Many construction operations are available, so the industry is becoming increasingly competitive yearly. As competition heightens, you may be wondering how to stay competitive. One of the best ways to do so is to update your fleet of heavy equipment with some of the latest technology to give your business an upper hand.
Suppose you want to employ some of the latest and most excellent machinery. In that case, you must stay informed of the most recent heavy equipment and construction trends and connect with India’s best construction equipment suppliers.
What are the most prominent heavy equipment trends in 2023?
The heavy equipment manufacturing industry is similar to many others, as trends constantly change. The trends in heavy equipment emerging now give us a glimpse into the construction industry’s future, which is undoubtedly exciting.
The following are some of the most significant heavy equipment trends that every construction crew should be getting on board with as soon as possible:
1. Digital Transformation
Although it has taken a long time to take hold within the construction equipment industry finally, digitalization is starting to become more trendy. It is now the second highest priority for construction equipment leaders.
Some digital tools that have gained much traction in recent years are video conferencing, sales forecasting, and customer relationship management systems. Construction equipment operators have improved their operations, increased their productivity, and got more out of their resources by leveraging end-to-end digitalization.
2. The Equipment Rental Market Is Evolving
Another big trend that is on the rise is renting out heavy equipment. Over the next 4-5 years, the rental market is expected to account for 30%-40% of construction equipment firms’ total revenue.
As construction contractors increasingly seek ways to minimize their cash expenditures, the general preference for renting has increased since this removes the need to spend money on expensive maintenance and repair costs.
As this trend has grown, the heavy equipment rental market has responded accordingly and is becoming more customer-centric. Thus, customers are provided with a more well-rounded rental experience that even includes contract stipulations for on-site maintenance, repairs, and replacements by construction equipment suppliers in India.
3. The Rise of Automation, Electrification, & Connectivity
The most significant driving forces of technological change in the heavy equipment industry are automation, electrification, and connectivity, as more newly manufactured devices will incorporate such features.
For instance, it will soon be commonplace to see equipment that employs location tracking and another anti-theft tech, fuel tracking, operator behavior tracking, and fleet optimization tracking. Similarly, autonomous vehicles enable construction equipment firms to boost safety, manage internal skill gaps, and optimize labor costs.
Artificial intelligence (AI) is another tech advancement becoming increasingly trendy in the heavy equipment industry. AI is projected to grow by 183% for architecture, construction, and engineering business development teams in the next two years. This technology will help optimize, streamline operations, and eliminate inefficiencies.
4. Development of New Construction Materials
Two of the immense pressures that construction leaders are facing in 2023 are the need to cut the cost of construction materials and find ways to make them more sustainable. For this reason, the development of new construction materials is on the rise, and some involve recycling construction and demolition waste to engineer wood or aggregate.
This trend also aligns with the global movement in many industries to be more aware of environmental concerns and more eco-friendly.
5. Modular and Prefabricated Building
Modular and prefabricated construction is one trend that used to be quite significant in the past and has become trendy again. Modular construction involves building most of a structure offsite before transferring it to its final destination. Prefabrication follows a similar method.
Both options have increased in popularity because they eliminate a lot of the waste and emissions related to transportation that is generally associated with construction. They also improve building process efficiency and minimize budget overages.
How Zhuzoor Can Help You Stay On Top Of The Latest Heavy Equipment Trends?
If you want to remain competitive in the growing construction industry, Zhuzoor can help you. We constantly update our heavy equipment inventory with the latest and most excellent machines hitting the market.
Our team of dedicated and knowledgeable equipment experts will gladly offer advice about how to build or update a fleet of heavy equipment to ensure that it employs the latest technologies that will allow you to optimize your operation. After discussing the demands of your business, we can also suggest which of the newest construction equipment trends will best service your day-to-day needs.
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