United States Equipment Rental Market Revenue to Grow by more than USD 60 billion by 2026

NEW YORK - Jan. 20, 2023 - PRLog -- The rising requirement for routine maintenance to make commercial and residential structures in the United States safe to occupy for living and working purposes is expanding along with the country's building stock. As a result, building owners and contractors spend a lot of money maintaining buildings and upgrading outdated, underused spaces in order to capitalize on them. As a result, demand for construction & Industrial equipment is rising, driving up market expansion overall.

However, by the end of 2022, the rental industry started to experience difficulties in terms of new equipment shortage and availability of labour force; these issues are expected to exacerbate in 2023. Rental companies are retaining older equipment that they would have probably sold when new machinery wasn't so hard to come by since OEM backlogs are expected to last until mid of 2023.

Impact of COVID-19 on United States Construction Equipment Market
The construction equipment industry in the United States was one of the hardest hit following the COVID-19 pandemic epidemic. All construction activities were stopped completely as a result of the increasing weight of COVID-19-affected rates and the adoption of social distancing norms.

Increasing Do It Yourself (DIY) Activities
The growing acceptance and popularity of RTA furniture in the US is what fuels the DIY movement. In the US, ready-to-assemble (RTA) furniture with cutting-edge designs is becoming more and more popular. Key vendors have been forced to produce custom-designed RTA furniture for individualized interiors due to the growing trend of customization.

Key Development
Sunbelt Rentals and Britishvolt announced their agreement in June 2022 in order to facilitate the construction of Britishvolt's first full-scale cambois-based battery gigaplant. In order to assist decarbonize the construction and equipment rental industry, the firms will collaborate closely over the long term to develop battery solutions for power plants and heavy machinery.

Makreo research has published a study titled "United States Equipment Rental Market Outlook 2028: Analysis of Construction, Industrial and Other Equipment by Market Share, Size, Growth Opportunities, and Competition". This is a detailed evaluation of the Equipment Rental market performance in the United States that discusses past, present and future outlook of the industry.

For More Information Click Here:- United States Equipment Rental Market Outlook 2028 (https://www.makreo.com/report/united-states-equipment-ren...)
Or Request our Sample Report

Review Similar Related :
Global Demolition Equipment Market Report - Size, Analysis and Future Forecast (https://www.makreo.com/report/global-demolition-equipment...)

Contact us on:-

Makreo Research and Consulting

Send us a query at info@makreo.com

Phone No- +91-9619699069