After a record valuation of $120 billion back in 2019, the global construction equipment rental market is further estimated to grow at a CAGR of 4.5% between 2020-2026. The growth of the market is largely spurred by the increasing demand for cranes, backhoes, excavators and a progressive trend towards automation and telematics. The market has also witnessed the emergence of modern technologies such as digital services for automated service improvements, mapping features and equipment service tracking.
Renting construction equipment also makes economic sense as it saves not only the cost of buying new equipment but also brings down recurring expenses like labor, maintenance and operational costs. The construction equipment companies carry out all these tasks regularly in order to eke-out long term profit from machinery... DEMO POST
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