Equipment Sector

Report Forecasts 4.6MM Construction Equipment Telematics Systems by 2021

Growing at a compound annual growth rate of 21.3%, the active installed base of active construction equipment OEM telematics systems is estimated to reach 4.6 million units worldwide in 2021. read more

ATA Truck Tonnage Index Rises 7.6% Y/Y in November

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index jumped again in November, rising 2.3% to 151.8, up from 148.4 in October. read more

Global Forklift Sales Increase 8.3%, China Still Largest Market

According to Research and Markets, global forklift orders and sales for 2016 increased 7.5% and 8.3%, respectively, compared to the previous year. read more

ACT: Contract Rates Expected to Continue Rising into 2018

According to ACT Research, the freight index rose faster than the capacity index for the 11th consecutive month, allowing the supply-demand balance to climb to the second highest reading ever recorded. read more

AuctionTime.com Sells More Than $21 MMM in Equipment

Buyers and sellers around the world transacted more than $21 million in construction, agriculture, and commercial trucking assets through online auction platform AuctionTime.com last week. read more

JCB Earns Three Top 100 New Products of 2017 Awards

Three different pieces of equipment from JCB were name to Construction Equipment magazine’s 2017 Top 100 New Products Awards. read more

Mining, Gas & Oil Machinery Market to Grow 5.2% Through 2020

According to a report from BCC Research, the global mining and oil and gas machinery manufacturing market will grow at a CAGR of 5.2% through 2020 and reach $324.1 billion. read more

U.S. Cutting Tool 2017 YTD Consumption up 8.0 % in October

October U.S. cutting tool consumption totaled $198.00 million according to the U.S. Cutting Tool Institute and the Association For Manufacturing Technology. read more

JLG Telehandlers, Smartload Technology Capture Product Awards

JLG Industries won top honors in two categories of Rental Equipment Register’s annual Innovative Product Award competition. read more

Healthcare Equipment Leasing Market to Grow 6.77% by 2021

According to a Research and Markets report, the global healthcare equipment leasing market to grow at a CAGR of 6.77% from 2017 to 2021. read more

Machine Tool Orders Up 7.6% Year/Year through October

According to the Association for Manufacturing Technology, orders for manufacturing technology reached $428.3 million through October, up 7.6% compared to the same point in 2016. read more

Texas Leads Year/Year Increase in U.S. Rig Counts

According to the latest Baker Hughes U.S. rig count report, Texas added 156 rigs to its count, up more than 50% from 303 rigs one year ago. The latest overall U.S. rig count of 931 was up 307 or 49% year over year. read more

Automated Material Handling Systems Market to Grow 11.2% by 2022

According to a report from Research and Markets, the global automated material handling systems market will grow at a CAGR of 11.2% from 2017 to 2022. read more

Boeing Forecasts Stable Growth, Diversified Funding in 2018

According to a Boeing forecast, 2018 will bring diverse markets and participants will continue the upward trend in availability of efficient financing for record new aircraft deliveries. read more

Fleet Advantage: Truck Cost Savings Continue to Increase Y/Y

According to Fleet Advantage, fleet operators can realize a first-year per-truck savings of $22,162 when upgrading from a 2012 sleeper model-year truck to a 2018 model, a 17% increase in savings compared to 2016. read more

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