According to Statista, the global construction equipment market is projected to grow from 136.3 billion USD in 2020 to a staggering 234.6 billion USD by 2030.

To capitalize on this growth in the construction sector, it is essential for companies to optimize their operations using construction fleet management.

By leveraging high-definition fleet safety cameras, businesses can effectively oversee operators and the entire fleet, leading to increased productivity, enhanced budgeting and forecasting, and improved compliance adherence.

Construction Fleet Statistics: The Numbers to Know

One important area of concern for construction companies is the management of their vehicles and equipment. In 2019, the total value of equipment owned by the construction industry was estimated to be $163 billion – which attracts thieves and raises the stakes to protect your assets.

According to the National Insurance Crime Bureau (NICB), the most commonly stolen pieces of construction equipment in 2019 were backhoes, skid steers, and loaders. The NICB also found that California, Texas, and Florida were the states with the highest number of stolen construction vehicles and equipment.

construction fleet statistics

Construction equipment

The theft and misuse of construction vehicles and equipment has a significant impact on a company’s bottom line. In fact, the NICB estimates that the annual cost of construction equipment theft in the United States is approximately $1 billion.

These losses can be even more significant when you consider the productivity losses that can occur when a crucial piece of equipment is stolen or damaged. For example, if a construction company loses a bulldozer valued at $100,000, they could potentially lose up to $400,000 in revenue if they are unable to complete a project without that equipment.

To address these concerns, construction companies are increasingly turning to technology solutions to manage their fleets. For example, safety telematics systems track the location and usage of vehicles and equipment, as well as monitor fuel consumption and maintenance needs.

This technology is used to detect equipment misuse or theft, and alerts authorities to the location of stolen equipment. By investing in the right safety system technology, construction companies protect their investments, improve their operations, and ultimately increase their profitability.

The Importance of High-Definition Cameras at Construction Sites

Implementing high-definition cameras in construction sites provides multiple benefits in terms of equipment protection. With advanced sensors and image quality, these cameras capture clear footage of any unauthorized activities, such as equipment theft. The high-quality evidence helps expedite the reporting process and works towards retrieving the stolen equipment promptly.

Moreover, these safety cameras provide information including date and time of occurrence, which may be used to identify and stop theft in real-time, leading to site safety and improved productivity.

“Thieves stole tires and parts, and we had no recourse. We put Driver·i cameras in two trucks that were parked in that yard, captured the video, sent it to the local police department, and they matched it to a suspect. We never would have been able to do that with our former camera solution.”

This is incredibly helpful, as it secures insurance claims and avoids legal challenges.

However, the importance of safety cameras extends beyond just the security of construction equipment and materials. They also help to ensure the safety of workers on site.

With their ability to analyze and detect site hazards, safety cameras provide a digital safety net that protects workers in real-time.

construction fleet statistics

Driver·i fleet safety management alerts

Real-time alerts safety managers identify the causes of hazardous situations and take proactive measures to prevent accidents before they happen. Additionally, in case of any accidents on site, footage provides valuable insights into what went wrong, and often, how a similar situation can be prevented in the future.

By promoting a safer working culture, safety systems mitigate the risk of accidents, and create a more productive working environment for all workers on site.

Benefits of 360-degree Video Views for Construction Sites

There are many reasons to invest in high-definition cameras for construction sites.

Increased Profitability and Cost Savings

360-degree video views improve efficiency and productivity by enabling better coordination between teams and stakeholders. By providing an immersive and interactive view of the site, it allows everyone to see the same thing, understand the project’s scope and progress, and align their efforts and expectations.

This helps decrease misunderstandings, errors, and rework, which ultimately translate into cost savings and increased profitability.

Improved Job Site and Worker Safety

Construction sites and other high-risk areas are prone to injuries and accidents. Despite careful planning, accidents can still occur. That’s where high-definition cameras come in.

With real-time footage and behavior-based alerts, you’ll better be able to promptly respond to any hazards or issues that arise.

They may help identify when remote site audits would be appropriate to address and prevent future risks.

Construction workers on job site

Enhanced Visibility of Fleet Performance and Condition

Safety cameras give remote managers more eyes on the ground. Managers can save time by accessing footage from the fleet management platform. From there they easily spot areas of concern, look into work processes, and see how the site is progressing over time. Plus managers are able to view multiple sites at once.

Thanks to the high-quality footage, detailed captures, and detected behaviors or security issues, managers have a data-driven basis for improving current fleet management processes.

Managers also have what they need to better determine the best workflow per site and better track that work is completed on time.

Increased Equipment Uptime

The construction surveillance from high-definition cameras give fleet managers the information they need for increased equipment uptime.

Managers are able to detect in advance any maintenance needs the equipment may require. Potential problems are prevented before they occur, enabling better and efficient use of the fleet’s construction equipment.

Improved Fleet Compliance with Regulations and Mandates

A complete and accurate record of construction equipment’s use and driver behavior also provide managers with insight into their fleet’s compliance with regulations and mandates.

Records can provide evidence to show that drivers are following all regulations for construction equipment, complying with rules on site, and are in accordance with government mandates.

Minimize Liability and Reduce Insurance Premiums

Video footage provides the clearest and most objective form of evidence, especially when your equipment or driver is the one being questioned for an incident.

Investigators see clearly what led up to the event and it often shows who is clearly in the wrong (or right).

Final Thoughts

Safety cameras offer many benefits and improvements to any fleet, especially those servicing construction sites.

Whether you’re in the business of renting construction equipment or the construction itself, the cameras give you a full and detailed picture of everything you need for a more efficient and profitable operation.

Ready to enhance your fleet safety and reduce risks for your next construction project? Explore the camera safety managers trust and book a demo today to experience its advanced features and benefits.

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