The global construction equipment rental market is forecast to be worth US $225bn annually by 2032, with a projected CAGR of 4% for the period 2023-2032, according to a report by Global Market Insights. The market growth is mainly driven by the rising demand for tech innovations in construction equipment, implementing the latest smart technologies such as the Internet of Things (IoT) compatibility, artificial intelligence and machine learning, and the growth of telematics and remote operating. Typically, rental specialists in this industry lease out or rent construction equipment such as cranes, scaffolding, crane lorries, MEWPs, graders, bulldozers and excavators to carry out a host of buil
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