Construction Equipment Aftermarket Outlook-Session Recording

Video Transcription

Video Summary

In this video, John Blodgett, a market research consultant from McCain Company, provides an update on the construction-related economy and shares the latest information on aftermarket demand in the industry. He discusses the impact of the recession on different sectors of the construction market and highlights the importance of resolving public health issues and getting people back to work and school to drive the economy. Blodgett also discusses the aftermarket for construction equipment, including the size of the market and the types of parts that are in demand. He mentions that the majority of service work is done by the equipment owners themselves, but equipment dealers and independent distributors are also important sources for replacement parts. Blodgett concludes with a five-year outlook for the construction equipment aftermarket, noting that overall growth is expected, although the year 2020 may be slightly flat compared to previous years.

Keywords

construction-related economy

aftermarket demand

recession impact

construction market sectors

public health issues

equipment owners

equipment dealers

replacement parts