While the global heavy equipment industry outlook varies greatly across regions and applications, overall growth fell slightly short of what we expected in 2019. Equipment manufacturers and dealers are compensating by adjusting business practices in 2020. Regional and global executives should ensure they have a clear picture of coming changes in the heavy equipment industry given a relatively uncertain market evolution in 2020 across the globe – our experts can help.
Despite some uncertainty, 2020 has potential for growth in many regions and segments. DuckerFrontier’s heavy equipment industry experts believe the overall heavy equipment market will show slow but steady growth next year. However, to maximize unit growth, profit margins are likely to take a hit.
In the short video below, DuckerFrontier’s heavy equipment experts outline three key trends that are emerging in 2020 as discussed in the 2020 Heavy Equipment Outlook that present valuable opportunities to capture opportunities and maintain profit margins across the industry:
DuckerFrontier’s Heavy Equipment team is at the forefront of key trends impacting the industry. How can we help you deliver better outcomes for your business in 2020? Contact us to connect with an industry expert.
Fill out the form below to download the 2020 Heavy Equipment Outlook.
*Editor’s note: This page was updated on January 28, 2020 to reflect current trends in the Heavy Equipment industry.