The first comprehensive survey of the size and complexity of the construction, earthmoving and mining equipment industry in more than 20 years has been released to provide unparalleled market intelligence to stakeholders in the industry.
Compiled by global research company, Off Highway Research, the 220-page report, The Construction Industry in South Africa, is a four year study that details sales by model category, equipment analysis, sizes of equipment
and sales by manufacturer.
According to Dr Jim Rankin of Agfacts, the report is an invaluable tool for financial institutions, parts suppliers and service providers, as well as suppliers of components such as tyres, hydraulics and filters, among others. It shows which machines are selling, and which are not, and it gives analysts food for thought when advising or building business plans.
Reliable sources
“Much of the information was transposed from the Construction and Mining Equipment Suppliers Association (Conmesa) for whom we have supplied monthly reports for over 25-years. Other information was taken from complementary associations in agriculture and materials handling where appropriate,” says Jim.
He adds that the report also provides information on local suppliers which end users can access to ascertain who the role players are and the extent
of would-be supplier’s information. Based on the statistics, it even provides readers with predictions on the industry and comprehensive forecasts until
2023.
With information such as actual machine populations in South Africa, by type and brand, suppliers can make informed decisions when it comes to the type of equipment, spares and services that they supply.Six little-known facts about the
industry
- Backhoe loaders are the most sold machines in SA
- The new equipment sales market was valued at R14,1-billion in 2018
- Tracked (Hydraulic) excavators make up R2,55-billion of the total market
- Contractors are the biggest buyers of asphalt finishers, backhoe loaders, excavators, compaction equipment and skid steers
- Unusually, rental companies bought more motor graders than any other industry in 2018
- Mines are the biggest market for telehandler
Reality check
“We have found that, in many instances, perceptions are actually far from reality and actual ownership and supply figures are often different from what even we would imagine. This kind of market research is difficult to come-by and should make up part of any business plan for role players in the market in future,” Jim concludes. The report is conducted in accordance with worldwide standards and is available from Agfacts.
CONMESA, Dr Jim Rankin, Tel: (011) 453 7249
Email: jim.rankin@agfacts.co.za
