The growth of Africa’s used equipment market is driving construction activity across the continent, providing affordable and sustainable solutions
Africa knows all about good value, keeping those old Toyotas running for decades despite their rough treatment they receive on the roads. In the construction industry, the longevity and durability of capital machinery is just as important, with the used equipment market offering a second life for pre-loved trucks, cranes, loaders and other items. Not only does it offer good value, providing an affordable alternative to new equipment, but refurbishing and reselling old machinery also ticks the sustainability box; something not to be underestimated as construction firms seek to mitigate their climate footprint. While sales of new machinery dominate the headlines and thrive alongside the used equipment market, there is good reason to suggest that this is an area ripe for growth, given current supply-chain difficulties globally and the escalating cost of materials.
Major players such as Hitachi Construction Machinery routinely bring new products to the Africanmarket at the same time as offering a wide variety of used equipment. Its current worldwide stock includes excavators, wheel loaders, bulldozers, dump trucks and other machines. These are ever popular as they are used on almost every construction site.
Local dealers typically play a pivotal role in the used machinery market, offering a variety of equipment from international brands and ensuring that machinery is refurbished to meet local standards. Other global brands, such as Hyundai, Komatsu, Volvo, and Caterpillar, can also be purchased in the used equipment space and can be seen working on projects across the region. The export market is thriving too, with used equipment dealers in Africa supplying customers across regional borders.
The export market is thriving too, with used equipment dealers in Africa supplying customers across regional borders. Rentals have likewise become popular, with portals such as My Crane offering a global marketplace for crane rentals. Where budgets are tight, renting costly capital items can make all kinds of construction, transport and mining projects more viable.
For the full story, check out the latest issue of African Review Business and Technology here.