By: Rob Wertheimer 

We have had the same cranes thesis since 2011, that the product is longer lived, with cranes operating for 15-30 years versus 7-15 for other machinery. We therefore thought there would be no replacement cycle this cycle. And until construction activity surpassed the 2008 peak, there would be limited need for fleet expansion either.

Note: Published April 16th, 2018

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