Crawler excavatorsโ€™ sales up by 30% in 2023

November 10, 2023| 3 minutes to read

Crawler excavatorsโ€™ sales at Ritchie Bros. auctions increased by 7% in the past three months and by 30% in 2023 so far compared to the same period last year. This is according to the Ritchie Bros. Market Trends Report for the third quarter of 2023.

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6 trends to watch in construction equipment market for 2024

October 31, 2023| 6 minutes to read

The global construction equipment market is expecting to see a slight downturn next year as demand for equipment is softening. However, this will probably be less severe for civil engineering equipment and more severe for building construction equipment, keeping total business volumes at relatively good levels in the coming year, experts agreed at Moerdijk Live Xperience in October. ย 

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Experts uncover equipment market trends at Moerdijk Live Xperience

September 18, 2023| 4 minutes to read

At the Moerdijk Live Xperience, one of the biggest equipment events of the year, three industry experts will unpack the key market trends in 2023 and what we can expect for 2024. We had a chat with Chris Sleight, Managing Director at Off-highway Research, who is one of the expert speakers at the event.

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Key considerations for rental fleet adjustments in Europe

September 1, 2023| 4 minutes to read

In 2023 and 2024, reducing or replacing aged machines in a highly competitive market could pose new hurdles for equipment rental owners. What are the key factors to consider, to adjust their fleets accordingly? Antti Suoniemi, Strategic Accounts Manager, Rental, at Ritchie Bros., responds.

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Heavy equipment rental: Key trends to watch in 2023

May 12, 2023| 6 minutes to read

Digitization, supply chain disruption, and consequent aging fleets have reshaped the heavy equipment industry in the past three years. But how do these trends specifically affect the equipment rental sector? We asked Alex Schuessler, SmartEquipโ€™s founder and president of its international group, to share his views.

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More crawler excavators sold at Ritchie Bros.

April 18, 2023| 3 minutes to read

Despite an increase in fuel prices and rising inflation through 2022, this was the year with the highest volume of used crawler excavator sales at Ritchie Bros. online auctions in Europe since the pandemic, according to the latest Used Equipment Market Trends Report.

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Why European construction machinery manufacturers are optimistic about 2023

March 15, 2023| 5 minutes to read

Given the ongoing general economic challenges, some businesses view 2023 with some trepidation. However, European machinery manufacturers are far more optimistic, as Riccardo Viaggi, Secretary General of the Committee for European Construction Equipment (CECE) reveals.

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New Market Trends Report out: Mini excavator sales up 92%

February 8, 2023| 3 minutes to read

The last three months of 2022 saw a significant increase in volume of mini excavators sold at Ritchie Bros., according to Ritchie Bros. Market Trends Report.

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