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  The Construction Equipment Rental industry refers to the business of renting or leasing construction equipment to contractors, builders, and other professionals in the construction sector. Instead of purchasing expensive equipment outright, construction companies can rent the necessary machinery and tools for specific projects or time periods. The construction  equipment rental market   is projected to grow from USD 98.6 billion in 2019 to reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024. The major drivers for the market include the increasing demand for rental equipment due to various benefits, shift in trend towards rental, increasing infrastructure activities in emerging nations, and cost-benefits associated with the use of construction equipment on a rental basis rather than purchasing it. Browse 54 market data Tables and 49 Figures spread through 152 Pages and in-depth TOC on  "Construction Equipment Rental Market by Equipmen...

The construction equipment rental market is a growing industry, with an increasing number of construction companies opting to rent equipment rather than purchase it. This is due to the high cost of purchasing equipment and the need to use different types of equipment for various projects. Renting equipment can provide flexibility and cost savings for companies. The demand for construction equipment rental is expected to continue to grow in the coming years. According to a report by Market Research Future, The  construction equipment rental market  is projected to grow from USD 98.6 billion in 2019 to reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024. The report cites several factors driving this growth, including increasing construction activities in emerging economies, the need for cost-effective equipment solutions, and the growing trend of renting equipment rather than purchasing it. The scope of the construction equipment rental market is also expanding....