In a report, titled “Global Construction Machinery Leasing Market Size, Status and Forecast 2025”, by Market Research.biz, which is up for sale, contains a complete overview of the market. The report carries market dynamics such as trends, opportunities, and restrains which are anticipated to have an impact on the market.
Albany, NY -- (SBWIRE) -- 11/06/2018 -- The global construction machinery leasing market is anticipated to witness a steep inclination during the forecast period 2018 – 2025 owing to the increasing construction activities across the world, particularly in the emerging countries. Increase in infrastructure investments in countries such as India, China, Japan, South Africa is helping the market to reach its exhibit strong growth.
Government of various developing countries are focusing on renovating or refurbishing old structures to provide a better strength. This is helping the market to grow strong. Apart from these, government institutions are taking up various new construction projects for economic development of areas, is fueling the demand in construction machinery leasing market. Development of various road projects to provide smooth and better long journey is compelling the road manufacturer to rely heavily on construction machinery leasing market.
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Varying intake patterns due to incessant rise in labor costs in countries such as China and India is triggering various construction players to favor machineries on lease. High demand of completion of project on time is fostering growth in the market. Apart from these, organizations are showing huge support to the construction machinery leasing market owing to the various benefits associated with it such as reduction in technical and maintenance charges. Rising number of critical accidents taking place in construction sites owing to the use of old machines and techniques has impelled organizations to take up latest construction machineries on lease.
However, it has been noticed that negligence by various traditional construction companies to espouse the ongoing trend of using construction machinery on lease is prognosticated to cause a roadblock in the market growth. Another factor hindering the market growth is that the rental firms are subjected to various laws, thus making it involve several procedures. Absence of maneuvered labors to handle advance machinery along with high rate of unemployment all across the world is likely to make the market suffer in years to come. Nonetheless, various regulatory bodies have implemented various laws pertaining to have a safe working environment, this is likely to drive the growth of market.
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The report has covered regions such as United States, EU, India, China, and Southeast Asia. Amongst these China and India are anticipated to experience a steep demand owing to rapid infrastructure reconstruction activities along with heavy investments in the construction sector. Rising urbanization is considered one of the major reason, fueling the growth of market in these region. Some of the major players in the market are United Rentals, RSC Equipment Rental, Morrow Equipment, Maxim Crane Works, and Kiewit Corp.
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