CAN YOU SPOT THE CHANGES IN TODAY’S CONSTRUCTION FLEETS?
Swing by a construction site these days and check out the heavy equipment lineup. It may look similar to fleets you’ve seen in the past, but look again. You just might see some changes.
1. More rental stickers
Rental is growing more popular as pressure on margins rises. It’s an easy way to flex capacity fast without a big investment. And it helps fleet managers allocate equipment assets efficiently and save on maintenance and storage costs. The American Rental Association expects equipment rentals to reach $49.3 billion in 2017, up more than 4 percent over 2016. The growth rate may hit 5 percent in 2018 and 5.8 percent the following year.1 That should translate into more rental assets on jobsites everywhere.
2. More multi-taskers
Over the years, we’ve all gotten better at multi-tasking. So has heavy equipment. There’s growing interest in buying or renting one machine that can do many types of jobs. Add a quick coupler and a few work tools for even more potential to generate revenue in a cost-effective manner. As business owners swap out single-function assets for multi-taskers, you’ll see more skid steer loaders, excavators, compact track loaders and backhoe loaders in construction fleets.2
3. More tech
You may have to climb aboard the equipment to fully appreciate the amount of technology on today’s jobsites. Super-low-effort joysticks, touchscreen displays, rearview cameras and 360-visibility features help operators work safely and productively. One-touch power modes optimize power and fuel efficiency, and GPS-enabled grade control technologies save time and improve accuracy. Telematics systems are running around the clock too, capturing critical productivity and health data, then delivering it on demand to the office or a mobile device. It’s all pretty remarkable.
If there’s a common thread in these changes, it’s rental. Rental gives business owners an easy way to expand capacity, try multifunctional machines and work tools, and get comfortable with new technology. Learn more about rental and how it’s changing the face of today’s construction fleet here.