Penton's EquipmentWatch, the world's leader in heavy equipment data, intelligence and insights, announced the launch of the Tier 4 Benchmark Report. Created in partnership with the Association of Equipment Management Professionals (AEMP), the first-of-its-kind report analyzes responses from over 300 major equipment and rental companies to measure the true impact of the Tier 4 Final transition on the heavy equipment industry.
"With phase-in now in its final year, we've been hearing from the industry that the true adoption and impact of Tier 4 is unclear," explained Garrett Schemmel, Managing Director for EquipmentWatch. "Through our survey, we have identified key trends around the rate of Tier 4 adoption within fleets, the rate of expected future investments, rental rate increases, and total cost of ownership, and changing costs of financing and insuring Tier 4 equipment."
EquipmentWatch and AEMP have made this report available for free download here.
EquipmentWatch is the trusted source for heavy equipment data. EquipmentWatch produces the leading database information products for the construction equipment industry and is the world leader in heavy construction research and serves more than 15,000 professional, high-volume users of construction and lift-truck data. Our online and print products are valuable tools in decisions surrounding the purchase, valuation, operation, and disposal of equipment.