The Construction Equipment Committee (CEC) was created by the Association of European Businesses (AEB) in February 2008. At the moment CEC represents interests of 80% road-building and special machinery companies of the Russian market.
Comments Andrey Komov, AEB Construction Equipment Committee Chairman, Managing Director, Volvo CE Russia & CIS:
“47% growth from a high base is very good dynamic, taking into account that due to wide range of pandemic issues we could not satisfy the demand in full. Consequences of the global lockdown led to supply constrains, shortage of semi-conductors, components, containers, price increase for materials and lead time increase and deficit of the machines. Significant pent-up demand and need of machine fleet renewal to manage implementation of big infrastructure projects contributed to high market growth. The issues from last year are following us in the current year as well and if the market level in 2022 will remain the same, provided that there are no extra external and internal limitations (sanctions, tax and fee increases) we will consider it as a good result. Market still has good growth potential and any extra positive factors will lead to the further growth.”