The future of the construction industry can, at times, hinge on the future of the crane industry. Advancements in crane tech can determine the efficiencies of this year’s work sites. And evolutions in the crane market can determine the tools available for construction projects across the world.
It goes without saying, then, that we must understand what’s next for the cranes in 2021. So, let’s jump in and take a look at what we predict will shape the crane industry this upcoming year, from battery-powered cranes to construction backlogs due to COVID-19 and beyond.
Major Factor #1 — Battery-Powered Equipment
In 2020, we saw the birth of the world’s first battery-powered crawler crane. And it packs a punch. It’s quieter than typical cranes, fast-charging, and as strong as a standard crane.
Plus, batteries provide a cleaner energy source than typical fossil-fuel-based products. As a result, battery-powered cranes are more energy-efficient, better for the environment, and release fewer harmful emissions.
Why does any of this matter for 2021? Well, in years past, battery-powered cranes were the goal. But now they’re the reality. And with on-the-job benefits like reduced noise, great charge time, and real-world toughness — as well as their climate-friendly features — they’re sure to be the way of the future, paving the way for an electric future.
Major Factor #2 — Technological Advancements
Along with the engineering advancements listed above, 2021 also promises to be an exciting year of ever-evolving technological innovations.
In 2020, the construction industry saw an increase in new tech, making life easier on the job site. From all-new sensors making data collection easier to the artificial intelligence systems making sense of the data — the everyday worksite has taken a big leap into a more connected and digital future.
As a result, we see an increased push and emphasis on streamlined business processes and increased day-to-day efficiencies.
Why does this matter for 2021? Because with increased digital connectivity, there will also come a whole host of new products and tools optimized for improved speed, quality, and precision — cranes included.
Major Factor #3 — COVID-19 Backlogs
Last but not least, let’s address the elephant in the room.
2020 hit the economy in a problematic way. And the construction industry was no exception. As a result, heading into 2021, there’s been a recognizable decline in the backlog for many companies and firms worldwide.
It’s no surprise, then, that this issue of the backlog will be a major factor in 2021 crane usage and play a key role in shaping overarching 2021 crane industry trends.
For instance, it’s been reported that many construction firms are chasing jobs well below their average financial ranges. And, what’s more, with so much sickness having spread via COVID-19, many individuals and companies haven’t been as eager to return to the job site.
Why does this matter for 2021? Unfortunately, many firms aren’t as eager to purchase new equipment if they cannot anticipate or project steady incoming business and cash flow. As a result, this impacts the production, sales, and distribution of cranes across the globe.
Things to Know About the Crane Industry in 2021
While many serious factors affect the crane industry globally, there are still many major trends to be excited about. From technological advancements to the birth of a battery revolution, 2021 promises to be an inspiring new year for cranes — albeit challenging at times, we’re sure.
Now more than ever, it’s important to stay up-to-date on this year’s crane news and forecasts. So, be sure to visit our site and look for the latest! And for any of your construction, production, or crane industry needs — you know who to call.
Contact us any time, any day. We’re here for you!