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
rmozFebruary 5, 2021 15
Researchmoz, one of the world’s prominent market research firms has announced a novel report on Global Construction Equipment Rental Market. The report contains vital insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Construction Equipment Rental Market to figure out and study the market needs, market size, and competition. The report incorporates data regarding the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities, and the threats faced by key players during the forecast period of 2020-2027.