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Mar 18
Last Updated on 26 March 2018

Mini Excavators Help Complete Many Construction Projects

Heavy equipment attachments michigan

As the winter months finally come to an end, many outdoor construction projects around the country are kicking into hight gear. For many of these jobs, contracting for the right equipment is an essential part of the job. From lifts to loaders to sweep trucks, many heavy equipment parts suppliers are even more busy during the non winter months. And while many countries rely on construction industries to add to the overall economy of their country, the U.S. is a large part of these economic numbers. In fact, with a market share of nearly 10%, the U.S. is the second largest construction market worldwide.

The construction industry is a combination of both small details and large pieces of equipment. And while every part of the process is important, the rental industry is at the heart of many of the projects. Likewise, the repair services that are required to make sure that all of this equipment is running in top shape is also important. Consider some of these facts and figures about lifts and the other pieces of heavy equipment that are an important part of the nation’s construction industry:

  • 8.7 million Americans worked in construction as of 2010, according to the National Association of Home Builders. This number includes construction workers who build residential, commercial, and industrial buildings.
  • Green building currently accounts for 26% to 33% of the total residential building market and has helped contribute to the industry’s recovery after the recession the residential sector, according to Dodge Data and Analytics.
  • A recent report published in the Dodge Data and Analytics’ 2016 Construction Outlook the construction industry is predicted to show a 6% growth, and the value of construction starts should reach an estimated $712 billion.
  • With the top 50 companies generating about 90% of industry revenue, the U.S. construction machinery manufacturing industry is highly concentrated.
  • In its 2016 Construction Outlook, Dodge Data predicted single-family construction will see a 20% increase in starts this year. In comparison, multifamily builds are expected to post a 7% gain after several years of double-digit increases.

As you get ready to say good bye to the cold winter temperatures and welcome the warmer days of spring, summer, and fall, it should come as no surprise that many construction projects will be a part of both city building and state road projects.

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