According to a new report out by Curt Young, an investment banker with FMI Capital Advisors, the Raleigh-based investment banking firm that deals almost exclusively with engineering and construction firms across the country, the construction industry, over the next five years is poised for growth.
Texas-based Expert Heavy Equipment (EHE) says they’re already prepared for the growth, which will be a huge benefit to their customers.
“Expert Heavy Equipment is differentiating itself from its competitors not only by pricing, but, by becoming a resource they can depend upon to have everything they need, when they need it,” said Milissa Wise, director of operations for Expert Heavy Equipment, which is female-veteran owned.
Young’s report, based on forecasts by FMI’s research services group, shows that while no one expects the engineering and construction industry to recover immediately all of its losses occurred over the last six years, there remains a strong desire to grow.
“Both public and private companies are under pressure from their stakeholders to get their trend lines pointed in an upward direction and capitalize on the first hint of opportunity,” he writes.
Wise points out that while many of her company’s competitors are only concerned about their bottom line rather than strategic growth and becoming an industry leader, EHE is positioned to take advantage of the opportunity by being fully prepared for the predicted growth, which is ultimately good for customers.
According to the FMI report, here’s the forecast for strong markets in the construction industry over the next five years:
Single family residential will grow 17.9 percent in 2014, but it will taper down to an average 15 percent growth each year through 2017; Multifamily residential will grow 28.9 percent in 2014, but it will slow to an average 13.9 percent growth each year through 2017; Lodging will grow 9.8 percent in 2014, and it will average 7.6 percent growth each year through 2017; Manufacturing will grow 6.5 percent in 2014, and it will average 6.9 percent growth through 2017; Health care will grow 3.9 percent in 2014, but it is forecast to ramp up in 2016 and 2017 to 8.4 percent and 9.1 percent growth each year respectively with an average five-year growth rate of 6.7 percent through 2017; Power and energy will grow 4.6 percent in 2014, but it is also expected to ramp up to 9.4 percent growth in 2016 with an average five-year growth rate of 7.4 percent through 2017.
EHEs goals are to become the go-to resource for buyers and sellers alike, by offering the best pricing possible. In addition, their long term goal is to become an industry leader by changing the traditional business model with their on demand inventory.
‘We’re ready to lead the way,” Wise said, before adding, “Join us on our journey and we’ll make sure that you succeed too.”
For more information, please visit: https://www.experthe.com.