In the earthmoving product segment, Liebherr recorded €2,657 million in revenue in the 2024 business year, which translates to a €61 million decrease or 2.2 % year-on-year.

The difficult economic conditions at the start of 2024 continued to influence the global market for earthmoving machines throughout the course of the year. The generally cooler economy, as well as geopolitical and economic circumstances, had a significant impact on market development, meaning that the global market declined and turnaround is not anticipated for the time being.

The generally cooler economy in the market for earthmoving machines also affected Liebherr, which recorded a decline in revenue not only within the European Union, traditionally the most important market in the segment, but also in the non-EU countries. Despite an increase in the Canadian market, revenue also declined in North America as well as in Central and South America. The Africa, Near and Middle East sales region recorded an increase in revenue, primarily driven by the positive developments in Algeria. In Asia and Oceania, Liebherr also achieved an increase in revenue thanks to strong business in Australia.

In the earthmoving segment, Liebherr continued its open approach to technology in the field of drive concepts. With the prototype of the L 566 H, Liebherr presented the world’s first wheel loader with a hydrogen engine, giving a first demonstration of how it works in practice at the product’s premiere. At the MINExpo trade show, the Generation 8 PR 776 crawler dozer celebrated its world premiere, rounding off the comprehensive portfolio of powerful Generation 8 Liebherr crawler dozers. In addition to these new products, Liebherr also continuously developed and revised its existing product portfolio in the earthmoving segment to meet market and legislative requirements.

In the digital area, Liebherr further expanded its service offering for earthmoving machines with MyLiebherr Maintenance and MyLiebherr Performance. These two new functions within the MyLiebherr online portal improve digital machine management for customers. Liebherr also introduced a new portal for used machines: the Used Equipment Marketplace.

In 2024, research and development activities were focused on alternative drive technologies and, as part of the digitalisation strategy in the smart product area, on the semi-automation and autonomy of machines.

Liebherr-Baumaschinen Vertriebs- und Service GmbH also opened a branch in Schüttorf (Germany), merging the two former sites of Münster and Lingen into one location. The service portfolio includes all services relating to the corresponding Liebherr machine and serves as a rental station.

The economic situation and the downturn in key markets for the construction machinery industry have lowered expectations in the earthmoving segment. Liebherr is therefore looking to the 2025 business year with caution for this product segment.