The rental market for construction equipment is expected to reach USD 121.6 billion by 2024

The rental market for construction equipment is estimated at USD 98,6 billion in 2019 and is expected to reach USD 121,6 billion by 2024.

North America and Europe should drive the growth of the rental market for construction equipment. In particular, construction equipment is divided into:

  • excavators
  • backhoes
  • shovels
  • unloaders
  • crawler bulldozers
  • cranes
  • pumps for concrete
  • compactors
  • mixers of transit
  • concrete mixers

Among these, the segment of excavators is estimated to lead the market, also due to the increase in infrastructure construction activities such as roads, motorways, subways, airports, bridges, renovation and redevelopment activities associated with residential construction.

Materials processed by the Galbiati group cutting and slittening lines are largely used for the construction of earthmoving machinery: for further information visit www.galbiatigroup.com

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