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Major factors driving the growth of construction equipment rental market size are :
Renting avoids expenses due to maintenance, immoderate operational costs, high wages of skilled operators, also high initial investment and financial constraints can be avoided.
Renting also shields companies from locking their capital during economic uncertainty, global pandemic like COVID-19 by cancelling the equipment contracts when the demand drops.
Major infrastructure projects in emerging markets and a boom in residential construction in the US and Europe during the forecasted year:
Request a Sample Copy of the Report For COVID-19 Impact Analysis on Construction Equipment Rental Market:
TRENDS INFLUENCING THE CONSTRUCTION EQUIPMENT RENTAL MARKET SIZE
Insurance Telematics Market Size to Reach USD 3556 Million by 2026 at a CAGR 11.9% | Valuates Reports
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Vehicle Telematics Market size is projected to reach USD 139420 Million by 2026, from USD 53380 Million in 2019, at a CAGR of 14.7% during 2021-2026.
deepakFebruary 23, 2021
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