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Construction Equipment Committee Press Conference «Construction Equipment Market Results 2021 and Expectations for 2022»


On February 10, the AEB Construction Equipment Committee (CEC) held its annual press conference. The speakers were Tadzio Schilling, AEB CEO, and Andrey Komov, Chairman of the Construction Equipment Committee.

The press conference was dedicated to the sales results of Q4 2021 and the whole year 2021 in general, and also expectations to 2022.

As Tadzio Schilling noted in his speech, the AEB committee is the largest expert network and center of expertise in the industry, bringing together the experience of the world's leading manufacturers. And this year, new important market players have joined the statistical exchange program, and new, important products have been included to the statistics.

“The favorable external environment gas contributed to the growth of investment in new vehicles in the extractive industries. The construction and forest product industries were actively developing. It should be specially noted that among other reasons the positive dynamics in the Russian market of construction equipment is notably due to the consistent implementation of the largest infrastructure projects and the increase in their financing by the Government,” said Tadzio Schilling.

According to the data presented by Andrey Komov, Сhairman of the AEB Сommittee and a Managing Director, Volvo CE Russia & CIS, sales of construction equipment in Russia in 2021 increased by 47% compared with 2020, reaching 22498 units. During the fourth quarter of last year 7075 units were sold - increasing by 49,2% compared to the same period in 2020.

Commenting on the year's results and the market situation, Andrey Komov said the following:

«47% growth from a high base is very good dynamic, taking into account that due to wide range of pandemic issues we could not satisfy the demand in full. Consequences of the global lockdown led to supply constrains, shortage of semi-conductors, components, containers, price increase for materials and lead time increase and deficit of the machines. Significant pent-up demand and need of machine fleet renewal to manage implementation of big infrastructure projects contributed to high market growth. The issues from last year are following us in the current year as well and if the market level in 2022 will remain the same, provided that there are no extra external and internal limitations (sanctions, tax and fee increases) we will consider it as a good result. Market still has good growth potential and any extra positive factors will lead to the further growth.»

The record of the press-conference is available via LINK