Tag Archives: used equipment

Construction Industry Trends in 2022

2021 brought a lot of obstacles for the construction industry. The rise of construction costs, labor shortages, and the COVID-19 pandemic has changed how our industry does business. Many industry trends continue to emerge from the pandemic and are changing the roles of industry professionals and frontline workers.

 

Here are 5 major construction industry trends to look for in 2022:

Shortage of Laborers

One very noticeable construction trend is a steady increase in the demand for labor. Quality labor is expensive and competitive. According to the U.S. Bureau of Labor Statistics, between 2021-2022, the construction sector is projected to grow 2.6 percent. This equates to 1.6 million new jobs. An influx of educated and seasoned workers will be needed to manage and interpret the data produced by new technology.

Modular and Offsite Construction

Modular and prefab construction is experiencing multiyear rapid growth, and it is not slowing down. The modular construction market, led by the residential sector, is predicted to increase to almost $110 billion by 2025. This uptick is driven by a lack of skilled labor and an increase in cost-cutting technology.

Increasing Material Costs

The U.S. Bureau of Labor Statistics reported that the Producer Price Index for construction goods increased by 17% year over year in 2021. Rising interest rates are likely to compound all types of costs, which will result in further pressure on total construction costs. Technologies like drones will be in key in helping to maintain project volume and combat this cost pressure.

Green Building

With more and more people looking for ways to protect the environment, green construction has become the standard for homebuyers, renters and commercial tenants. Unfortunately, many sustainable and eco-friendly features remain out of reach despite their long-term saving opportunities. This may change over the next decade as eco-tech and sustainable construction become more acceptable and affordable.

Protective Equipment

The COVID-19 pandemic drastically impacted the construction industry by affecting site guidelines with updated state regulations emphasizing cleanliness and strict safety protocols.¬†There is a growth of new devices capable of identifying common safety issues. Some examples of this new technology include material-moving “mules” that transport heavy or hazardous materials and robots that could complete mundane tasks like brick laying to larger more complex tasks.¬†

These are just a few of the construction industry trends for 2022, there are many more to be on the look out for. Visit the Hugg & Hall website to find out how we can help you stay on trend in 2022!

Average Lifespan of a Forklift

Forklifts, and any heavy equipment for that matter, are a pricey investment. We want to get the most for our money, and want machinery that will last for years to come. So, what is the average lifespan of a forklift?

How Old is My Forklift?

A forklift’s lifespan is measured by hours of use, not years. The industry measures forklift lifespans in hours because every business utilizes their machines at different rates.

For example- if you are wanting to purchase a used forklift from, say a Hugg & Hall salesmen, which would you rather purchase:

A 1-year-old forklift from a prominent local warehouse company that ran its forklift 8 hours per day, seven days per week. (Approximately 2,912 hours total) OR

A forklift from a family owned business that utilized their forklift 12 hours per month for five years. (720 hours total)

This is why we look at machinery in terms of hours instead of actual physical age. The stress on a forklift’s lift mass and the process of constantly lifting and lowering equipment is what causes most machines to break down over time, not so much any parts wearing from age.

How Long Should I Expect My Forklift to Last?

The average lifespan of a forklift is 10,000 hours. This may vary depending on the manufacturer, brands like Doosan and Toyota typically have longer lifespans of 15,000-20,000 hours. When your forklift starts sounding like the junkyard will be its new home soon, a refurb program may save the day! Your forklift will receive a through inspection based on its history and needs. To utilize Hugg & Hall’s refurb program, contact your local PSSR!