Accurate Heavy Machinery Asset Tracking Solution
Save Time & Accurately Track All Your Assets
This RFID solution makes it simple to conduct the asset management of any heavy-duty machinery facility by having an employee pass through the facility while holding a computer with an RFID reader, which tracks the tagged assets when within range of the tags.
What This System Tracks
Our RFID system can track all heavy-duty machinery industry assets including:
- Demolition balls
- Mechanical hammers
- Skid steer loaders
- Tilting trucks
- Excavators, bulldozers, motor graders and cranes
- Tools, oils, fluids, hoses and wires
- Spare parts and equipment
An RFID tag should be attached to each asset, which will then read by a handheld RFID reader held by an employee within the tag’s range.
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The Heavy Duty Machinery Industry
The heavy-duty machinery industry refers to all the equipment, facilities and products used mainly in transportation or construction. The industry faced tremendous growth in the late 19th century when heavy equipment was used in the production of aircraft, ships, skyscrapers, dams, rockets and wind turbines. Today, the industry is highly valued on the global market and is expected to continue growing in the years to come.
Heavy equipment is used for the production or extraction of chemicals, oil, mining, steel and other related industry activities. The heavy-duty machinery industry is very capital-intensive, meaning that a lot of equipment is required for its operational processes.
Earthmoving machinery is one of the leading assets within the heavy-duty machinery industry. High demand in such heavy-duty machinery can be seen especially in developing countries, such as India or Indonesia. These countries are currently investing in transport infrastructure and therefore have the need for earthmoving machinery.
Material handling machinery is yet another leading equipment in the industry and it accounts for around one-third of the heavy-duty equipment market. Due to several projects that involve high-rise buildings, material handling machinery such as cranes, forklifts or dumpers are crucial within the construction process.
Concrete and road construction assets account for almost one-fifth of the market. Equipment used for concrete and road construction includes rollers, transit mixers and asphalt pavers.
Caterpillar (CAT), an American company based in Illinois, is the leading heavy machinery manufacturing company in the world. Other U.S. heavy-duty machinery companies are John Deere, Komatsu, Terex, VOLVO, Bobcat and JCB. Although over the past couple of years, the United States has faced a decrease in the residential construction sector, there has been a constant increase in the case of non-residential private sectors. Based on the latest predictions, constant growth in the infrastructure and real estate industries is expected to continue and, consequently, in the heavy-duty machinery industry as well.
One of the most important trends within the heavy-duty machinery industry is the ongoing technological progress. Several companies are trying to add digital value in their daily operations by incorporating data analytics, digital workforce, asset-network maximization and robotics.
Data analytics is a great tool that can be used to enhance process performance through the analysis of internal and external factors and predictions about the evolution of all machinery. The digital workforce within this industry means the implementation of human-machine technology, which helps establishments get access to real-time information, inspections or order streaming. Robotics is believed to be the future within the heavy industry. By implementing robotics in important processes, such as guided vehicle automation, companies would be able to optimize their fixed costs. Although the automatization of the process may lead to changes in the labor market in the future, currently it is unlikely to affect the number of employees in the industry, as the robotics solutions suitable for the heavy-duty environments are not yet generally available to be implemented in the operation process. The digitalization process is believed to boost the efficiency, productivity and reliability of the daily manufacturing operations.
Overall, The heavy-duty machinery industry is expected to grow in revenue with more sustainable measures being promoted and implemented in upcoming years.