Irish mining, quarrying and construction machinery manufacturers are predominantly original equipment manufacturers (OEMs) focusing on the production of equipment parts. Revenue is forecast to climb at a compound annual rate of 1.9% to reach €160 million over the five years through 2024, including a 4.8% hike in 2024. Manufacturers have benefitted from robust demand over the past years despite significant challenges plaguing key downstream industries, including limited construction activity in 2021 and 2023, as well as inflationary pressures limiting investment in industrial machinery. However, robust residential construction in Ireland has supported machinery demand in 2023 and the first half of 2024.
Trends and Insights
- Steady residential construction supports machinery demand.
- Despite a dip in overall construction output, high numbers of residential commencements in 2024 are supporting construction machinery sales. Strong residential construction activity boosts earthmoving machinery sales.
- Investments in construction markets, such as Project Ireland 2040, have increased demand for equipment like tractors and excavators. The border region offers strategic trade routes.
- Manufacturers benefit from proximity to trading ports and the Irish border, enabling efficient export operations. Intense competition drives innovation.
- Manufacturers invest in research and development to create cutting-edge products, gaining a competitive edge in the global market.
Industry Overview
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated €160.0m in 2024.Trends and Insights
Residential construction supports quarrying and construction machinery sales According to the CSO, non-residential construction has been a drag on investment spending in recent years, down 4% in 2023, mostly due to the decline in office construction. However, residential construction has sustained some moderate growth, with a small dip in the third quarter of 2023.Industry outlook (2024-2029)
Market size is projected to grow over the next five years.Trends and Insights
- Rising construction activity will drive sales
- Recovering construction activity domestically and globally will aid sales of construction and earth moving machinery.
Table of Contents
About this Industry
Industry Performance
Products & Markets
Competitive Landscape
Operating Conditions
Key Statistics
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Quarry & Mining Equipment Ltd
- MDS International
Methodology
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