INTRODUCTION & OVERVIEW:
- Prefabrication and Modular Builders
- 3 D Printing and Robotics
- Advanced Construction Vehicles (Sensors/IOT, Autonomy, Remote Operation)
- Marketplaces
- Equipment Tracking & Fleet Management
As the sector has grown, we cannot continue to highlight just 50 companies covering all of these specialty areas. In fact, we now have more than 50 companies covered in our companies database for most of these categories. Not only have we seen dozens of companies emerge in each of these sector areas, but we also see the amount of money going into individual companies in these sectors expand significantly. In the past year, alone, we witnessed $400 million raise by 3D printing company, ICON. Meanwhile, in the Modular and Digital Prefabrication specialty area, San Mateo, California-based, Veev also raised $400 million. Meantime, in the Equipment Marketplace sector, Equipment Share completed a $207 Million round, while in the Equipment Management Sector, internet-of-things company, Samsera completed an oversubscribed IPO valuing the company at more than $10 billion.
All of this money is fueling ever more entries into the market, and so, we have begun segmenting our Lists. This year’s Equipment Management 50 List will focus on marketplaces and management systems. We will cover other specialty areas on other Lists and in other reports. Even as we narrow our focus, it is worth noting that we actually have identified more than 50 technology companies in Marketplaces and Management. So, even with the reduced number of categories, the List is not comprehensive. More companies can be found in our company database, which features more than 5000 built world companies.
It is also worth noting that, despite the money going into the sector, there appears to be neither a clear sector winner for equipment management systems in construction nor even clear evidence of broad penetration in the market. The question of choice of equipment management system received one of the lowest response rates in our benchmarking survey questions to our contractor members. While many may not use equipment directly, we have found that lack of responses to questions in our surveys often happen because contractors either do not use any systems in the category or do not have a clear answer to the question. This hypothesis was further validated by the number of responses that indicated no solution, a self developed solution, a combination of solutions, or an answer like “we just use manufacturer systems.” Of the twelve specific responses we did receive, no two contractors indicated using the same resource.
In addition to the above-noted issue that most manufacturers have systems for their equipment that offer features others do not and that may not support all brands, equipment rental and marketplace solutions increasingly offer equipment management dashboards, and we also are seeing more integration with project management systems from both directions. Notably, Hilti concluded a $300 million acquisition of field management software, Fieldwire last December while Stanley Black & Decker completed its own acquisition of task management software company, Buildup, last year. So, while the sector is seeing billions of dollars of investment, and solutions proliferate, it is not at all clear that a single winner for the sector will emerge any time soon. That said, there are many multibillion dollar tools, equipment, and sales/rental companies in the sector. So, it may be that there is also room for several major tool and equipment management solutions, as well.
Interested in Construction Technology Research?
This July 13-14, we'll be hosting our Construction Tech Conference in Chicago's Fulton Market. We'll be covering topics ranging from reconstruction and estimating, project oversight and business intelligence, and smart jobsites.
CATEGORY:
MARKETPLACES
BigRentz
BigRentz is leading the equipment rental industry with a comprehensive solution providing a seamless experience to customers and suppliers. They simplify the procurement and logistics challenges of renting construction equipment. Customers can browse equipment, view location-based market rates, request quotes, and place orders through their website or portal.
Boom & Bucket
Headquartered in Austin, TX, Boom & Bucket is building the modern marketplace for all things heavy equipment. Comprised of industry veterans, they see themselves as true partners when it comes to buying or selling construction equipment.
DOZR
DOZR is an intelligent comprehensive search platform for heavy equipment. Their mission is to bring heavy equipment within reach for anyone, anywhere, anytime by leveraging technology. Today they have approximately 3000 contractors using the platform and roughly $300 million worth of equipment available in inventory.
EquipmentShare
EquipmentShare is a nationwide construction technology and equipment solutions company. EquipmentShare is trying to change the way construction does business through its cloud-powered technology platform of fleet management solutions. EquipmentShare can track any piece of equipment, regardless of the brand, to monitor machines, tools, people and materials.
Intempo
With their mix of technology, support, and community, they're different from other rental software providers. Although Intempo was founded in 2015, their software has powered rental businesses across the world for decades. InTempo combines the wealth of knowledge to bring you a whole new experience designed specifically for local and regional rental businesses.
Ironup
IronUp is a software platform that allows contractors to take control of their equipment rentals in one, single interface. Manage the entire rental process, and everything that comes after, for all suppliers.
Krank
If you buy or sell heavy machinery you understand the power of relationships. Krank is the heavy equipment marketplace where you can securely connect & network for sales today or in the future.
Machinio
Find used tractors, excavators, cranes, forklifts, lathes, presses, trucks, and trailers on Machinio. Their online listing system has a wide-variety of used heavy-equipment for sale. They also list heavy-equipment auction events taking place both online and in-person.
Skrap
Some might refer to Skrap as the Uber of construction hiring. An app that brings together workers and contractors looking to fill positions. This powerful online platform is making it easy to address hiring in the construction industry.
Tenderd
Tenderd is a heavy equipment rental marketplace for Middle East & Africa . Their platform has access to a fleet of +3000 machines at a moment’s notice.
Tobly
Tobly is a an equipment rental marketplace for multi-site facilities management.
United Rentals
United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,200+ rental locations in North America, 11 in Europe, 28 in Australia, and 18 in New Zealand. In North America, the company operates in 49 states and every Canadian province.
Yardlink
YardLink is improving the way construction equipment is rented. Using technology, they're helping building contractors find and rent equipment quickly, easily and cost-effectively from a network of trusted suppliers. Through a single account, contractors can source and manage a range of kit, from excavators to boom lifts, 24/7.
Interested in Construction Technology Research?
This July 13-14, we'll be hosting our Construction Tech Conference in Chicago's Fulton Market. We'll be covering topics ranging from reconstruction and estimating, project oversight and business intelligence, and smart jobsites.
Category:
TRACKING SOFTWARE
AkitaBox
AkitaBox is attempting to revolutionize building operations and facility management by empowering customers with fast, accurate, and actionable data. Their visual platform helps drive performance across hundreds of organizations in the higher education, healthcare, commercial real estate, government, and manufacturing industries.
Ardent Hire Solutions
One of UK’s premier hiring companies, Ardent's focus on people has been a main differentiating factors. Their corporate values are Passion, Pace & Performance – all key to delivering world class service. They are ingrained across the business, from recruitment of colleagues to the servicing and delivery of their products.
B2W Software
B2W Software empowers and inspires heavy civil construction companies to win more work and complete it more profitably. The company’s ONE Platform includes advanced, unified applications to manage estimating, scheduling, field tracking, equipment maintenance, data capture and business intelligence.
BusyBusy
Busybusy has created a simple, easy to use mobile time tracking and equipment tracking solution for construction companies. Their platform provides access to important project data, helping builders save time, increase profitability, and eliminate the hassle of paper time cards.
Chetu
Chetu is a US-based software development company providing businesses worldwide with tailored software solutions from industry specialized developers.
Clue
Clue is an all-in-one construction management platform that maximizes productivity and minimizes downtime for the entire fleet. With Clue, customers eliminate 20% of annual operational waste through better productivity management, maintenance, asset allocation, and total cost of ownership planning.
Command Alkon
Whether you need to procure, make, dispatch, sell, or track and trace heavy building materials, Command Alkon Solutions deliver visibility, business process automation, and supply chain collaboration.
EarthWave Technologies
Software that better helps utilize time, money and efficiencies through real-time data. If you can measure it, you can improve it.
Eyrus
The Eyrus platform combines Workforce Visibility and Field Productivity to generate the ultimate Construction Workforce Intelligence. Using automated data collection in real-time, Eyrus provides simple and seamless solutions that enhance levels of workforce insight and support construction professionals in delivering their projects on time and on budget.
Fleetio
Fleetio is the simple alternative to spreadsheets and outdated fleet software — designed to help you automate fleet operations tasks and keep vehicles and equipment running smoothly.
Foundation Software
Foundation Software is a national software developer that, for the past 35 years, has provided contractors with America’s #1 construction accounting software®; FOUNDATION®. In addition to their core job cost accounting product, the company also offers both project management and mobile tools that help contractors to effectively run the business side of construction.
Genda
Genda takes the guessing games out of construction job site operations through real time data capture, insights delivery, and process automation. Using Genda, contractors can reduce construction process waste, identify and alleviate operational issues, and mitigate risk.
Gauge
Gauge’s mission is to find a straighter path to operational efficiency for fleet owners. While telematics presented new opportunities, it only represented part of the equation. Gauge ventured to solve this dilemma by bringing on mechanical and electrical engineers that brought innovative solutions to fleet managers looking to consolidate processes not typically associated with telematics applications.
Hiboo
Hiboo is a SaaS application that helps the construction industry to re-invent the way operations are being managed based on the data collected from all equipment. Hiboo collects and centralizes data from multiple sources on a single platform and turns it into actionable insights.
Hilti
Hilti Corporation is a Liechtenstein multinational company that develops, manufactures, and markets products for the construction, building maintenance, energy and manufacturing industries, mainly to the professional end-user.
Intelliwave
SiteSense (by Intelliwave Technologies) software provides construction projects with full visibility and control of project materials from the supplier’s facilities to warehousing to site delivery to storage to staging and on to installation. Constructors can now have full confidence in knowing if they have the right materials to start and finish their construction work.
Jonas Construction Software
Jonas is a leading Service and Construction Management Software, providing construction management, construction accounting, and project management solutions. They provide two construction software solutions to manage your business, helping to keep it organized while allowing you to focus on your jobs and service your customers better.
Komatsu Komtrax
Komatsu Ltd. is a Japanese multinational corporation that manufactures construction, mining, forestry, and military equipment, as well as industrial equipment like press machines, lasers and thermoelectric generators. Its headquarters are in Minato, Tokyo, Japan.
MachineMax
MachineMax is a heavy equipment platform that helps companies maximize the productivity and profitability of every machine in their fleet. It seamlessly integrates data from Original Equipment Manufacturer (OEM) onboard telematics, third party sensors and hiring systems to provide users with a simple easy-to-use interface which gives full visibility and real-time data for every machine in a fleet, looking at its activity, rental utilization and fuel/emissions usage.
OneKey
Compatible with all inventory management methods, keeping track of tools and equipment is easy with One-Key. From asset ID tagging and equipment trackers to barcode scanning and geofencing, get complete visibility across jobs and cost-saving alerts.
Ottogee
VOS Systems is a resource management solution using real-time analytics to reduce costs, improve productivity, and enhance the work environment.
Penta Technologies
Penta Technologies helps contractors improve operational efficiency and better serve their customers through world-class enterprise software and services.
QuickBase
Quick Base is the platform that businesses use to quickly turn ideas about better ways to work into apps that make them more efficient, informed and productive. Quick Base is used by more than 6,000 customers, including half of the Fortune 100, across a variety of industries and use cases.
RECON Dynamics
Recon Dynamic’s ultra long-lasting, wireless tool & equipment sensors remotely capture second-to-second usage data without scanning or battery changes. Customizable reports deliver exactly the Operational Intelligence you need to save measurable amounts time and money.
Rovitracker
RoviTracker collects critical metrics like fuel level, battery voltage, solar charge, engine run time, GPS etc. with a smart device and a web based software.
Samsara
Samsara’s portfolio of complete IoT solutions combine hardware and software to bring real-time visibility, analytics, and AI to operations across diverse sizes and industries: from transportation and logistics to field services, food production, and energy.
SAP ETM
The SAP ETM site Indicates several other SAP applications as requisites for implementing ETM which suggests that, as with other, large software companies, there may be a higher degree of customization required to achieve the specific needs commonly addresses in other industry-specific solutions.
ShareMyToolBox
ShareMyToolbox takes a modern approach to tracking tools and equipment. Contractors use a simple app to allow the shop to loan tools to the field. Field workers can then transfer tools between people & locations as needed. Responsibility for each tool is maintained with these transfers. This allows the company to have visibility into the tool inventory both in the shop and in the field.
Tenna
Tenna is the construction technology platform that revolutionizes equipment fleet operations. Go beyond tracking with solutions based on the needs of your mixed fleet–QR Codes, GPS Tracking, Blue Tooth, Fleet Tracking and more.
Triax
At Triax Technologies, their mission is to transform the most challenging work environments and industries through intelligent, innovative technology and real-time data collection and analytics to make worksites run faster, safer, and smarter.
Verizon Connect
Get a near real-time, 360-degree view of your fleet’s daily operations, so you can help reduce costs, increase productivity, stay on top of vehicle maintenance, and make the most of every business day.
VoyageControl
SaaS platform to help construction firms manage their logistics and supply chain more efficiently as well as support their compliance needs.
XBE LLC
Science and technology infrastructure of an exclusive set of horizontal construction leaders that are optimizing their financial performance.
Xpanner
Bring smart construction technology into the field Xpanner introduces validated smart technology products and provides a one-stop purchase, installation, and rental service platform to customers. Minimizing delays in the site is also a key to reducing costs! Through Xpanner’s self-developed app services, it connects equipment owners who need repair service to proven field engineers and construction sites to suitable smart technologies.
Ynomia
Ynomia’s mission is connect the “things” in construction to amplify human potential. Ynomia’s connected sensor network transforms the traditional construction processes, giving builders the ability to harness real-time data to build faster and safer.
Interested in Construction Technology Research?
This July 13-14, we'll be hosting our Construction Tech Conference in Chicago's Fulton Market. We'll be covering topics ranging from reconstruction and estimating, project oversight and business intelligence, and smart jobsites.
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