Is 2025 Looking Good For Your Concrete Contracting Business?

If it sounds like it's going to be a good year, let's make it so. Take pride in your work. Appreciate your team. Be safe. Be kind.

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Full disclosure here, Concrete Contractor is not the only magazine I (attempt to) manage. As also editor of Rental I get a chance to connect with a very different angle of the construction industry. Rental's readers are the equipment and general tool rental stores you frequent whenever you need that specialized equipment needed to solve that one special problem that one time or get your hands on something to keep the jobs moving. It goes without saying that I also write on ForConstructionPros.com. Not here to list out my resume, just trying to give context to this transition and the crux of the Editor's Log for the January/February issue of Concrete Contractor

I recently had an interview with John Jeanguenat, vice president for the equipment segment at the American Rental Association, for the magazine's podcast "The Bottom Line" to get his perspective on 2025 for the rental industry. The TD;DR of it all - there's hope for a good year. 

Aside from the fact that the rental industry is also challenged with a lack of skilled labor, let's take a look at the roller coaster of the equipment supply chain. At one point of time there was an excess of demand and supply couldn't keep up. That's shifted. With an excess supply, Jenguenat says manufacturers are looking at an excess supply (in a general sense) of equipment in the marketplace. Things ebb and flow - we'll probably see this balance out in the coming years as demand and supply figuring things out. 

That's how this works, right? Let's say interest rates ease up. Shouldn't that cause the demand for construction projects increase? Then rental would see that effect with calls for more lifting equipment, compact equipment, and other assets you might not have in the back of your truck. I remember back during the pandemic where people put money toward their home and we saw growth in that market. High interest rates put a spike in that. But, "now that you're seeing interest rates come down, I think that more activity in the residential construction market is really good...I think we're hopeful that we see that in 2025 or at least start to see that move back in the right direction and drive growth within the industry," says Jenguenat. 

If it sounds like it's going to be a good year, let's make it so. Take pride in your work. Appreciate your team. Be safe. Be kind. 

Thank you for reading. Please enjoy this issue. READ THIS ISSUE HERE.


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