Welcome to CONEXPO/CON-AGG

Visit Ritchie Bros. in the West Hall (Booth #43001)

North America’s largest equipment tradeshow, CONEXPO/CON-AGG now is underway in Las Vegas, NV, welcoming hundreds of thousands of contractors, manufacturers, dealers, service providers, and more. For our booth in the West Hall, we have brought all our brands together under one roof, including Ritchie Bros. Auctioneers, IronPlanet, Marketplace-E, Rouse Services, SmartEquip, Veritread, and Ritchie Bros. Financial Services. if you’re at the show, we encourage you to come visit us and learn more about how we can help you and your business.

On Wednesday, March 15 at 4 p.m., we will be hosting a discussion panel in our booth, providing insights on equipment lifecycle management with Ritchie Bros. experts and special guests. Come visit, grab a drink, and learn about the future of our industry.

Go deeper & learn at CONEXPO

Beyond the thousands of booths and displays, CONEXPO/CON-AGG hosts many informative sessions on a huge variety of topics. On Tuesday, March 14, Ritchie Bros. and Rouse Services hosted an informative discussion on The Future Asset Management & Liquidation. The session was led by Rouse Services’ Managing Director of Sales, Doug Rusch, to a packed room, as you can see from the photo above.

We also attended a couple other sessions on Tuesday, including a panel on The Future of Building, which was hosted by the Association of Equipment Manufacturers and featured guest speakers Dave Batcheller of Appareo, Eric Baker of Astec Industries, Kevin Garcia from Trimble, Jamie Roush of Dynapac North America, and Tammo Wagner of John Deere.

Together, the panel discussed 10 key trends to keep an eye on over the next ten years, including:

1. Carbon-based Fuels
2. Renewable Energy
3. Compact Equipment
4. Connectivity
5. Autonomous Machinery
6. Sensors
7. Workforce
8. Business Models
9. Construction Data
10. Cybersecurity

The conversation mainly focused on electrification, autonomous equipment, and other innovations expected, but they also discussed workforce issues, training, and more. To read a white paper on this topic created by AEM, visit aem.org/future-of-building.

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We also attended a great seminar on Economic Trends in the Industry, hosted by Danny Richards, Lead Economist (Construction) for Global Data, which tracks more than 200,000 construction megaprojects (US$25 million & above). According to Mr. Richards, we are in for a challenging period ahead, as investment weakens due to inflation and rising interest rates.

He also mentioned that residential & associated construction work is expected to drop sharply in 2023, as suggested by a number of leading indicators. However, there are still big opportunities for construction, as infrastructure and energy-related projects ramp up.

Overall, Mr. Richards said he and Global Data expect construction output to recover momentum growth in 2024, assuming a benign global economic backdrop.

See also

What BigIron Means for Ritchie Bros. Ag Sellers