October 15, 2020
Industry News: Construction equipment rental Market share will grow at CAGR of 4.2% says Report Ocean
The global construction equipment rental market was valued at $90,997.4 million in 2019, and is expected to reach $106,422.0 million by 2027, registering a CAGR of 4.2% from 2020 to 2027.
Construction equipment rental is the service to rent out construction equipment to end users for a certain period of time by signing contracts with terms and conditions about their usage. Construction equipment are used in various activities at construction and mining sites. These sites require several equipment to carry out heavy operations, which are specifically offered by rental service providers.