SECONDHAND Ӏ MARKET REPORT
Total crane units sold at Ritchie Bros. auctions, IronPlanet auctions and Marketplace-E per year.
500 450 400 350 300 250 200 150 100 50 0
445 422 397 352 298 257 219 164 122 134 115 79 41 2015 2016 Canada 2017 USA 2018 International
* IronPlanet and Marketplace-E are Ritchie Bros. brands ** Includes sales of all terrain cranes, rough terrain cranes, hydraulic truck cranes and crawler cranes.
the demand was very high, the pandemic greatly limited the amount of machines both new and used that companies were purchasing. There was so much unknown globally, that companies really pulled back and waited to see the long and short-term effects before making any large capital purchases and equipment upgrades. We did see this loosen up towards the end of 2020 and so far, the demand in 2021 has been extremely high.”
He attributes the popularity of used cranes to buyers recognising their value, not only in terms of price but also their immediate availability. Dutch company Hovago, specialises in the international rental and trade of mobile cranes. International sales manager Tiemen Reitsma says the pandemic was less disruptive
38 CRANES TODAY
than they expected. “Several projects in various countries came to a standstill or were postponed last year, resulting in a decrease in demand in 2020 for used cranes. Demand for new rental cranes was lower than expected. But the market recovered quite well and last year’s postponed projects are being carried out this year. “And the uncertainty that
the Covid-19 crisis brought, made users feel sometimes uneasy about purchasing new cranes. Therefore our business, Hovago is specialised in the bare rental with purchase option, increased. And nowadays when cranes come back from a rental contract, because a customer, for various reasons, was not interested in buying, demand is such that we never have it in our yard for a longer period. Which proofs our point that
the demand for good quality, young used cranes is still high and might even be higher than before.” At Hovago they see demand
for used cranes being driven by the US, Europe, as well as some African and Asian countries. International equipment
auction company Ritchie Bros. has witnessed a decrease in the total number of mobile crane units sold in 2020 (755 sold cranes in 2019 versus 435 in 2020). However, the strategic account manager for Heavy Lift and Crane Sector, Piet Kraaijeveld, says that currently, the demand for used cranes is steady and in some countries is increasing.
Indian and Egyptian
companies have purchased a large number of units offered in the Dubai online auctions, as the market there is active. He adds
37 2019 39 2020 183 281 461
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