Over the recent years, renting or leasing construction equipment has immensely become more popular due to its high cost and difficulty in maintaining it. Moreover, due to the high level of investment, construction companies prefer to hire equipment to reduce project costs. This is a low-cost strategy because it lowers maintenance costs and fewer technical fees. The construction equipment rental market is expanding as a result of increased demand for heavy machinery equipment and global economic growth. Furthermore, as the number of smart city initiatives grows, so will the market, even during the forecast period.
