In 2017, we were excited to announce our new manufacturing facility in Buda, TX. With 30,000 sq. ft. for an office and manufacturing, we nearly doubled the size of our old plant. A larger facility means more trucks, more parts, but the same Niece quality.
Each year there is a higher demand for water trucks and 2018 is no different. Even though summer seems far away, it is never too early to start thinking about your water truck needs. Let's take a look at why 2018 is set to be a record year for water truck demand.
1. Continued Growth In Construction
Building Solutions anticipates a moderate increase in construction in 2018. Overall growth is expected to be 5% with an uptick in commercial at 2%. Most of this growth will be seen in states like Texas, Nevada, and New Mexico. As people continue to move west, construction crews in the southern and western parts of the U.S. will see a rise in work. Dust suppression is a key component in any sort of construction so water truck companies will see a higher demand for their services. Growth in the construction sector is a good sign for the U.S. as well as water truck companies.
2. Record Drilling In U.S. For 2018
In 2017, the U.S. saw an increase of drilling rigs from 680 to 940 by September. Reuters foresees this growth to continue. They forecast U.S. total oil production to hit 10.02 million bpd which would be a record. Oil drilling requires millions of gallons of water. Not only do they need water to drill, they also need to dispose of waste water. The need for water trucks on rig sites will put some companies in a tight spot if they do not have a big enough fleet.
3. Fires & Inclement Weather
The Thomas Fire in California destroyed over 280,000 acres making it the worst fire the state has ever experienced. In 2017 alone, the U.S. saw almost 2 million acres destroyed due to fire. We also experienced one of the worst hurricane seasons with Harvey, Maria, and Irma causing catastrophic damage. The need for water trucks during natural disasters is crucial for both suppression and clean-up.
4. Higher Demand For Heavy Duty Trucks
The freight market was slow in 2017 but The Wall Street Journal predicts a higher demand for heavy duty trucks this year. This growth is attributed to talks of more spending on infrastructure as well as confidence in the trucking industry. Equipment manufacturers, like us, are prepared for an increased demand in both parts as well as water trucks.
Many parts of the U.S. are still experiencing moderate to extreme drought. The California drought brought a “water truck boom” to the state with people ditching their old jobs and starting up water truck companies. These water truck companies deliver potable water to residents and businesses throughout the whole state. As we continue to see drought throughout the states, water truck companies will continue to pop up.
2018 is set to be an excellent year for construction companies as our economy continues to grow. Unexpected weather patterns will continue to hit parts of the U.S. calling for more water trucks to assist in recovery efforts. Construction and fleet owners should anticipate more orders for heavy trucks and equipment and Niece is prepared to take your calls. Don’t wait until Spring to start placing orders or you’ll be left in the dust.
Contact us today!