Tag Archives: 2014

2014 is going to bring a boost to the Resident Home Construction

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All over the world, the construction industry is experiencing a radical growth. With the increasing population, the need for a place for the people to live is also increasing every day. There had been a constant decrease in the rate of the construction of residential projects in the past few years, but in the year 2014, this trend is seen to be changing to a great extent and is expected to be radically transformed.

Reasons for the low record of the residential project constructions:

  1. The first and foremost reason to talk about while discussing the reasons for a stopped or rather reduced residential construction plans, must include the factor of economic depression all over the world. With the cost of products being increased and the rate of gross income being reduced in almost every country of this world, has been the major reason for this low record. This, of course, includes the reduction of the dollar rate worldwide.
  2. The budgeting of every country has constantly increased the cost of the heavy construction equipment in the past few years that has been a very strong reason for the inability of the construction companies to be able to buy new construction equipment for their construction companies or projects. As a result of this, the residential construction projects have not taken place in the past few years, to a great extent. Political turmoil has been a major reason for being a barrier in the construction of resident homes.

What is the market trend for resident house construction industry for the year 2014?

The McGraw Hill Construction company forecasts that with the year 2014 proceeding towards a stable economic growth, the resident home construction industry would have a huge increment in its construction market. There is a positive hope of increasing the number of construction rate to a double digit. Although, according to Robert Denk, the normal start of the housing would be at the rate of 1.3 million, the National Association of Home Builders, Washington, D.C. expects not to be too hopeful from the very beginning of this year. Towards the end of this year, Robert Denk of the National Association of Home Builders, Washington, D.C. believes, the number of housing would increase to an almost 18% or to be specific, 924,000 housings.

Economists from all over the world are very hopeful for this increment. A 1.5 million start by the next year, is a clear forecast that the year 2014 will have a smile on its face. As a result, the hard times of the heavy construction equipment manufacturing companies will hopefully come to an end. The cost of the construction equipment, matters a lot in the development and construction of new resident homes. Be it single residence or multiple residents, the year 2014 is going to be a big relief for those who are wishing to have their own homes.

The Commercial Construction Forecast for 2014

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The construction business has developed and made a strong position in the world. Due to its great profit and other advantages it has successfully made such position in the market. While in previous time, the housing market plays the major role to keep up the growth of construction business, now, the non residential or the commercial buildings are getting ready to take the business ahead. People are quite optimistic on the forecasts of commercial construction for 2014. In fact, this year is going to see a huge development in the public sector. Randy Giggard, the chief economist of FMI, Raleigh, N.C said “The recession pushed millions of workers out of the industry, and it is not going to be easy to get them back, so a slow but steady recovery might be the best thing for helping to control inflation.”

Due to the growing industries and offices there is a huge demand for commercial places in all over the world. In order to give a professional look to your business it is highly important to build an outstanding commercial building. Therefore, this business got an amazing responds in the last year and in the present year, the commercial construction market is going to have even stronger growth. However, there are some obstructions that cause little obstruction in the path of the business. One of the major problems is caused by the political uncertainty. It happens due to the extreme budget battles between ruling and opposition parties. Thereby, if any such political uncertainty starts to grow then it can hamper the growth of this business. But now, as per the research and predictions are concerned it can be said that commercial construction business is on the bright side.

The business of some big construction companies are really on the bright side as per the research is concerned. It will soon experience a 9% hike in this particular business in this year. In fact, it is also said that the housing and commercial buildings market value will be double in 2014. In the past three years many companies have seen some drastic loss in this business. So this increment of their profit will definitely help them to gain their reputation and profit. Many economists predict that such big companies will receive an 8% hike in the manufacturing work in next year and 6% in this year.

Thereby, it can be assumed that the commercial construction business of some big companies will definitely get a huge success in this year that will continue to the next year as well. In fact, not only the big industries, the small or medium industries that deal with this business will definitely get a positive respond from the market. It is the best time to boost up your construction business and apply such effective methods to make it a perfect business platform.

Forecast of the demand of heavy construction equipment in 2014

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With increasing population all over the world, the need for new place to live in, and a need for a better, more civilized and well-constructed earth is growing rapidly. Smooth roads, overpasses, bridges and other constructions have become such an integral part of our lives that we cannot but think of a life without these. Most of the times the construction companies fail to perform their task in time, due to a lack of the supply of the heavy construction equipment at the construction sites. Due to the extremely high cost of the heavy construction equipment, the demand for the construction equipment faces a lack of demand in the construction sites, rather by the construction companies.

As in most of the major countries in the world including Asian countries like China, Japan, Korea and of course India; Australia and the American countries including the most powerful United States of America, infrastructure is playing the main role, in the recent years, despite the cost of the heavy construction equipment, the construction companies are looking for these machines to reduce the cost of labour and to utilize time. In the Asia-Pacific region and the South American countries, the infrastructural growth has brought a focus on the heavy construction industry. As the major companies and powers are investing on the heavy construction equipment manufacturing companies, this sector is experiencing a rapid emergence.

The construction and infrastructural growth in these countries has led to the estimation that this industry is going to have a demand of almost 8.5% more than the previous years. The factors that would be responsible for this growth are of course new product launch, collaboration with other big forces, agreements, joint ventures, merges, expansion, investments and many more. The major heavy construction equipment manufacturing companies like the Caterpillar, John Deere and Co., Komatsu, Hitachi Construction Machinery, Volvo Construction Equipment, follow this same strategy to have a good response and demand throughout the year.

In the year 2014, the economic recovery in almost all the countries has been the most important reason for the growing demand of these machines. Increase in the rate of dollar cost and the recovery from the recession has made the construction industry grow again. The affordability of the people to have their own habitat and new scope for employment has made new constructions possible, making the construction industry grow rapidly. From loaders to excavators, from bulldozers to cranes, each and every kind of construction equipment will have a constant and continuous demand in the year 2014 and the nearby following years.

All those people who have been thinking of having a business in this industry can now start their business of selling and buying heavy construction equipment. This is the best time in the last few years to have a business in this industry. The prospect of this industry would only increase day by day, but has no possibility of reducing.

Forecast of the rental business in the heavy construction equipment in the year 2014

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In the year 2013, the heavy construction company has faced a very low sales market. The experts forecast that this trend will continue in the recent year as well. The highest authority in the forecast industry of the United States of America, the IHS Global Insight company has analysed the global economic tradition and has come to the conclusion that since the global market has faced an economic downfall, the sales market of the heavy construction company will continue to face a bad fortune; but this will make the rental market of the heavy construction company a big business.

Why does the rental industry for heavy construction equipment grow so rapidly?

There have been two major reasons that have been instrumental in making the rental industry for the heavy construction equipment grow so rapidly. They are:

  1. As there has been a constant demand of the heavy construction equipment, the construction companies look for the equipment through various sources. The heavy construction equipment costs a lot due to the facilities and mechanism that it provides to the users while they use the equipment at the construction sites. The extremely high cost of the equipment has, however, been a very big reason for making sales of the heavy construction equipment reduce to a great extent. The construction companies, therefore, look out for options like renting the equipment.
  2. The downfall in the global market due to the extremely economic loss worldwide has been another major reason for the reduction of the sales of construction equipment. This leads to the increase of the rental business of the heavy construction equipment.

What has been the trend of the increment of the rental industry of the heavy construction equipment?

From the year 2010, the rental industry has been experiencing a very bright fortune in the heavy construction equipment business. If the growth rate of the rental industry of the heavy construction equipment is analysed, then it will be seen that every year there has been a huge increment in the rental business. The IHS Global Insight company of the United States of America forecasts that this heavy construction equipment rental company will experience a huge increment of up to $36.7 billion.

What is the future prospect of the rental for construction equipment during the end of 2014?

Towards the end of this running year, the increment of the rental demand for the heavy construction equipment will be increased much more. During the recession in U.S.A., many people had to stay with their relatives and as the housing industries are growing rapidly, there has been a continuous need for the equipment. Many construction equipment manufacturing companies are, therefore, manufacturing new equipment for rental purposes. With an easy solution to be able to utilize the equipment at a much reduced cost has gained a very positive response from the users. With new constructions developing every day, this need will grow more and the rental business will have a very popular demand.

Forecast for Heavy Equipment Sales in the year 2014

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A revolution is going on all over the world, in the construction industry. With a constant growth of the population, there has been a need for new habitats for the people in every country. The construction companies are, therefore, going through a continuous pressure for building new construction. Not only the buildings, but also the construction of the roads, bridges and overpasses to build civilized world, the construction companies need to avail the heavy construction equipment without fail.

Why there has been a constant need for heavy construction equipment?

The heavy construction equipment makes the construction work extremely easy and helpful. Whether it is the construction of a overpass or the need to remove the demolished debris of an old construction, without the help of the construction equipment, the work would not have been possible, reducing the dependence on man power and increasing the rate of accuracy, the heavy construction equipment has turned the construction equipment upside down. When you use the construction equipment like the loader, excavator, bulldozer and other heavy construction equipment can do the task of demolishing, mixing, constructing and all other steps of construction work; can be done without any wastage of money.

The market of the heavy construction equipment:

The heavy construction equipment is one of the major industries in the world that has become the largest sectors for investment. All over the world, in every developing country, billions of dollars are being invested on this industry. Therefore, this market is experiencing a constant and continuous growth. Despite the extremely heavy price of the construction equipment due to the facilities, mechanism and the quality of the equipment that are manufactured by the best of heavy construction equipment manufacturing companies all over the world, the sales of these equipment do not become threatened.

The trend of sales of the heavy construction equipment in the year 2014:

As per the statisticians and the experts who can analyse the trends of demands and supply of the heavy construction equipment, the sales of the heavy construction equipment will increase by 100,000 units from the last few years trend. This includes the crawler excavators, backhoe loaders, dozers, asphalt pavers, wheel loaders, air compressors, motor graders, asphalt batching plants, concrete pumps, dump trucks, concrete and, compactors, piling rigs and mobile cranes.

In the past few years, the heavy construction equipment sales business in the countries like the United States of America, and in Asian countries like the China, Korea, Japan and India, has had serious business of more than $6.5 billion in each sector. Experts plan to see more of this equipment being sold this year. Apart from the cost of the products, there has been no barrier in this industry. But the facilities and the advantages that the construction equipment provides to the construction works, makes it extremely beneficial to use the heavy construction equipment and therefore, the sales will continue to be increased in this year as well.