Published in Construction Digest
It’s impressive to see how construction machinery for fleets has evolved in tandem with technology. Today’s excavators, pavers, backhoes, and bulldozers can all be programmed using CAD design drawings to operate more efficiently and effectively. Long gone are the days when engineers had to simply depend on craft workers in the field to get it right.
Yet as machinery has become more sophisticated, construction teams across the country have pondered the cost.
An early 2024 prediction by the Equipment Leasing and Finance Association said, “As the global equipment-as-a-service (EaaS) market is expected to grow at an annual compounded rate of around 50 percent through 2030, the market is beginning to see a shift with U.S. businesses that are increasingly employing a subscription-based model instead of purchasing construction equipment.”
