State of the Construction Equipment Economy
State of the Construction Equipment Economy
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Our annual report outlines the behaviors, challenges, and potential outlook of today’s construction equipment economy.
With new internal and external factors dynamically affecting construction equipment economics, we dive deep to highlight the micro and macro-level impact of today’s climate on equipment owners.
Our 2024 Report insights include:
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Use What you Own: A significant majority (73.5%) of respondents prioritize completing projects with owned equipment, indicating a prevailing preference for ownership over leasing or renting.
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But Stay Flexible with Rental Utilization: The majority (74.5%) of firms have engaged in equipment rentals within the past year, highlighting the increasing and widespread adoption of rentals as a key solution within the industry.
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Financial Considerations: When weighing ownership costs against rental prices, 41.7% lean towards rentals, signaling a prevalent reliance on financial analyses in equipment acquisition decisions.
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And more…
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