Off-Highway Research publishes new report on Brexit
Thursday, October 6, 2016 - 11:27
Latest publication examines the impact of Brexit on the UK construction equipment industry
OFF-Highway Research, one of the world’s leading specialist providers of market intelligence for the construction equipment sector, has published a new 50-page special report – The Impact of Brexit on the UK Construction Equipment Industry.
The unexpected result of the June referendum has already had a number of effects on the industry, including lower than expected equipment sales and price pressure on imports due to the depreciation in the pound.
These are discussed in depth in the report with detailed analysis across 14 individual equipment types, including: articulated dumptrucks; asphalt finishers; backhoe loaders; crawlers dozers; crawler excavators; crawler loaders; mini-excavators; motor graders, skid-steer loaders, telescopic handlers, excavators and wheel loaders.
The report also includes a five-year forecast for sales of construction equipment in the UK, which has been developed following a series of in-depth industry interviews, following the referendum result. In addition, the report analyzes current levels of construction equipment production in the UK and analyzes the immediate impact of Brexit on these activities.
The final section of the report discusses the different models, which may be adopted for the UK’s departure from the EU and examines the implications for the country’s construction and construction equipment industries.