High Demand for New, Used Construction Equipment Continues Despite Challenges

Early this year, the Association of Equipment Manufacturers (AEM) weighed in on the construction equipment market’s expansion, saying that a number of challenges could present obstacles. Short-term factors such as the lingering pandemic, ongoing supply-chain issues and persistent labor shortages were chief among AEM’s list of challenges. Secondary to those issues that have emerged to dampen enthusiasm were deglobalization and inflation. But the association believes workforce will remain a prevalent issue for equipment manufacturers for the foreseeable future. Supply-chain problems plaguing ag and construction equipment manufacturers also remain a major issue. “COVID-19, followed by growing numbers of employees leaving the workforce, have led to both shutdowns and scarcity of products,” he added.


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