North American demand for telescopic-boom aerial work platforms reached pre-pandemic levels in 2022 giving manufacturers new incentives to fund product development. Access Lift & Handlers magazine reported that this is particularly true for rough terrain product lines used in infrastructure, manufacturing and commercial construction projects.
New powertrains, including a growing emphasis on all-electric products, promise to reduce carbon footprints to meet Environmental, Social and Governmental (ESG) goals that are increasingly important to stockholders and investors. Diesel-electric hybrids represent another path to reduced carbon emissions by permitting smaller engines to be used along with technologies like auto start/stop and intelligent machine control systems.
In addition, new ANSI safety standards requiring integrated load and tilt sensors have allowed manufacturers to increase platform capacities within the restricted operating envelope because they no longer have to rate equipment on a “worst-case” basis. These, and many other innovations, says the article, promise to keep OEMs busy and financially healthy in 2023 and beyond.
Reporting says a slowing economy saw sales decline by 21 percent in 2024.
Learn MoreVarious industry groups are reporting the signals to be very mixed.
Read moreAn influencer can link OEMs with the people who will use the equipment.
Read moreThe rental market is influencing new mini excavator design.
Read moreSunbelt Rentals will be the official equipment provider for the games.
Read moreWhat impact will the recently announced 25 percent U.S. tariffs have on the global generator set market?
Read moreA recent article in Compact Equipment magazine explored the difference and offered some guidelines for selecting the best balance for various applications.
Read moreThe Construction Index reports that April marked the third consecutive month of construction output growth in Great Britain according to the Office for National Statistics.
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