Which are fastest-Growing market for Global Construction Equipment Rental?
The global construction equipment rental market size is expected to reach USD 136.5 billion by 2027, growing at a CAGR of 4.9% over the forecast period, according to a new report by Grand View Research, Inc. The key factor driving the market is the growing construction industry, particularly in developing countries, owing to various growth opportunities in infrastructure, residential, and non-residential sectors. Shifting trends towards renting construction equipment due to various cost-benefits is also expected to propel the growth of the market. Download request sample @ https://www.radiantinsights.com/research/construction-equipment-rental-market-2027/request-sample Avoidance of initial purchasing cost, lower repair and maintenance cost, and shielding from market fluctuation are also some factors that promote the use of these heavy machines on rental basis. The dynamic nature of the construction industry leads to rising overall project costs, hence renting equipment...