Top Recent Trends in Used Equipment & Machinery.
The current Covid19 situation has forced many companies to cut down on their capital costs, thereby increasing the demand for Used Equipment and Machinery. Current Trends and Demands 1) Recycling Equipment & Machinery is estimated to be around 6% CAGR from 2019 to 2026, as per…
Impact of AI & IoT on heavy equipment and machinery industry.
The key application of Artificial Intelligence in heavy equipment and machinery industry is a dynamic shift in how heavy equipment operator uses artificial intelligence as a safety and enhanced productivity measure in today’s time. Construction Companies like Komatsu partnered with NVIDIA to develop construction AI solutions for…
Everything You’ve Ever Wanted to Know About Used Equipment & Machinery
Companies are focusing more on purchase of used equipment and machinery, as purchasing a new one would mean increased labor cost and capital investment. Data revealed by Used Machinery Expo (UMEX), revealed that the share of used machinery in the machine tools industry sector is…