The Construction Equipment Rental Market has seen an increased demand correlated to the growing number of smart city projects. Now,economists are predicting a market growth by 2024!
The Global market Insights has added New Construction Equipment Rental Market report which provides in-depth information about top vendors, industry statistics, key market highlights, trends, and size forecast. There is a current rise in the construction of commercial and residential infrastructures which is expected to grow the construction equipment rental market over the forecasted timeline.
Additionally, the increasing number of aging infrastructures in countries including Japan and the U.S. has led the regional governments to restore them with sturdy structures. These restorative projects are expected to surpass $140 billion by 2024!
Overall, the increasing demand for enhancing the construction process is compelling several construction companies to focus on utilizing more technologically-advanced material handling equipment. Newer equipment is capable of moving and storing more efficiently, enabling breakthrough lift heights, visibility, and energy savings, ensuring reliability and safety while working!
Ultimately, this emerging trend of contractors renting construction machinery will have a positive impact toward the industry demand. Making this a big win for everyone in the construction business!