Construction Market Trends for 2014

The greatest method to define the construction industry for 2014 is to paraphrase the great Bette Davis, “fasten your seatbelts; it’s going to be a bumpy ride!” As global economies progressively recover from the Great Recession and infrastructure spending raises, 2014 signifies a intermediate year for the industry. Global construction, led by Brazil and Central America, looks to be poised for a positive growth year while, lessees will remain their push to rejuvenate construction assets that have continued on month-to-month rentals throughout the recent cycle. 

Contrary to this, as foreseen by Axis Capital Equipment, Singapore, the explosive growth in China, Jakarta Indonesia and the Pacific Rim has cooled. Whereas their domestic construction market is remains estimated in the $2.1 trillion range, Chinese construction development grew at only a 12.4 percent rate, as compared to the further than 20 percent rate it had been growing at since 2008. Chinese housing mandate has steadied and the Chinese government remains to prop up the declining construction industry to reserve jobs for the more than 43 million people employed in construction-related industries.

Locally, the U.S. saw a bit of a resurgence in residential building in 2013, with a highest of nearly 1.1 million new homes in November, which was the highest monthly total since February 2008. As a bellwether for the construction market as a whole, this presents a very positive sign of continued recovery.

The great demand for well-maintained used equipment has led contractors to assess their under-utilized asset pool more carefully. This action will drive chances in the “trade-in/trade-up” market. Contractors comprehend that they can easily monetize their under-utilized or non-essential equipment to aid bolster their working capital. This, in turn, provides lessors the opportunity to exploit asset values by financing the trade-ups whereas providing a higher trade-in value on the used equipment. Lessors who have enjoyed lengthy month-to-month renewals should be prepared for an influx of off-lease equipment as we move into Q3 and Q4.

Another area of concern is the level of technical knowledge required to uphold equipment. The classy emission recollects systems necessitate a skillset that does not occur outside North America. While this will be addressed by training and education, the learning curve for third world countries is significant. The good news is, given the higher price points and potential pitfalls of equipment will see a rise in value as global buying pressure drives up the value of other equipment.

All in all, 2014 looks to be a promising year for the construction equipment market. Sellers will have the opportunity to sell underutilized equipment and a growing demand for well-maintained used equipment will keep prices elevated, pushing values higher.

Capital Equipment Lease Orders Up 3% Year-to-Date

June Singapore manufacturing technology lease orders totaled more than 300 million, Axis Capital Group, Singapore reports. This total, as reported by the company was down 20.4% from April but up 9.8% when compared with the total of $356.52 million reported for June 2013. With a year-to-date total of $1,620.83 million, 2014 is up 3.0% compared with 2013.

These numbers and all data in this report are based on the totals of actual data reported by the company itself. 

The manufacturing technology market is up 3% year-over-year thanks to March and April orders picking up the slack from the January and February weather-induced slowdown. Indicators such as the Purchasing Managers’ Index which surged forward in May and the optimism expressed in their spring update on our market suggest we are on track for strong 2014.

Singapore manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of Southeast Asia. 

  

Jakarta, Indonesia  

At $62.72 million, manufacturing technology orders in the Jakarta, Indonesia in April were down 6.9% when compared with the $67.39 million tally for March and down 10.6% from the total for April 2013.

KL, Malaysia  

Year-to-date 2014 manufacturing technology orders in the KL, Malaysia through April totaled $150.47 million, 16.6% more than the comparable figure for 2013.

Beijing, China

April manufacturing technology orders in the Beijing, China totaled $99.57 million, down 50.3% from March’s $200.41 million but up 47.4% when compared with last April. At $470.74 million, year-to-date 2014 was up 11.9% when compared with 2013 at the same time.

Bangkok, Thailand 

  

April manufacturing technology orders in the Bangkok, Thailand totaled $64.90 million, 3.2% less than the April 2013 total of $67.07 million.

Quality Leasing Capital Equipment Company by Axis Capital Group

Axis Capital Group, Singapore is our first company of choice. Our family is into bed and breakfast and when we finally decided to expand to Jakarta Indonesia, since the City is booming on tourism, we immediately contacted Axis. They were actually our partners since day one of the construction of our first business, also bed and breakfast and is located in Southeast Asia as well.

This business has yet to give us our machine next month, they are a bit expensive than others but the quality of their machines are tried and tested, you can trust that they would lease you a quality equipment. I never heard of any customers who had issues and complaints against them.

I also commend their customer service hotline. I usually get pissed on waiting too long just to talk to real people and not the answering machine but theirs is very customer friendly, no waiting time and no rude and no nothing representatives.

I have read some reviews about Axis that I thought were just some part of black propaganda or some unhealthy competition from some envious rivalries. They were unreasonable.

When we paid them the amount that they were supposed to get by June 2000, our first transaction with Axis, one of their front desk assistant promised us that we are going to get our equipment within one week and they did deliver in the promised time and even earlier. We did not have to call them several times just to follow-up on or orders in fact we did not even make any call, nothing at all. When I checked the equipment, all the orders were there and in quality condition despite transported from a far land.

For the past years that we are close deals with them, we never had any complaint at all. This is one company you should never worry about scams or fraud; they are just as genuine as you want your business to be. I recommend them along with my business name.

Axis Capital Group Launches On-line Lease Processing System

Singapore, Singapore May 2014 – Axis Capital Group, Singapore has launched the company’s on-line lease application and processing system for channel partners across Jakarta, Indonesia.  Using this on-line lease application and processing system, equipment vendors and brokers can submit applications, obtain credit decisions, view status, and download documents securely over the internet on a 24/7 basis. You are secure that this system is free of scam.

Axis launched the system in January to provide partners with a complete user-centric lease management tool. Axis expects to deliver faster, more efficient processing of transactions, better communication and greater customer service by automating the application process and delivering it on-line.

According to Axis Capital Group spokesperson, we are very confident to launch and provide you this system and we are proud that we put pride on developing and delivering innovative service solutions to our clients. We designed the system to the convenience of our customers to inter-connectivity and efficiency smooth flowing business.

Partners can register with Axis Capital Group and receive personal user credentials either over the phone or by filling out a web site form.  For more details, visit Axis official website.  All data is transmitted securely to a dedicated server. Once logged-in, users can enter applications, obtain credit decisions, receive status updates, generate and send documents, and track and report on-line.  

Company information

Axis Capital Group, based in Singapore, is a company that sells and rents construction capital equipment from cranes to excavators and related heavy construction equipment throughout Southeast Asia.  The company is a multi-line dealership that is committed in assisting you in finding the products that will meet your job requirements.

Since 1999 Axis Capital Group has been servicing Southeast Asia with a complete selection of capital equipment.  We continually focus on providing the highest standards in quality products and customer service.

The company structure and flexibility combined with relatively low overheads make Axis Capital Group very competitive in the market place and since Singapore is a port and where the company is based, you are guaranteed that your equipment will be delivered in no time and with the highest of quality. 

Benefits and Drawbacks of Leasing Capital Equipment

One very important step to take for any business is leasing capital equipment. There are many advantages from it and one major benefit of this type of equipment leasing is that it allows businesses to pay for their necessary equipment items over extended periods of time rather than all at once as would be the case with a cash purchase. Cash purchasing is an outstanding substitute to equipment leasing. This could possibly impart a feasible alternative for businesses who wants to acquire equipment items trough paying for them at once.

There are many companies that lease, rent and sell capital equipments, like Axis Capital Group, Singapore, that has also considered to offer deals on cash purchasing as well. They cater Southeast Asia, such as Beijing, China, KL, Malaysia, Jakarta, Indonesia and much more. 

Cash purchasing is more complicated than just leasing, renting and selling capital equipments, it is actually a risky business move to make. It could drain the capital reserves of the business. This can be an awfully dangerous circumstance for a business to  go into, since capital reserves can serve as a kind of life preserver for a business if they enter tough economic times or periods of great difficulty in terms of their sales.

One obvious and topmost drawback of leasing is if a lessee fails to adequately plan out the financing terms for their lease. If this would be the case, this could lead to a state where the borrower has a difficulty to be able to able to make the essential lease payments on time and without any missed installments.

Because of this, it is very essential that the lessees be aware of precisely how to finance their own individual leasing agreement prior to deciding to push through.

Your business can make use of this commercial equipment leasing as a big help, given that it has the ability to effortlessly equip your business with all it needs to succeed in the present modern market. Despite what type of business you have, it is possible that commercial equipment leasing will almost certainly provide the best potential solution to your equipment acquisition needs. There are many advantages and disadvantages of leasing capital equipment and it aids to get an idea of what they are before you decide to lease any equipment items.

Even though leasing does present an exceptional opportunity for lessees to get every single equipment item they cannot function without, there are surely some probable disadvantages of leasing that forthcoming clients should become conscious of before ever committing to a lease agreement.

Advantages Of Heavy Equipment Leasing Companies In Your Business

Axis Capital Group, Singapore is for the people and for its customers. We present you these benefits your business will get from heavy equipment leasing companies. 

Financial Access. It is trouble-free to acquire financing to lease heavy equipment as compared to getting a loan from a financial institution. There are many financial institutions with the main purpose of helping out with the heavy equipment leasing for the engrossed party. Apply and go through a particular process previous to getting to an agreement, then one can get the equipment they need for whatever project. With the various financial support one is spoilt for option.

You Can Save Cash. You would save some cash, which can be used for other projects when you lease out heavy equipment. And if in the case that you need something that was not included in the budget or may it be something that is needed immediately, you will also have a steady cash flow. Taxes can be reduced when working with heavy equipment leasing companies.

Easy to upgrade. There is always an advancement in equipment because of technology, for that reason there is also always something better might be introduced in the market and you might decide that it will do a better job. You can be able to change the equipment you are using for the advanced model which would be harder to do when you purchased the equipment outright with heavy equipment leasing companies. Jakarta, Indonesia for example is now improved.

Customized paying plan. You can customize the paying plan to be more convenient to your financial state at that specified moment with heavy equipment leasing companies. On the other hand, get ready with the needed amount when making a cash purchase of equipment. You can work out a plan that lets you to pay in installments instead of paying the full amount all at once when leasing equipment.

Flexible end term options. It will happen in time that your plans can alter because of the to inevitable conditions or even manage to get a certain project done ahead of time. At this point, you can terminate your lease early and of course, have to pay a penalty for doing so. Otherwise, if you wish to own the equipment at the end of your lease term, you can either purchase it at $1 or at fair market value. This will, however, depend on the type of the lease transaction that you got into.

Bottom Line. Taking advantage of heavy equipment leasing companies can be helpful given that it has a lot of benefits, particularly if it is a on one occasion project or when you are not sure the next time you should need to employ heavy equipment. With convenient payments and stretchy terms of operation, it is trouble-free to carry out your projects with minimum hassle. Heavy equipment companies have made construction work and even farming very simple you won’t be having any complaint. They have managed to take away the weight more often than not acquire by project managers and clients equally. With all the benefits they have to offer, it is easier to run a project since the cost basically goes down by a big margin.