The growth of the construction equipment rental industry is largely attributed to building and mining operations in emerging economies. Although the U.S. government has been investing heavily in the infrastructure development of the U.S., many construction companies are hesitant to invest in new equipment given the current economic climate. As such, these companies are looking to the construction equipment rental market as a way to meet their equipment needs.
Construction equipment rental companies can offer you specialised equipment as well as smaller machines. Some companies even provide trained operators. Additionally, you’ll be able to rent specialised machines, such as those used for railway and road construction. In addition, they also offer machines used in forestry and agricultural projects. A wide range of machines is available for renting, so whether you need a small hand tool or a large, powerful piece of machinery, construction equipment rental is an ideal choice.
Another advantage of renting construction equipment is that it lets you try a particular machine out before you buy it. Plus, when you buy it, you can deduct the rental costs from the purchase price. Rental companies also offer maintenance and pickup services, which makes the rental a convenient option. Some companies even offer rental protection plans to protect your investment from potential risks.
In addition to being cheaper than purchasing construction equipment, renting construction equipment is also easier to use. Purchasing construction equipment usually comes with many ongoing costs, including taxes, loan interest, storage fees, and depreciation. Besides the initial purchase price, you’ll also be responsible for yearly operational costs and licensing fees. These costs will also add up over time, so it’s often more practical to rent equipment instead of buy it.