Heavy equipment is obviously big, loud and hard to operate if you don’t have the skills. How is it possible to steal it then? When you think of the increasing demand of equipment and specialized market, it can be understandable why equipment theft is one of the leading robbery cases in the world today.
The leading countries and cities in construction and infrastructure industries are the prevalent victims of equipment theft. From more than ten states in America to Europe, Japan and Singapore, billions of dollars are lost annually because of this issue.
Axis Capital Group, a company which sells and rents capital equipment in Singapore and distributor to neighbor Asian countries has stated that backhoes and skid steers are some of the most popular equipment to be stolen. The company has already reported more than 10 equipment lost since its operation in Jakarta, Indonesia in 2013.