Equipment Leasing Is Popular

   The report "Construction Equipment Market in APAC 2015-2019" presents that equipment leasing becomes more and more popular.

    SMEs are increasingly using construction equipment on a rental basis to avoid high cost ownership. Customers who hire equipment on a rental basis are entitled to pay the rent on a monthly basis, and this helps them minimize the cost of construction projects to a considerable extent.

    To leverage the market, many construction equipment manufacturers such as Caterpillar and Volvo are providing equipment on a rental basis to construction companies. Equipment rental helps construction companies to utilize the most recent innovations in construction equipment without spending on equipment ownership. Technavio researchers predict the equipment rental segment will significantly drive the overall construction equipment market in APAC during the forecast period.