Industrial Revolution 4.0 To Evolve Construction Equipment Industry

In the past few years, we have seen a significant evolution in different industries. However, the construction equipment industry is fighting against mechanical and other external factors.

Amid all the transformations, we have stepped into the Fourth Industrial Revolution, or IR 4.0. The current industrial revolution is all about integrating smart technologies to build sustainable and eco-friendly infrastructures.

IR 4.0 includes convulsionary trends like the upsurge of data analytics, heavy equipment with advanced features, human-machine relations, and modern robotics.

Increasing Demand For Progressive Construction Techniques

The fourth industrial revolution is the epitome of sparking innovation in conventional construction techniques and equipment.

To understand how IR 4.0 is laying unshakeable industrial foundations, let’s shed some light on the latest developments;

Robust Steel-Framed Assemblies

The reason why steel is an engineer’s choice is the tenacity it offers to build a solid structure.

However, the specialized cranes and excavators assist in the quick and quality making of steel-framed assemblies for high-rise open-space buildings.

Reinforced Concrete

The development of reinforced concrete brings versatility and higher levels of strength to the table.

In accompanied by advanced heavy equipment, the reinforced concrete may help in constructing resistant, multipurpose, and cost-effective architecture.

Hightech Excavation And Earthmoving Operations

The current industrial revolution is helping the onsite operators with easy-to-operate, multi-functional earth-moving machinery and sturdy excavators.

It enables covering greater pieces of land efficiently which will further assist in the smooth development of large construction projects.

All thanks to IR 4.0 for saving machine operators from demanding physical operations!

The Combination Of IR 4.0 With IIoT

In the construction industry, around 90% of the industries have the common practice of using 50-60 years old used heavy equipment. These legacy assets come with analog characteristics that make it challenging to adjust to the fast-paced digital era.

After the arrival of IR 4.0, IIoT is also spreading within the construction industries like wild free. IIoT is the Industrial Internet of Things that enables data monitoring and equipment automation operations smoother and faster.

Smart devices like human-machine networks ease the utilization used heavy equipment for contractors to buy used heavy construction equipment. IIoT further improvises heavy machinery manufacturing plant floors along with easing the process of machinery’s component replacement.

Old-age equipment is vulnerable to wear and tear challenges. Some used heavy construction equipment may require part replacement which is an expensive choice for the buyer to make. Since the construction industry offers a thin profit ratio. The ‘play & play’ IIoT option eliminates the need for expensive part replacement which is a plus point for heavy equipment traders and buyers.

With apt data management software, the company gets the margin of making a data-driven decision and fully unveils the IIot and IR 4.0 fusion’s advantages.

IR 4.0 Influencing The Global Construction Market’s Economy

The fourth industrial revolution is predicted to leave a lasting impression on the global construction market.

According to a recent McKinsey Global Institute survey, the global construction market is already adopting smart heavy equipment and AI techniques for better and sustainable developments by 2025.

Construction companies fully adopting AI will see an increase of 122% in cash cashflow. Companies that are partially towards the adoption of digitization will see a 10% hike while companies that solely discard the IR 4.0 can witness a 23% decreased cash flow rate.

However, by 2025, the heavy equipment manufacturers and trades will see a hike of $3.7 trillion in the value development sector.

Additionally, the coming decades will shift the interest of heavy equipment traders toward adopting robotics;

• 30% reduction in manual operations in the assembly lines 
• The decline in demand for conventional numeracy talent by 20%
• 50% demand for AI-friendly skills 
• Increase demand for diverse cognitive skills by 33% 
• Increase the ratio of emotional intelligence by 30% 

In 2025, the value creation potential of Industry 4.0 for manufacturers and suppliers is expected to reach $3.7 trillion.

The Perpetual Legacy To Witness

In a nutshell, the changes by the fourth industrial revolution are unprecedented in the heavy equipment industry. From reinforced concrete to steel-framed assemblies to advanced earth-moving equipment, the 4th revolution is transforming old-age techniques into a developmental powerhouse.

By the same token, the integration of the industrial Internet of Things i.e. IIoT is paving the way for accurate streamlining of construction operations.

As a reflection, this era of transformation will induce lasting advancements in terms of security, productivity, and longevity. It’s offering an affirmative push to conventional heavy equipment traders and construction companies to move forward and unlock future betterment.

About MY-Equipment 

MY-Equipment trades used heavy construction equipment globally. Dealing with renowned heavy equipment brands, the company has a wide inventory for catering heavy equipment needs of its diverse clientele. To upgrade your heavy equipment directory as per IR 4.0., head to MY-Equipment.com NOW and buy quality used heavy construction equipment before the stock runs out.