Pune, India, July 22, 2022 (GLOBE NEWSWIRE) — According to the report, the global construction equipment rental market is set to gain traction from the need to cut off the cost and achieve operational flexibility. Nowadays, contractors and dealers are opting for rentals to reduce the size of their fleet and lower the complexity in organizations that may otherwise affect activities, namely, asset disposals, logistics, maintenance, and procurement. The Construction Equipment Rental Association (CERA) stated that there is a substantial growth in the number of rental service consumers in emerging economies, such as Mexico, India, and China. It is mainly occurring as small and medium enterprises (SMEs) are focusing on gaining more flexibility.
The information mentioned above is published by Fortune Business Insights™ in a recent study, titled, “Construction Equipment Rental Market Size, Share & Industry Analysis, and Regional Forecast, 2019-2026.” The study further mentions that the construction equipment rental market size stood at USD 98.21 billion in 2018. However, it is projected to reach USD 145.22 billion by 2026, exhibiting a CAGR of 5.0% during the forecast period.
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Highlights of This Report
- Information about future revenue pockets in the market.
- Extensive analysis of the construction…
