Is most equipment in the construction sector leased?

Nina07 Feb, 2023Business

Yes, a large amount of construction equipment is leased. This is because of the flexibility offered by lease contracts, enabling construction contractors to easily lease equipment on-demand, i.e. when it is needed for a certain project. This part of the market is growing all of the time. In the USA, the construction equipment rental market is expected to grow by 4.3 percent by 2024. There is a 5.4 percent growth anticipated in the Asia Pacific region.