1. THE FUTURE WILL REQUIRE MORE SENSORS
There has never been a greater need for sensors on MEWP booms and platforms. That’s because there has been a significant increase in electrification and standardization in the market, including the rollout of A92.20 safety standards and a general move towards complex CAN bus systems. These emerging trends are certain to add a new level of intricacy to each system, which will require a greater reliance on sensors to ensure safety and automation.
2. LIFTS WILL GET SMALLER, MORE VERSITILE
There will be a growing demand in the U.S. market for smaller, more versatile lifts that can navigate tighter spaces. As urbanization and suburbanization are projected to increase in the coming years and decades, smaller, more flexible lifts will be necessary to manage the denser areas of cities and population centers. In many cases, these smaller machines will increase end user productivity by 2-3 times the current output of larger, slower machines.
3. MARKET CONFIDENCE IS HIGH
Overall, our biggest takeaway from Utility Expo is the growing optimism in the market from top OEMs and contractors. The earmarks for growth include an expected increase in government spending, slow but steady economic recovery from the 2020 downturn, and an increase in demand from cities and urban centers. With all that in mind, the future is bright for new and used machines in the utility sector.
MOBA is also optimistic about the future from our own market prognostication. We are positioning ourselves to grow our partnerships with OEMs and contractors to ensure the provide the best automation technology on the market.