6 big construction industry trends for 2022
Want to know what to expect for the construction industry in 2022? We’ve rounded up 6 of the biggest trends that will affect the industry in the coming year.
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Learn the Value of Your Equipment: FREE Price Results Tool
Here at Ritchie Bros., our customers often ask how much items are selling for in the market or how much their equipment is worth if they decide to sell. That’s why we’ve created Ritchie Bros. Price Results. This free, online tool pulls historic pricing information from our global sales channels to help you make the best possible decisions when you’re buying or selling machines.Keep reading to learn how to estimate the price of your equipment in 3 quick and easy steps.
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The European Green Deal and How It Impacts the Heavy Equipment Market (+ webinar recording)
Together with the ERA and NVL, Ritchie Bros. hosted an online webinar about The European Green Deal and Its Impact on Equipment Financing & Renting, to provide an overview of the effects of the European Green Deal on the financing and rental & leasing sectors. Read this blog to find out about how the industries plan to navigate the transition to a greener, more sustainable future.
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A Seller’s Market: Interview With Jeroen Rijk
Ritchie Bros.’ Managing Director of EMEA and Latin America, Jeroen Rijk, has worked in the heavy equipment industry for 25 years. However, he has never witnessed the unprecedented demand for equipment at the moment. Could this be one of the best times in decades to sell heavy machinery?
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RESEARCH: 4 equipment buying and selling trends every construction business should know
Ritchie Bros. recently conducted a survey, which sought the views, experiences and plans of over 200 construction businesses across Germany, France, The Netherlands, and the UK. The survey revealed 4 equipment buying and selling trends every construction business should know. Let’s dive in!
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Beating the curve: How online asset transactions benefit leasing companies
A Ritchie Bros. survey conducted in March and April among construction equipment owners showed how confident the market is in transacting industrial equipment and trucks online. The study showed more than 70% of the respondents claimed that buying and selling heavy machinery online is a good replacement for doing it face-to-face. This shift to online transactions, clearly accelerated by COVID-19 in 2020, comes with a massive benefit for those overseeing asset management in our industry. Market data is now richer than ever before. The only thing standing in the way for asset managers is having good tools and services to interpret the available data.
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Industry Voices | Adaptation
We all felt the shockwaves through our industry when Covid-19 kicked in almost a year ago. In a year full of ups and downs, the businesses and people in the industry have adapted to new ways of working. When the first lockdowns kicked in in March 2020, Ritchie Bros. shifted its massive equipment auctions entirely to online. Among the first was Ritchie Bros.’ Meppen (Germany) auction in March 2020 that pre-COVID saw hundreds of on-site bidders attend. Processes were adapted to facilitate the online auction experience, resulting in 40% more bidders compared to the same auction the year before.
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Five Steps To Keep Your Construction Company Safe Online
Over the last few years, the construction industry has seen a shift to e-commerce and online operations. It means equipment buyers and sellers can enjoy the many benefits of a truly global, virtual marketplace. However, this digital transformation also means that companies have to ensure that their cybersecurity strategies are up-to-date. To help you protect your business, Ritchie Bros. has created a free guide for equipment owners that will support them in taking the right steps.
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