What construction equipment is rented the most?
Most Frequently Rented Construction Equipment “Scissor lifts [are] generally the most rented item anywhere – but in terms of revenue, large booms and cranes make up the majority of our business.
Is renting heavy equipment worth it?
It’s Cheaper Renting heavy equipment also saves you money in maintenance and repair costs. When you rent a piece of heavy equipment from a rental company, the cost of maintenance and repairs is much cheaper compared to having to do maintenance and repairs on a piece of equipment that you own.
Who is the biggest equipment rental company?
United Rentals
In 2020, United Rentals, Herc Rentals, and WillScot were the largest equipment rental companies in the United States. In that year, United Rentals generated over 6.5 billion euros in rental revenue from its global operations.
Is buying heavy equipment a good investment?
Lower Upfront Cost One of the most obvious reasons to buy used machinery is that it’s much less expensive than new equipment. The fact is that used heavy equipment, when well-maintained and properly serviced, is just as valuable to your business as a new piece of equipment but at a fraction of the cost.
What is the largest rental company in the United States?
Enterprise Rent-A-Car
Enterprise Rent-A-Car is the largest rental car company in the United States, with more than 9,000 “home city” locations, and 419 airport locations.
What industry is rental equipment?
Equipment rental, also called plant hire in some countries (in the UK for instance), is a service industry providing machinery, equipment and tools of all kinds and sizes (from earthmoving to powered access, from power generation to hand-held tools, etc.)
What is a good ROI for rental equipment?
between 44 percent and 47 percent
In a perfect world, a typical return on disposal between 44 percent and 47 percent of the original cost.
What does the future of construction tech look like?
Beyond the adoption of currently available tools, the future of construction tech is complete vertical integration between each silo from equipment rental e-commerce to asset management, to customer relationship management to project management.
How has technology impacted the rental industry?
This trend has made its way to equipment. For the most effective rental companies, digitization of sales and operations is embraced as workforce enablement as opposed to workforce replacement. With the implementation of e-commerce, for example, sales reps can eliminate wasted time on order processing and focus on building customer relationships.
Are We in a period of change in the construction industry?
As the light shines brighter on construction technology companies, it has become evident we are in a period of change in the industry. Equipment is getting smarter and rental companies are now able to do more with less. Lindsey Anderson has been the Editor for Access, Lift, and Handlers (ALH) Magazine for 11 years.
How can rental companies stay competitive in the changing equipment rental landscape?
The digitization of commerce, asset management, and operations will need to be adopted out of necessity for rental companies to remain competitive in the changing equipment rental landscape. However, we still have a long way to go.
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