The Italian construction market continue to grow, albeit at a moderate pace with resurgence in demand for construction equipment during 2017, according to the reports of Italian construction machinery builders’ association (UNACEA).
Paolo Venturi, president of Unacea said that the recovery of the building market provides a sign of an increasing confidence in the construction industry. However he cautioned that political and economic instability remains a perceived concern, both from companies and foreign investors.
As per the UNACEA’s latest report, the first six months of 2017 have seen 5,109 machines sold in the Italian market, an increase of 6% compared to last year. Looking more closely, sales of earthmoving machines grew 6% with 4,910 machines sold, while sales of road equipment increased by 9% with 199 machines sold.
While, the international demand for Italian earth moving machines and attachments grows; export of this sub-sector, between January and July 2017, reached €359 million, up 9% from the previous year. Exports of crushing and screening equipment grew 28%, while exports of road machineries grew 8% but the exports of tower cranes remains stable. In addition construction machine imports grew 14.5% and this market was worth €230 million in the first seven months of the year.
Looking at regional trends, there has been a recovery of the Russian market, from January to July, the share of construction equipment export to Russia reached €18 million, up 47%.
India, one of the largest global consumers of aggregates, is said to be the new landmark for the world construction industry market. India also sees positive trend, tripled its share and grew 166%. It is positive too for intra EU exports, up 12%, as well as exports to Asia, Latin America and Oceania.
Increased infrastructure spending will help support advances for graders, mixers, pavers, rollers, and related equipment, while rising residential building construction spending, particularly in urban areas, will help drive new crane sales. Demand for excavators and loaders is expected to advance at the fastest pace of any major construction machinery product segment through 2019.