Rental companies account for more equipment sales than any other type of customer in North America. The rental companies themselves have become so important to OEMs that many new designs are intended specifically for the equipment rental industry and some equipment manufacturers and rental companies work together to design machines that meet the rental market’s needs. Equipment rental also benefits consumers because they can fill their equipment needs without an upfront investment, long term storage facility, or maintenance staff and equipment to transport machinery from one job site to another. Rental allows consumers to access the newest models and technology at a reduced cost. The strategy of renting rather than purchasing machinery has been in force for much of the last decade plus. In this current time of constrained machine supplies and rising prices, we expect renters will continue to rent machinery.
This report combines data from Off-Highway Research with information from
annual global league tables published in the KHL Group’s specialist construction
industry magazines International Rental News (IRN), American Cranes & Transport
(ACT) and Access, Lift and Handlers (ALH). Whereas some of the data generated is
global in nature, this report focuses on construction equipment and related markets
in the US and Canada. For context, in the most recent IRN-100 (International Rental
News’ annual listing, published in June), more than 40 per cent of the companies
listed were from North America, though the rental focus of some of them was
outside the field of construction equipment so they are not covered in this report.
North America Equipment Analysis: Rental Equipment
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North America Equipment Analysis - Edition
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Tags: North America, Global, Rental Equipment