Page 11 - Construction_Opportunities_September_2024

CO VER STOR Y
COVER STORY

Fast Facts
� Technological advancements are shaping the market,
with companies integrating smart diagnostics for
enhanced monitoring and efficiency.
� In the next decade, the construction industry is
Rapid technological upgrades, including telematics, GPS expected to witness a significant shift in business
tracking, and automation, are revolutionizing the construction models, with Equipment as a Service (EaaS) emerging
equipment market, according to recent research by Global as a viable option.
Market Insights. These innovations improve equipment
performance, enhance safety features, and increase operational � For those machines that currently continue to demand
efficiency. Contractors and construction companies are diesel fuel, manufacturers are exploring technology
increasingly adopting technologically advanced machinery to that will at least lower the emission of that fuel. This
optimize project timelines, reduce costs, and minimize downtime. is resulting in longer operation with less harm to the
As a result, there is a growing demand for modern construction environment.
equipment equipped with cutting-edge technology. � Camera systems are being added to machines that
Ever-advancing technology and green energy are the consistent not only increase rearview but all-around view as
focal points for advancement. Large machines are becoming well (AVMs), dramatically increasing an operator’s
safer, more accurate, and more environmentally friendly, as perspective of the job site.
the industry now looks to prioritizing autonomy as it meets the � By embracing connectivity, the construction equipment
demands of this modern world. industry can unlock new levels of efficiency and
New data from Komatsu Smart Construction has indicated streamline operations.
the adoption of digital tools across the construction sector

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