MARKET REPORT Ӏ SECONDHAND
has seized the opportunity to adapt and evolve. We have transformed our business from an onsite and live auction company to a digital multi-channel business with powerful physical features. The transaction takes place online, but there are auction sites where equipment can be inspected and tested and the local teams ready to provide additional services.” Since March 2020, all Ritchie
Bros. auctions in the EMEA region have been held entirely online due to the Covid-19 pandemic. The company has seen the auction registrations and bidding participation increase dramatically in the last year.
OPTIMISM All the industry experts interviewed for this article are optimistic about the used crane market’s performance in the next few years. Kraaijeveld says: “More
Select Crane
Sales recently delivered a Terex RT780 rough terrain to a customer in the Bahamas.
significant oil and gas industry projects have been sanctioned already, and more are expected next year. This could lead to an impulse for a demand for the used cranes in the Middle East. Also, we see an increase of projects in North Africa, which is typically a region where we see the demand for used equipment.” Reitsma expects demand for used cranes to increase further over the next year, due to supply of new cranes not being able to meet demand. He explains that post-crisis economy stimulation packages around the world in combination with an increase in renewable projects will lead to many new projects (industrial, energy, infrastructure), increasing the demand for new cranes. “And since supply of new cranes is limited, the demand for used cranes will definitely also go up. So 2022 will definitely be
a good crane year, for new and used business.” Select Crane Sales’ MacKenzie
believes that demand for secondhand cranes will remain strong because of the price of new cranes going up. “As the cost and supply of raw materials goes up, and subsequently driving the price of new machines up, the used market will take a larger role than ever. We also see the bare rental markets increasing due to the cost of ownership and uncertainty in the global economy.” Bigge Crane and Rigging’s
Ganzell says there will always be strong demand for well- maintained secondhand cranes. “Pricing for new cranes will continue to increase, and more importantly, used cranes rent for the same price as new ones. Smart buyers always consider buying used prior to making their investment into a crane for their fleet.”
CRANES TODAY 41
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61
