As 2024 draws to a close, virtually everyone in the industry is trying to figure out what to expect from the rapidly approaching new year 2025.
We wonder what the economy be will like, what forces will drive it, what sectors will be hot or cool and what key challenges we will face.
Of course, no one knows for sure. Unforeseen events can have significant effects. Changes in political regimes, the price of materials, interest rates and even unforeseen pandemics can alter the outlook quickly.
Nonetheless, businesses must make some educated estimates in order to plan and move forward.
To give readers a feel for what 2025 might look like from different perspectives, Contractors Hot Line asked experts from various aspects of the industry to tell readers a few key trends they expect in 2025.
Representing general contractors is Ken Simonson, chief economist for the Associated General Contractors of America( AGC).
Looking from the fleet owner’ s viewpoint is Chad Rados, project coordinator for the ALL Family of Companies, one of the United States’ largest crane rental operations.
Looking from the financier’ s perspective is Harry Fry, president of Harry Fry and Associates, a finance and lease source dedicated to the crane and lifting industry.
Giving a look from the crane manufacturer’ s point of view is Pat Collins, director of product marketing at Link- Belt Cranes.
And looking from the crane dealer’ s point of view is Jason MacKenzie, president of Select Crane Sales, which sells and rents both new and used units.
Contractors Hot Line thanks them all for sharing their insights with our readers.