The global construction equipment rental market size valued at USD 187.46 billion in 2022; expected to expand at an annual growth rate (CAGR) of 6....
Construction and mining operations have been sparked in emerging economies around the world by the increase in government spending on the development of public infrastructure.
Due to this factor, there is a significant market demand for construction equipment.
The rise in prices for new construction machines is encouraging construction companies and contractors to shift their interest towards renting construction equipment. Further, the emergence of advanced technologies and increasing levels of automation is expected to propel the growth. Source: Grand View Research