The government decided to maintain the current number of ready-mix concrete trucks and allow a 3% new registration of dump trucks annually.
On the 27th, the Ministry of Land, Infrastructure and Transport held a meeting of the 'Construction Machinery Supply Adjustment Committee' at the Government Seoul Complex to deliberate and decide on the '2026-2030 Construction Machinery Supply Plan,' which includes supply adjustments for construction machinery for 2026 to 2027. The Construction Machinery Supply Adjustment Committee assesses whether to increase that number every two years.
The Ministry of Land, Infrastructure and Transport estimated, through statistical modeling that comprehensively considered various factors, that there would not be a supply shortage over the next two years, based on forecasts of sluggish construction activity, and decided to maintain the supply adjustment for mixer trucks.
Demand for dump trucks is expected to remain low due to anticipated sluggish construction activity, as recent registration numbers have continued to decline. In light of the projected supply shortage, the supply adjustment for dump trucks will be eased, allowing for a 3% new registration each year over the next two years.
Due to a recent decrease in registration numbers for concrete pumps, a supply shortage is expected, indicating the need for easing or lifting the supply adjustment. Additionally, considering that the allowable new registration volume (5% annually) during the supply adjustment period (2024-2025) was not actually registered, it has been determined that there is a low necessity for supply adjustment, and thus, the supply adjustment for concrete pumps will be lifted.
The small tower cranes (models registered before July 2020) are deemed to have led to a reduction in accidents post-supply adjustment, prompting the decision to maintain the supply adjustment.
This supply plan utilized an analytical model established through consultations with professional institutions such as the Bank of Korea and the Korea Development Institute (KDI) in 2023, and was derived based on national approved statistics.
The Ministry of Land, Infrastructure and Transport has decided to revise the supply plan through re-evaluation by the Supply Adjustment Committee in the event of significant fluctuations in the construction market and construction machinery sector that may disrupt construction sites over the two-year supply adjustment period.
The results of the deliberation are expected to be finalized around year-end after undergoing review by the Regulatory Reform Committee.
Lee Sang-gyeong, First Vice Minister of Land, Infrastructure and Transport, said, 'This construction machinery supply plan is expected to contribute to the stabilization of the construction machinery rental market, as it has been established through fair and objective supply outlook analysis and the collection of opinions from commissioners and stakeholders of the Supply Adjustment Committee.'