The Great American Group (OTCBB: GAMR) is reporting that the construction and heavy mobile equipment market will show another gain this year just as the sector did in 2013. Great American Group analysts believe that the expansion of domestic oil and gas operations in addition to rebounds in the commercial construction sector will drive the increase. Great American Group is an international company and provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies,
“The various sectors of the heavy mobile equipment market demonstrated growth in the fourth quarter of 2013, and are expected to continue to do so in 2014,” said Michael Petruski, Executive Vice President and General Manager of Great American Group’s Advisory and Valuation Services division, in a statement. “While new regulations do present challenges, the domestic market for heavy mobile equipment is strong and dynamic, and continues to climb toward pre-recession levels.”
The report also revealed that an improving domestic market will drive the growth. An excerpt from the report reveals the growth potential of cranes and related equipment. The National Association of Heavy Equipment Training Services offer specific training for cranes so we are excited to hear that this specific sector will show growth. From the report: “Crane and lift equipment values in the secondary marketplace continued to grow steadily in the fourth quarter of 2013. Moving into 2014, similar slow, steady growth is expected in all categories of this market segment, with rough terrain cranes expected to be in highest demand. Technological advances in this category, as well as with boom trucks and telehandlers, have added increased versatility that has been a major driver of demand in recent months.”
To view the entire Great American Group Heavy Equipment Monitor visit THIS link:
Fracking is also a niche sector that is driving major growth and spurring additional construction projects that support this part of the mining industry. The low-cost ethane found through fracking has made the U.S. extremely competitive globally. The success of fracking has led to new chemical and plastic construction projects that are needed to expand existing facilities and bring new processing and manufacturing plants online.
The National Association of Heavy Equipment Training Services is also seeing a positive demand in 2014 for training and assessments as construction companies seek to bring on qualified heavy equipment operators. NAHETS offers top-level heavy equipment training that supports the construction industry as a whole.
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