2022's Top 10 construction equipment acquisition …
1. The U.S. economy will have solid growth in 2022. After a highly volatile 2021, the economy is on more even footing this year. The potential for economic growth later in the year is substantial ...
Top 10 In-Demand Construction Jobs | Fieldwire …
Even with downturns experienced in 2020, certain construction jobs remain in high demand. According to data from the U.S. Bureau of Labor Statistics (BLS), the following jobs are expected to be …
Construction Equipment Market Size, Share & Analysis By …
Construction Equipment Market Overview, 2031. The global construction equipment market size was valued at $195.8 billion in 2021, and is projected to reach $313.9 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031. Construction equipment are specially designed machinery used to perform or assist in construction operations.
Heavy Equipment Operators in High Demand
BYF lists heavy equipment operator as one of the five crafts in highest demand, with a need for more than 600,000 heavy equipment operators across the United States through December 2022. The BYF website shows the demand for these workers by state, with Texas, Florida and California topping the chart.
Demand For Construction Jobs "Remains a Pressing Issue": …
"This is a strong indication that the demand for labor is slowing, although the supply of workers is still far too low to meet that demand. The number of open, unfilled jobs across the economy still exceeds the pre-pandemic level by more than 1.7 million.
Construction industry in Canada
The construction industry plays a very important role in the economy of Canada. For instance, the development of new houses and commercial buildings is essential to satisfy the demand of a still ...
Construction Equipment Operators
Construction equipment operators may need to service pulleys or other devices located at the top of structures, which may be several stories tall. Hand-eye-foot coordination. Construction equipment operators should have steady hands and feet to guide and control heavy machinery precisely, sometimes in tight spaces. Mechanical skills.
Indonesia Construction Equipment Rental Industry Report …
Some key projects driving demand for rental construction equipment: Toll Road Development: This sector boasts several projects, including Trans-Sumatra, Trans-Java, and Trans-Papua toll roads ...
8 Pieces of Heavy Equipment in High Demand
Here are 8 pieces of heavy equipment that are always in high demand, and the ATS Heavy Equipment Operator School can teach you how to operate them while assisting you with getting your career off the ground. Backhoe – Learn to excavate with the world's best-known piece of heavy equipment.
's shares hit record high on profit beat, robust demand
The company's profit margins have been helped by a $28.1 billion order backlog for construction equipment and demand from customers in oil and gas, power generation, rail and defense in the past year.
6 trends to watch in construction equipment market for 2024
The global construction equipment market size was valued at USD 142.39 billion in 2022 and is projected to grow from USD 151.60 billion in 2023 to USD 237.66 …
The Most Rented Construction Equipment
Scissor lifts have seen the greatest increase in demand, with a 130% increase in search frequency in 2023 as compared to 2022. However, consumers are also increasing their searches for items like cranes (+70%), forklifts (+46%), and scaffolding (+33%). At the same time, 2023 has seen a …
High Demand for Construction Equipment …
Emerging from a market coma worsened by the pandemic, the new and used equipment sectors are in the midst of a high-demand cycle. If the heavy machinery market can navigate its way through …
Top Factors influencing Heavy Equipment Market for 2022
Over the period of 2021-2028, the market for heavy construction equipment is anticipated to generate revenues of $257.2 billion and expand at a CAGR of 4.8%. Due to the government's increased emphasis on infrastructure development, the market for construction equipment (CE) is expanding very quickly.
North America Construction Equipment Rental Market Demand…
The North America construction equipment rental market was estimated at USD 42.64 billion in 2022 and is expected to reach USD 58.49 billion by 2029, growing at a CAGR of 4.62%.
North America Construction Equipment Rental Market …
Environmental Regulations to Hamper the Demand for Large Rental Construction Equipment The U.S. and Canadian governments, in 2021, committed to achieving net-zero emissions by 2050.
Construction Equipment Market Share, Size, & Growth …
Construction equipment is specially designed machinery that carries out heavy-duty operations in the construction sector with high efficiency & in minimal time. ... snowballing the number of smart city projects is another crucial aspect contributing to the growing demand for construction equipment & stimulating the overall Construction ...
Construction Equipment Rental Market Trends
According to the Construction Equipment Rental Association, construction equipment rentals have increased significantly and are expected to foresee a substantial rise in developing countries such as China, India, and Mexico. The demand from the equipment rental industry was impacted by the COVID-19 pandemic.
United States Construction Market Trends
The unemployment rate remains low both nationally and for construction as the overall workforce contracts by 2%. According to USBLS, there were 374,000 construction industry job openings in December. This is down 4.1% from this time last year, but still relatively high overall showing continued demand. Supply Chain & …
Encouraging Growth: Construction equipment industry …
The construction equipment industry plays a crucial role in stimulating economic development and contributes significantly to the GDP by enabling infrastructure development. ... the demand for mining equipment such as high-capacity excavators, motor graders and dozers also increased owing to a significant hike in coal production …
Construction Equipment Market Size, 2024-2032 …
As a result, there is a growing demand for modern construction equipment equipped with cutting-edge technology. The construction equipment market faces several restraints that impact its growth and development. …
6 trends to watch in construction equipment …
The global construction equipment market is expecting to see a slight downturn next year as demand for equipment is softening. However, this will probably be less severe for civil engineering …
Construction Equipment Market Size, Share & Growth …
The global construction equipment market size was valued at USD 142.39 billion in 2022 and is projected to grow from USD 151.60 billion in 2023 to USD 237.66 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period of 2023-2030. Asia Pacific dominated the construction equipment market with a share of 41.45% in 2022.
Digging out: Forecasting for construction OEMs in the …
Construction capex includes investments in new builds and projects, as well as repair and maintenance work in the construction sector, both of which drive demand for construction equipment. This metric is closely correlated with GDP growth, which has been increasing in the key CE markets of Europe and the United States over the past six …
Global Construction Equipment Market
Furthermore, as a result of falling housing prices and rapid urbanisation in developing countries, demand for construction equipment is increasing in the residential infrastructure construction sector. ... and shipping and transportation infrastructure are in high demand. Furthermore, some countries have begun to gradually resume activities in ...
Construction Equipment Market Size, Share
The construction equipment market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific accounted for the highest construction equipment market share and is anticipated to …
Demand Map
Construction jobs are in high demand. In fact, skilled trades remain the hardest jobs to fill for the 7th year in a row according to The Talent Shortage Survey by ManpowerGroup. Have you ever wondered what that opportunity looks like in your own state? Or even by a specific trade like welder or electrician?
When will the construction equipment market …
Mar 1, 2022. Construction equipment demand in 2022 is expected to grow 6% to 10% over the next 12 months on top of last year's 6% to 10% growth. RDO Equipment. Forgive your equipment suppliers ...
10 construction jobs with high demand
That's why construction managers normally receive high salaries for their services. With an unemployment rate of 2.8% and a median salary of 87,400$ (US market), that's a great opportunity for anyone who is after an exciting career in construction. Electricians. The job of an electrician in construction is also fundamental.
Soaring high: Construction equipment sales surpass 1 lakh …
Sales of backhoes and crawler excavators, accounted for over 90% of total sales of earthmoving equipment. Soaring high: Construction equipment sales surpass 1 lakh in FY23 with 26% growth. backhoe loaders, Coal production, concrete equipment sales, crawler excavators, Dimitrov Krishnan, earthmoving equipment, highway …