The construction market has rebounded in recent years, with continued strength projected through 2019 (as highlighted in the 2019 Annual Report & Forecast). Many fleet owners and managers have re-invested in their fleets to make up for previous years of extending life cycles as long as they could. Many others remain in a position today where their fleet requires upgrading/modernization — and we’re at an inflection point with technology where newer/current machines provide significant operational and cost savings advantages over machines that may be five or 10 years older.
On top of having equipment with leading technology, however, is the ability to maintain cash flow that allows for investment and re-investment into other areas of an operation. Whether that’s in people, marketing, or strategy development, those factors have an impact on whether companies thrive.