Report from EquipmentWatch and AEMP Analyzes Effects of Tier 4
Equipment Watch, provider of data, software and insight for the heavy equipment industry, has released its 2016 Tier 4 Benchmark Report, developed in partnership with the Association of Equipment Management Professionals. The report analyzes responses from more than 300 major equipment and rental companies to measure the true impact of the Tier 4 Final transition on the heavy equipment industry.
The report communicates the overall adoption, acquisition and practical ownership of Tier 4 assets. EquipmentWatch and AEMP have partnered again to survey the market to gauge how heavy equipment operators are implementing new technology to meet Tier 4 emissions standards, as well as to better understand the impact of the regulations on the industry.
“This is our second annual report, and Tier 4 equipment trends are taking shape more clearly across the industry,” said Garrett Schemmel, vice president and market leader, EquipmentWatch. “We’ve taken a comprehensive approach, examining everything from purchasing trends and life-cycle expectations to the effect on total cost of ownership. This is a must-have report for fleet managers, equipment dealers and finance experts, as well as OEMs.”
“AEMP is committed to empowering the heavy equipment industry with data and intelligence that helps simplify the equipment management cycle,” added Stan Orr, president of AEMP. “This report helps create consensus on current adoption and management trends around Tier 4 equipment and its lifecycle.”
Among the findings, the report shows that Tier 4 equipment now accounts for a majority of new heavy equipment acquisitions, and that about 63 percent of the heavy equipment financed or leased in the past 12 months is Tier 4 compared to 35 percent in 2014. On average, businesses can expect to pay 15 percent more for financing Tier 4 equipment compared to Tier 3.
About 43 percent of insurance policies written in the past 12 months have been for Tier 4 equipment and on average businesses can expect to pay about 30 percen more to insure Tier 4 equipment compared to Tier 3.
The report is can be downloaded for free at: http://intel.equipmentwatch.com/2016-tier-4-benchmark-report/?elqTrackId=29eec23d2fe8438f88d15b7f01b76058&elq=2a4cbd53b26c41e4a29f83cc8240e27f&elqaid=7137&elqat=1&elqCampaignId=5845&utm_rid=CPEQW000000039321&utm_campaign=7137&utm_medium=email&elq2=2a4cbd53b26c41e4a29f83cc8240e27f
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.