U.S. contractors to grow fleets over next 12 months

By Lindsey Anderson18 August 2014

U.S. construction industry end-users will increase equipment fleet and staff sizes in the coming year, according to a survey conducted by the Association of Equipment Manufacturers. Overall, smaller-sized companies have a more positive outlook than some of their bigger competitors. Companies that listed lifting or hoisting as one of their core categories seemed more positive about the future than others.

More than 1,200 responses were farmed by the AEM with about 680 of those heavily analyzed.

According to the survey, about 40-43 percent of companies with less than 1,000 employees indicate that they will increase their fleet size over the next 12 months and +/-30 percent said they are maintaining their fleet size. However, for larger companies with more than 1,000 staff members, the number was smaller, indicating only 25 percent of those responding will increase their fleet.

Around 47 percent said they will boost numbers through buying equipment while 13 percent will rent equipment and 22 percent will buy and rent equipment.

Other key findings included:

  • More of smaller companies (based on employment size) are planning to increase staff levels compared to the larger (1,000+ employee) companies.
  • While overall, 40 to 45 percent of companies indicated that they planned to increase fleet size, 54 percent of those that listed Lifting or Hoisting equipment categories indicated growth.
  • Across the equipment categories the amount of core equipment people might rent is roughly the same. However, when the employee breakout is looked at, smaller companies (less than 1,000 employees) are more inclined to rent core equipment.

The AEM Snaphot Survey’s seven questions ended with an inquiry into telematics use. Asked if they would use telematics in the next 18 months, 35 percent of respondents said they had no plans to incorporate the technology in the next five years while 27 percent said they don’t know how and don’t plan to use it. Only 22 percent said they know how and plan to use telematics and 15 percent were inclined to only answer “maybe.”

Delivered directly to your inbox, Access, Lift & Handlers Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
ALH Conference program announced
The full ALH Conference program has been announced for the Sept. 14 rental and access event in Chicago
Registration open for ALH Conference
Registration is now open for the ALH Conference set for Sept. 14 in Chicago with presentations to be given by Larry Silber, Matthew Elvin, Rob Messina and more
Full ALH Conference speaker lineup announced
Larry Silber, Herc Rentals CEO, to give keynote at this year’s ALH Conference on September 14
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website

Lindsey Anderson Editor, Access, Lift & Handlers Tel: +1 312 929 4409 E-mail: lindsey.anderson@khl.com
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: tony.radke@khl.com