As equipment manufacturers look ahead to the remainder of 2023 and beyond, the landscape continues to present challenges for the industry and the ag and construction customers it serves.
Association of Equipment Manufacturers (AEM) members report demand for products across both industries has softened. However, particularly in construction, investments in infrastructure, energy and utilities, point to better days ahead. And, as outlined in AEM’s recently held Q3 Equipment Outlook Webinar, a wealth of data suggests optimism – both in the short term and long term – is (and should be) prevalent.
Now, with Q3 in full swing, and the final few months of the year right around the corner, a pair of AEM sector leaders provided their own thoughts and perspectives on the outlooks for the construction and ag industries, respectively:
AEM’s Senior Director of Construction Sara Feuling on the challenges and opportunities facing the construction industry in the near term:
As the construction industry embraces change, there will be no shortage of challenges on the horizon. However, along with those challenges come a multitude of opportunities. Numerous equipment technologies will fundamentally transform the way the construction industry operates, which necessitates an entirely new approach, not only to the jobsite itself but also to people and workforce. A variety of alternative power solutions also will be considered and implemented as the industry looks to reduce its carbon footprint, each bringing along with it its own unique challenges. The construction industry is nothing but resilient, though, and it will continue to face challenges head on and take advantage of opportunities in front of it.
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