Heavy Equipment Trends to Watch

Much is changing in the heavy equipment world—from the financing to the attachments to the embedded technology to the type of worker operating the machine. Keeping an eye on the trends will be key to ensuring success in the future.

First, we see data from the U.S. BLS (Bureau of Labor Statistics) shows a bump in employment. Overall employment of heavy vehicle and mobile equipment service technicians is projected to grow 9% from 2023 to 2033, or roughly 24,100 openings each year on average throughout the course of the decade. This is faster than the average for all occupations due to several factors such as workers transferring to other jobs or exiting the labor force through retirement.

Equipment Trends

While the labor market is experiencing some changes, so is the equipment market itself. In May, Equipment Trader released its 2025 Heavy Equipment Market Trends Report, which looks ...