The Rise of Second Hand Construction Equipment Amidst COVID

It comes as no surprise that the outbreak of coronavirus affected the functioning of countries significantly, but it also affected specific industries, their production, and the supply chain. One such sector is the Construction industry with its halt in working and progress. However, this temporary break has given the domain time to plan, structure, and make a striking comeback.

By now, plenty of businesses have been actively preparing their long-term prospects and returning to the new normal working condition slowly. They are making changes and amendments to their operations accordingly to ensure the safety of their staff. Another requirement for this industry is to equip itself with proper machinery to meet future project demands.

For those considering second hand tower cranes, NFT has previously covered all factors to consider when make the decision to invest. 

 

What is the solution?

As supply has been affected due to “lockdowns”, the demand for new products has increased substantially. Moreover, taking a look at the requirement of used construction equipment- it is expected that this market will withstand the pressure and expand. It has now become a trend in the construction sector to purchase second-hand construction equipment.

One of the most prominent advantages of getting used construction equipment is that one can acquire these at much better and budget-friendly price than newer ones. Having a smooth working production line, with these pieces of equipment, can promote better productivity. These are also great for having reduced operational costs and fuel efficacy.

Getting second-hand construction equipment can make the business more agile. The used types of equipment are also ideal to be employed in short-term projects that have a specific requirement. With less value depreciation, you may even resell the equipment after the project is over. These are also the best options for projects that need a distinctive machine for a job.

With the economy slowly stepping back into its usual phase, the demand for the construction industry will increase as the global markets experience a boost in infrastructure. Therefore, this decision making would make a difference.

Highlighting the Advantages of Buying Second Hand Construction Equipment

  • Effective Budget-Management

As all construction businesses will be recovering from the sudden drop, they will have to keep a close eye on their budget and expenditure. This means that using second-hand equipment would be a reliable option; rather than buying expensive equipment or hiring agencies. This will also save you from making extra savings as the used equipment does not face a high-value depreciation as new ones. Additionally, the expenses on additional accessories, sales tax, and operational licenses will be saved.

 

  • Wider Variety of Equipment

As mentioned above, the supply of the construction equipment is scarce- this imposes that a limited product range will be made available to the buyers. However, if we look at the second-hand equipment market, it already consists of a wide range of products that are ready to be purchased. This could be a positive sign for the industry as they can have substitute machinery for the time being.

 

  • Ideal for Future Resell Prospects

Unlike the new machines, these equipment have low depreciation value; that will help collect good returns when sold again. The new equipment loses its value the moment it is taken out from the showroom; almost half of its total value. However, if you purchase used construction equipment make sure that you keep complete track of its performance, servicing, and all related information. The more information you provide for resale, the higher the price you get.

 

  • Finding Spare Parts is Easy

Whenever you buy second-hand equipment, there are chances that you will require a few spare or replacement parts. As these machines have been used before, they might get easily worn down. However, this aspect only adds on to the benefits of second-hand equipment. Just like the extensive equipment range, the availability of spares is effortless as well. You may also change the old part with a new and compatible one to enhance the equipment’s functioning.

  • An Eco-Friendly Choice

Reshaping the former industrial relations would become a challenge for many construction-related businesses. However, using equipment that has low carbon emission could help you establish the pre-COVID era image again. Second-hand construction equipment also decreases the generation of industrial waste. One can also get used recycling and waste-management units to control the waste generation.

  • What’s the Final Verdict?

While new machines can and will render dependable performance and quality assurances, buying second-hand construction equipment could be more advantageous. You can buy a machine as per your project demand and then trade it to other interested buyers. This means you will have to check your requirements adequately and then search for available options. These will support smoother operations, all while boosting your productivity.

Not only are these cost-effective options for the restart of the global market but also demand less input and can be improved by adding spare parts over time. As the supply of machines is delayed due to the ongoing pandemic- an innovative, definitive, and effective solution for the need for construction equipment in the industry can be fulfilled through the second-hand options.

NFT’s stock of second hand cranes 

SELF ERECTION
Type Y.O.M Jib (m) Hoist winch
IGO21 2008 24 8LVF9
IGO36 2004, 2005 32 15LVF10
IGO50 2008 40 15LVF10
GTMR360A 1977, 1981, 2004 30 to 40 PC
GTMR360B 2004 40 PC
GTMR386A 1987,1989,1990,1991,1992,1994,1997, 2002,2004, 2006,  2009 40 to 50 PC
GTMR386B 2006, 2007, 2008 40 to 55 PC
GTMR400A 1985, 1987, 1993, 1990 40 to 50 PC
EUROPEAN HAMMERHEAD RANGE
Type Y.O.M Jib (m) Hoist winch Mast type (m)
MC80 1995 38 33PC MC1.2×1.2
MC85B 2004, 2005 40 25PC13 MC1.2×1.2
MD185-h10 2002 60 75LVF25 MD1.6X1.6
MD125A 1999 55 45RCS15 MD1.6X1.6
MD125A 2000 50 RCS MD1.6X1.6
MD150 1996 45 33LVF20 MD1.6X1.6
MD175A 1992, 1998, 1999, 2000 45 to 55 33LVF20 MD1.6X1.6
MD175B 2002 50 50LVF20 MD1.6X1.6
MD208 2002 50 50LVF25 MD1.6×1.6
MD238 – 10T 2002, 2008 55 to 65 50LVF25 MD1.6X1.6 & MD 2×2
MD238 – 10T 2002 60 33LVF25 MD1.6X1.6
MD238 – 12 T 2008 65 100LVF30 MD2X2
MD238 – 12 T 2008 55 to 65 75LVF30 MD1.6X1.6 & MD2X2
MD238-12T 2003, 2004 60 to 65 50LVF30 MD1.6×1.6 & MD2x2
MD220 G12 1993 60 LVF MC2x2
MD235 1999, 2000 45 to 50 50LVF25
MD235A 12T 1999, 2000 60 50RCS30 MD2X2
MD235 1996, 1997 55 to 60 55RCS25 MD1.6X1.6
MD250J12 1993 60 to 65 55LTV 30 MD2X2
MD250J12 1993 45 70RCS30 MC2x2
MC265 1998 65 70RCS30 MC2x2
MD265B1 2006 50 50LVF30 MD2x2
MD265B 1999, 2008 30 to 65 75LVF30 MD2x2
MD265 1997, 1998 45 70RCS30 MD2x2
MD265A 1997, 1999 55 to 60 55RCS30D MD2x2
MD265 J12 1996 65 RCS MD2x2
MD265 2007 55 100LVF30 MD2X2
MD285 2000, 2004, 2005, 2006 2007 50 to 70 75LVF30 MD2X2
MD285A 12T 2000 60 50LVF30 MD2x2
MD305B 2000 60 75LVF30 MD 2X2
MD310 L12 2006 45 50 LVF 30 MD2x2
MD345B L12 2009 65 100LVF30 MD2x2
MD345B L12 1998 60 75LVF30 MD2x2
MD345B L12 2009 55 50LVF30 MD2X2
MD345B 16T 2000, 2001 75 75LVF40 MD2x2
MD365 L16 2007 55 75LVF30 MD2x2
MD485-25 2005 70 150LCC63 MD2.45×2.45
MD500 1993 70 55RCS40 K2.5×2.5
MD550 2003 80 150LCC63
MD550 2008 80 100LVF50 MD
MD900 1987 50 120LMD80 MD4X4
MD1100 2018 80 270LVF100 R98A
MD1100 2010 80 250LCC100 R98A
MD1100 2008 80 250LCC100 K4X4
ASIA HAMMERHEAD RANGE
Type Y.O.M Jib (m) Hoist winch Mast type (m)
MCI 85A 2013 50 25PC13 MC1.2×1.2
MC115B 2005, 2010 50 33PC15 MC1.6X1.6
MC125B 1997, 2014, 2015 60 33PC15 MC1.6X1.6
MC125 2018 60 40LVF15 MC1.6×1.6
MC175B 2007, 2008 60 45RCS25 MC1.6×1.6
MC175B 2008 60 50LVF20 MC1.6×1.6
MC175C 2018 60 60LVF20 MC1.6×1.6
MC180-2C 1997 55 70RCS25 MC1.6X1.6
MC180-2C 1997 50 55RCS25 MC2x2
MC180-2C 1996 45 55RCS MC1.6X1.6
MC205B 2011 60 55RCS25 MC2X2
MC235A 1998 65 55RCS30 MC2x2
MC235 2006, 2005 65 50LVF25 MC2x2
MC235BJ10 2011 65 75LVF25 MC2X2
MC235BJ10 2014 65 55RCS25 MC2X2
MC235BJ10 1998 65 33LVF25 M2X2
MC235C 2016, 2017 65 60LVF25 MC2X2
MC300L12 1998 60 70 RCS30 MC2X2
MC310 K12 2010 70 50LVF30 MC2x2
MC310 K12 2008, 2012, 2014, 2015, 2017, 2019 70 70RCS30 MC2x2
MC310 K12 2006, 2009,  2010, 2013, 2014, 2015 40 75LVF30 MC2x2
MC310 K16 2014, 2015 70 75LVF40 M2X2
MC465 2018 80 100LVF63 M619
MC475 2017 80 100LVF63 R87
EUROPEAN FLAT TOP RANGE
Type Y.O.M Jib (m) Hoist winch Mast type (m)
MCT88 2007 52 LVF MC1.2×1.2
MDT178 2005, 2006, 2007 50 to 60 33LVF20 MD1.6X1.6
MDT268 J12 2009 65 100LVF30 MD2x2
MDT368 L12 2009 60 to 75 75LVF30 MD2X2
MDT368 L16 2009 75 100LVF40 MD2x2
MDT368 L16 2009 50 to 75 75LVF30 MD2x2

 

 

ASIA FLAT TOP RANGE
Type Y.O.M Jib (m) Hoist winch Mast type (m)
MCT85-F5 2015 52m 25PC15 MC1.2×1.2
MCT205-10 2014, 2015, 2018, 2019 65 60LVF25 MC2X2
MCT325 L12 2019 75 75LVF30 MC2X2
MCT385B-14T 2016, 2017 75 75LVF35 M619A
MCT385 2C 2019 75 75LVF35 L69B2
MCT385 2C 2019 75 75LVF35 M619
MCT385 2C 2019 75 75LVF35 MC2x2
MCT385-20 2014 30 to 75 100LVF50 M2x2

 

EUROPEAN LUFFING RANGE
Type Y.O.M Jib (m) Hoist winch Mast type (m)
MR160B 2004 50 50LVF25 MD1.6X1.6
MR160C 2008 50 100LVF25 MD1.6×1.6
MR160C 2008 50 75LVF25 MD1.6×1.6
MR220B 2003 150LCC30 MD2x2
MR225A 2006, 2010 55 100LVF35 MD2X2
MR295 2010 60 150LVF63GH MD2x2
MR415 2010 60 180LBR120 MD2.45×2.45
MR418 2016 60 150LVF120 MD2.45×2.45
MR418SP 2016 60 270LVF120 2.45X2.45
MR608 2018 60 270LVF80 MD2.45×2.45
ASIA LUFFING RANGE
Type Y.O.M Jib (m) Hoist winch Mast type (m)
MCR160 2017 50 60LVF25 MC1.6X1.6 & MC2x2
MCR225 2008, 2009, 2017 55 75LVF35 MC2X2
MCR225 2007, 2008, 2009, 2010, 2018, 2019 55 100LVF35 MC2x2
MCR295-20 2018 60 100LVF50 M619
MCR295-20 2018 60 150LVF50 M619

End.

Sources:

http://www.construction-today.com/editor-s-blog/2514-the-advantages-of-buying-used-construction-equipmenthttps://national-lift-equipment.nleq.com/why-used-construction-equipment-is-a-better-buyhttps://www.plantandequipment.com/blog/advantages-of-buying-used-construction-equipmenthttps://www.rbauction.com/blog/5-advantages-to-buying-used-vs-new-heavy-equipment-trucks-https://blog.ringpower.com/post/Used-Construction-Equipment-Value-Guide.aspx#:~:text=The%20most%20obvious%20benefit%20to%20buying%20used%20construction,greater%20fuel%20efficiency%20and%20lower%20operating%20costs%20overallhttps://www.hklaw.com/en/insights/publications/2020/05/a-look-at-covid19-impacts-on-the-construction-industry