Are contractors planning on purchasing new construction equipment in 2024? And if so, what types?
Equipment World has the answers with the results of our new website visitor poll, conducted from December 13, 2023, to February 14, 2024.
Out of 6,689 respondents, nearly half (46%) said they are not likely to purchase new equipment in 2024. This follows a trend that we’ve seen in our Quick Data reports, with new financed equipment sales declining in almost every category over the last year.
Of those looking to purchase new equipment this year, the following products are of most interest:
The data may suggest that respondents used the terms "skid steer" and "compact track loader" interchangeably, making compact loaders – wheeled or tracked – the most desired product overall.
