The industry for material handling equipment hire and rental services is witnessing a rapid growth mainly due to the reasons including an increase in the number of companies which prefer to outsource their services, the emergence of flexible and cost-effective solutions and an expansion in the industries such as e-commerce, manufacturing, construction and logistics among others. This pattern of expansion is most visible in the areas that are undergoing a surge of industrial activities and the construction of massivestructures like roads, bridges and airports. One of the prime reasons which propel the growth of the market is the growing acceptance among business entities as to the advantages which rentals of equipment have to offer. Renting material handling equipment is the best strategy for companies that need to expand their operations due to varying demand as they can do it without the capital expenditure that is common with equipment ownership. Furthermore, rental services are comprised of maintenance and customer support, which is beneficial in making companies focus on equipment maintenance and repair works.
The development of internet trade and the increase in the number of distribution points have intensified the use of material handling devices, mostly for warehousing and logistics. Companies are constantly seeking ways to satisfy customers’ growing needs for rapid deliveries and smooth order fulfillment, and they are rapidly adopting rental services to gain access to modern equipment and technological solutions without having to make huge capital commitments. Moreover, the industry's ever-booming growth stimulated by urbanization and infrastructural construction projects has also generated an increased demand for material handling equipment rental services.
In this issue, we acquaint you with the top companies from this field. After studying the industry landscapes in-depth, Industry Outlook has zeroed in on the top ones that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.
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