Heavy Machinery
Advent of advanced technologies such as IoT, telematics, AI & machine learning (ML) has transformed the heavy machinery sector. The industry comprises crawler tractors, skidders, excavators, aerial lifts, generators & light towers, concrete saws, large towable air compressors, backhoes, motor graders, earth compactors & rollers, bulldozers, wheel loaders, trenchers, and skid-steer loaders. Some of the factors considered while choosing heavy equipment are equipment quality, safety, and material. The traditional and smart machines are found widely across industries such as construction, industrial, agricultural, mining, manufacturing, and others.
Manufacturers in the industry continue to deliver equipment integrated with next-generation technologies to reduce human errors, operational time, and cost. As customers and governments move towards sustainable products & business practices, the manufacturers need to realign their operations and machinery design towards reuse of resources, reduction of waste, and eco-friendly power options. Companies in the industry need to expand and change the portfolio in response to the regulatory changes related to emissions & safety and sustainability.
Drivers:
- End-use companies are focusing on educating operators with better tools including simulation software to reduce worksite accidents
- Governments are introducing strict safety & emission regulations including acoustic cabin levels, noise levels, rollovers, and vibration levels
- Rising integration of advanced technologies such as IoT & telematics into heavy equipment
- Moving forward into 2023 and beyond, manufacturers will focus on two key factors: operability and user comfort. Operability includes access to spare parts, uptime performance, and fuel consumption. User comfort addresses parameters around the cabin including interior & exterior noise and seats.
- Regional or local OEMs have advantages in terms of working with domestic clients and catering to customization requirements
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