LiuGong is Setting Record Growth Within the Construction Equipment Industry

The World Economic Forum (WEF) announced LiuGong has been selected to as one of the Global Growth Companies (GCC).  LiuGong is in company with 12 of the region’s most dynamic and high-growth companies and was the only one construction machinery industry on the list. GGCs are fast-growing companies with the clear potential to become global…

EHE Auctions Provides an Alternative to the Construction Machinery Show in Saudi Arabia

Let’s face it: When you want or need heavy equipment, you want the absolute best there is to offer, and at the right price. And for many, especially in the GCC region, the upcoming Construction Machinery Show, is the place to be, which is the largest dedicated event for heavy machinery and construction equipment in…

Find Out the Age Benchmarks on Used Heavy Equipment By Category

Equipment Watch recently released market data concerning average resale age on used heavy construction equipment. The information which evaluates information for the continental United States, indicates there are some significant differences in average age on equipment being resold versus through auctions.  For example, the average age for resale on a wheel loader is 7.4 years…

US Oil and Gas Will Surge for Years, Firm Projects

The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy) Eagle Ford Shale production will jump 50 percent this year, hitting an average 844,000 barrels per day,  according to an analysis by research and consulting firm Wood Mackenzie. And despite slumping natural gas prices, the northeast United States will double gas…

2014 Equipment Forecast: Mixed Growth Dampens New Machine Sales

Demand for rented machines, such as this boom lift, has rental fleets gradually replacing units. As construction continues its slow recovery, sales of new construction machines are expected to remain muted next year, with flat to slightly positive movement in 2013, analysts say. The market expects rental companies and dealers that operate rental lots to…

Construction Equipment Trends

As reported by Nathan Medcalf  , the editor of  Equipment Journal, Canada’s business-to-business newspaper that focuses on the construction, material handling mining and forestry industries. What are current construction equipment trends? Current equipment trends include: Rented equipment is becoming a larger portion of an end-user’s fleet; End-users and rental companies are replenishing their fleets after…