The recession and its effect on machine sales in the new and used machinery industry

Sales of new and used machinery have declined considerably in the last 12-18 months during the Global Financial Crisis, as companies large and small cut their expenses and put an end to expansion and growth plans.

One of the most affected industries is the machinery industry, both manufacturers of new machinery and distributors of used machinery. Companies around the world have put on hold any expansion plans that would have led to the purchase of machinery to boost productivity or manufacture new products.

New machinery sales have decreased by up to 80% in 2008/2009 compared to 2006/2007. Used machinery has not been as affected as companies look for second-hand or used machine tools that are cheaper but often as good as new ones.

In today's climate, with many companies out of business, there is a huge variety of used machinery at bargain prices. Companies have been able to save thousands on metalworking machinery such as presses, lathes, CNC machines, and grinders, as well as woodworking JPS Machinery Ltd such as table saws, panel saws, sanders and edgebanders that can be purchased for well below value. simply because companies are desperate. sell your machinery.

Markets like MachineSales.com have been flooded with new and used machinery and machine tools from the wood and metal industries as a great way for companies to buy machinery at a great price or sell machinery quickly and easily.