The construction industry has since recovered from the market crash in 2008. The housing market had slowed down, causing contractors to lose out on work. Almost a decade later, the construction industry is booming once again. The United States construction industry consists of nearly 8 million production workers. The United States has a market share of 10 percent, making it the second largest construction market in the world.
This boom in construction is keeping contractors busy. As such, they need more and more equipment to perform their jobs. Whether they are working on single-family homes, apartments or commercial buildings like supermarkets and retail centers, they must be prepared to rent or buy heavy equipment. The boom in construction means that the global construction equipment market is doing well, bringing in around 145.5 billion dollars annually.
Contractors need a lot of heavy equipment, especially if they are erecting a building from the foundation up. Wheel loaders, mini and full-sized excavators, bulldozers, dump trucks, scrapers, graders and backhoes are just some of the equipment needed. To reach high places, you’ll also need a telehandler, more commonly known as a boom lift.
Although there is the option to rent equipment – especially if you’ll only use it for a few days or so – you can purchase equipment if you’ll need it for a longer period of time. If you plan to use the equipment on future jobs, then buying rather than renting makes sense.
The place where you purchase your equipment will likely offer equipment repair services. This is something to keep in mind, since it’s likely your machinery will break down at some point. The tractor may need a new part or quit working altogether.
Equipment repair services can get your machine up and running in no time, which is essential if you’re a contractor. Contractors must abide by strict schedules, and having to wait weeks for a tractor to get repaired can cause delays.
Even if you purchase used construction equipment, you can take advantage of equipment repair services. Some services even offer regular maintenance, so you can get the oil changed and tires replaced at regular intervals. This will help prevent serious mechanical issues down the line.