Unit Construction Machine Market

The global market for unit construction machines for working metal is expected to continue its upward trend over the next eight years, with forecasted growth in both consumption and value terms. In 2022, global consumption surged to 69K units, with the Netherlands, Singapore, and the UK leading in consumption volumes. Production increased by 3.1% to 61K units in 2022, while imports saw a significant increase of 154%. Italy and China were major exporters, with Italy leading in export value. Overall, the market is predicted to grow steadily in the coming years, with fluctuations in prices and trends across different countries.

Market Forecast

Driven by increasing demand for unit construction machines for working metal worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.5% for the period from 2022 to 2030, which is projected to bring the market volume to 72K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.7% for the period from 2022 to 2030, which is projected to bring the market value to $1.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Unit Construction Machines For Working Metal

In 2022, global consumption of unit construction machines for working metal surged to 69K units, increasing by 16% on the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.3% against 2020 indices. Over the period under review, global consumption hit record highs in 2022 and is expected to retain growth in years to come.

The global unit construction machine market size reduced to $1.1B in 2022, waning by -5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market reached the maximum level at $1.2B in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the Netherlands (25K units), Singapore (15K units) and the UK (5.3K units), together accounting for 65% of global consumption.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +50.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($469M) led the market, alone. The second position in the ranking was held by Japan ($160M). It was followed by the Netherlands.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +1.2%. In the other countries, the average annual rates were as follows: Japan (+18.9% per year) and the Netherlands (+50.5% per year).

The countries with the highest levels of unit construction machine per capita consumption in 2022 were Singapore (2,595 units per million persons), the Netherlands (1,404 units per million persons) and the UK (78 units per million persons).

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +50.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Unit Construction Machines For Working Metal

In 2022, production of unit construction machines for working metal increased by 3.1% to 61K units, rising for the second consecutive year after three years of decline. Over the period under review, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 46%. As a result, production reached the peak volume of 88K units. From 2018 to 2022, global production growth remained at a somewhat lower figure.

In value terms, unit construction machine production declined slightly to $1.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. As a result, production reached the peak level of $1.4B. From 2018 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Singapore (17K units), Italy (11K units) and China (6.6K units), with a combined 58% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Singapore (with a CAGR of +18.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Unit Construction Machines For Working Metal

In 2022, approx. 35K units of unit construction machines for working metal were imported worldwide; with an increase of 154% against the previous year's figure. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by 380% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, unit construction machine imports dropped slightly to $95M in 2022. Over the period under review, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Over the period under review, global imports attained the maximum at $202M in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports By Country

The Netherlands dominates imports structure, reaching 29K units, which was approx. 82% of total imports in 2022. The UK (1.5K units) took a relatively small share of total imports.

The Netherlands was also the fastest-growing in terms of the unit construction machines for working metal imports, with a CAGR of +53.4% from 2012 to 2022. the UK (-2.8%) illustrated a downward trend over the same period. While the share of the Netherlands (+78 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-17.4 p.p.) displayed negative dynamics.

In value terms, the UK ($1.7M) constitutes the largest market for imported unit construction machines for working metal worldwide, comprising 1.7% of global imports. The second position in the ranking was held by the Netherlands ($175K), with a 0.2% share of global imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the UK was relatively modest.

Import Prices By Country

The average unit construction machine import price stood at $2,674 per unit in 2022, falling by -60.9% against the previous year. Over the period under review, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 330% against the previous year. Global import price peaked at $30,273 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($1,136 per unit), while the Netherlands stood at $6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.7%).

Exports

World Exports of Unit Construction Machines For Working Metal

After two years of decline, overseas shipments of unit construction machines for working metal increased by 101% to 27K units in 2022. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 183% against the previous year. The global exports peaked at 48K units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, unit construction machine exports fell markedly to $90M in 2022. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 61%. The global exports peaked at $216M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, Italy (9K units), distantly followed by China (5.4K units), the Netherlands (4.5K units), Singapore (2.9K units) and Argentina (1.7K units) were the major exporters of unit construction machines for working metal, together mixing up 86% of total exports. The UK (771 units) and Slovenia (514 units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +109.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($16M) remains the largest unit construction machine supplier worldwide, comprising 18% of global exports. The second position in the ranking was held by China ($5.1M), with a 5.7% share of global exports. It was followed by Argentina, with a 3.7% share.

In Italy, unit construction machine exports expanded at an average annual rate of +1.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (-8.8% per year) and Argentina (+76.1% per year).

Export Prices By Country

In 2022, the average unit construction machine export price amounted to $3,294 per unit, shrinking by -64.1% against the previous year. Overall, the export price showed a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 273% against the previous year. Over the period under review, the average export prices hit record highs at $13,326 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($2,001 per unit), while the Netherlands ($9.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.2%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform