At Plantworx 2019, (East of England Arena & Events Centre, Peterborough), the CEA (Construction Equipment Association), launched the new CEA and HMG commissioned Sector Report.
The launch was attended by Government officials, including Louise Scott, a representative from the Automotive Unit at BEIS (Department for Business, Energy and Industrial Strategy), who also worked on the project, CECE (Committee for European Construction Equipment) delegates, including the Secretary General at CECE, Riccardo Viaggi, and a host of guests and media representatives from the construction equipment sector.
Hosted by CEA’s chief executive Rob Oliver and introduced by the reports co-author KGP’s Alex Woodrow – the study revealed that that the UK Construction Sector ranked number one in Europe with a 24% market share.
The Sector Report was researched by consultants, Knibb Gormezano & Partners (KGP), and co-sponsored by the Department for Business, Energy & Industrial Strategy.
The report also underlined that the current Brexit debacle had not had a direct impact on sales of construction machinery in the UK and showed record revenue for the construction equipment industry in 2018, with sales of £13bn, up by 18% on the benchmark set for 2013.
The UK was the largest producer of construction equipment in Europe in 2018, and the 5th largest in the world – producing in excess of 60,000 units – earning manufacturers around £13bn in revenue.
Around 60% of UK machine exports are outside the EU, but component suppliers are more reliant on the EU. Value is skewed towards niche products with ADT’s, crushers and screens a major UK Export.
Since 2016 the National Infrastructure delivery plan 2016-2021 has set out investment plans for government spending on transport, energy and other in