Mobile elevating work platform manufacturer Skyjack won EquipmentWatch’s 2021 Lowest Cost of Ownership award for its telescopic boom range. Using current marketplace data to project lowest cost of ownership over the next five years, EquipmentWatch identified Skyjack’s telescopic booms as the top choice for rental companies looking for the best value for their fleet.
“We’re honored that our telescopic booms were recognized for lowest cost of ownership,” said Kurt Atchison, director of product management at Skyjack. “This award is a barometer to how well we have capitalized on opportunities to increase our customers’ return on investment by improving reliability and serviceability.”
Skyjack’s telescopic booms cover core classes from a 40-foot (12m) platform height to an 86-foot (26m) platform height. They offer dual capacity ratings, up to 1,000 pounds (454kg), which maximizes the potential application and job site use for these machines. All models are designed with low maintenance and cost of ownership in mind with easily accessible service components and Skyjack’s SKYCODED™ control system.
Earlier this year, Skyjack updated its 40-foot telescopic booms, leveraging its SMARTORQUE technology and data-driven design to lower cost of ownership for rental companies. The new models offer increased return on investment through less emission regulation components, reduced fuel usage, reduced engine OEM intervention, and no downtime related to aftertreatment among other cost-saving features.
“We worked hard to optimize our booms and the result is reflected in operating savings for our customers,” said Corey Connolly, product manager at Skyjack. “The implementation of a smaller hp engine is reflective of true job site usage, while delivering the same on-site performance. These are major strides for Skyjack as we continue to find even more ways to deliver affordable top value for our customers.”
A world leader in digital intelligence for the heavy equipment industry, EquipmentWatch captures millions of data records on items like age, acquisition cost, run hours, and market observations to project equipment that will offer the lowest cost of ownership in the next five years. Analysts examine year-over-year depreciation for more than 12,000 models and use a proprietary algorithm to predict values in the future.
“The EquipmentWatch analysts are excited to mark the 6th year of the Highest Retained Value and 4th year of Lowest Cost of Ownership awards,” said Jessica Carr, director of data and analytics, EquipmentWatch. “The team continues to react to market dynamics, fine-tune the analysis and expand our database. To see so many repeat winning manufacturers - in light of our deepened insight - is a testament to how well their equipment holds its value.”
Award winners were announced at a press conference during the World of Concrete 2021 trade show in Las Vegas. To learn more about Skyjack’s telescopic booms, visit www.skyjack.com.