last year. Manitou, JCB and Dieci were the most sold brands of telescopic handlers in Q3 2021.
Download this pdf report for free and discover the latest trends in the industry. We hope you will find this reading interesting.
Communications Specialist & Social Media Manager at Mascus