What are the prospects for equipment investment in 2024? 

What are the prospects for equipment investment in 2024? 

Evolis, a trade organization for capital goods, together with UFL and DLR, have carried out an express survey on equipment utilization rates and purchasing intentions for 2024, particularly in the lifting sector. According to estimates, 160 mobile cranes will be delivered in 2023, up 8% on 2022. In a construction equipment market that will be under pressure in 2023, with an overall estimate of 4,150 units (-0.2% compared with 2022), mobile cranes will be one of the growth categories. Platforms, with 8,500 units delivered, are still up slightly by 1%. Tower cranes, on the other hand, with 530 units, will fall by 31% in 2023 compared to 2022. 

The study also shows that the average age of the lifting equipment fleet will be 7.2 years in 2023, with an equipment utilization rate of 71.7%. The forecast rate of investment in equipment is +3.1% in 2024, with 17% of companies surveyed giving priority to the 60-100 tonne mobile crane category. A further 14% will invest in mobile cranes from 30 to 60 tonnes, 13% in cranes over 250 tonnes, 11% in the 100 to 250 tonne category, and 10% in cranes under 30 tonnes. Finally, by 2024, companies will be investing one-third to renew their fleets, one-third to respond to business growth, and one-third because of good purchasing conditions.