Despite headwinds from 2020, the construction industry outlook is cautiously optimistic. As you work with your team to capitalize on new opportunities, there are a few trends to keep in mind that can help you optimize your equipment maintenance program – ultimately helping you deliver jobs on budget and on time.
To better understand these opportunities, here are the top three trends that we’re seeing in 2021:
1. Preventative maintenance programs should be treated as predictive maintenance strategies
For as long as it’s existed, the construction industry has worked to improve equipment uptime while reducing downtime. As a result, many construction companies have come to the realization that preventative maintenance (PM) programs are essential to the efficiency and productivity of an operation.
When it comes to fleets, as you are well aware, any downtime can lead to losses due to time-consuming equipment repairs that put your completion schedule at risk. Equipment upkeep and maintenance needs to be a top priority for all construction companies.
Although preventative maintenance is considered a high priority for nearly any fleet, many PM programs still have room for improvement. Historically, PM programs were designed based on the recommendations of partner OEMs, which include oil changing intervals, filter replacements and equipment inspections. Today, newer technologies, like digital monitoring and more advanced lubricant formulations, offer operators the opportunity to develop predictive maintenance programs that help extend operation time and better plan out major component replacements.
Predictive maintenance tools, such as Mobil Serv℠ Lubricant Analysis (MSLA), leverage this technology to analyze oil quality and detect problems before breakdowns occur — See how MSLA once helped a fleet save more than $185k.
2. The future of construction fleet maintenance is digital
Construction businesses have long stayed connected through technology, but with the onset of COVID-19, digital solutions have become more of a necessity.
Much of this new technology focuses on enhanced fleet management and comes from essential OEMs, like Komatsu and Caterpillar. Their capabilities offer a range of robust solutions, all aiming to improve collaboration across the industry.
One of the challenges that comes with using technology to run a business is ensuring that all information will be organized and consistent, which is difficult to achieve if you are using multiple platforms from various OEMs combined with challenges from managing multiple job sites.
This obstacle is what led to the creation of Mobil Serv℠ Asset Management (MSAM). ExxonMobil’s new technology was designed with the operators in mind, and is all about organizing, automating, and streamlining all maintenance-related activities conveniently on one platform with real-time reporting.
3. Fuel efficiency is key to success
Fuel is a major cost for any construction business. Finding new ways to reduce fuel consumption can have a huge impact, and more industry players are rolling out fuel-efficient solutions.
Some OEMs have already taken big strides. For instance, Cat recently introduced its 420 XE backhoe loaders that are designed for better improved efficiency, while Volvo Construction Equipment has also rolled out its EC250E and EC300E excavators, which can improve fuel efficiency by as much as 10 percent.
But fuel efficiency can be as simple as choosing the right lubricant. Certain hydraulic fluids can improve fuel economy by several percentage points. Mobil DTE™ 10 Excel hydraulic oil can potentially improve efficiency by up to six percent.
If you have any questions, or want to discuss these trends in more detail, don’t hesitate to reach out and find your local Mobil Serv℠ Engineering team via the Talk to an Expert form.
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