Heavy Construction Equipment Rental Market
As per the report, the market accounted for $76.4 billion in 2020 and is expected to gather a revenue of $117.8 billion by 2030, rising at 4.3% CAGR during 2021-2030. In the past few years, the number of construction activities has surged significantly in various countries in Africa and Latin America. Furthermore, governments in Asia-Pacific, North America, and Europe have invested heavily in infrastructure development projects which has created favorable conditions for expansion of the industry. However, the lack of skilled workforce required for operating advanced heavy construction equipment is predicted to restrict the full-fledged growth of the market. Nonetheless, the integration of IoT in these machines is anticipated to create new avenues of growth in the sector.
https://steemit.com/construction/@vijayanalytics/heavy-construction-equipment-rental-market-exploring-the-profitable-opportunities-and-latest-developments-in-the-landscapeHeavy Construction Equipment Rental Market
As per the report, the market accounted for $76.4 billion in 2020 and is expected to gather a revenue of $117.8 billion by 2030, rising at 4.3% CAGR during 2021-2030. In the past few years, the number of construction activities has surged significantly in various countries in Africa and Latin America. Furthermore, governments in Asia-Pacific, North America, and Europe have invested heavily in infrastructure development projects which has created favorable conditions for expansion of the industry. However, the lack of skilled workforce required for operating advanced heavy construction equipment is predicted to restrict the full-fledged growth of the market. Nonetheless, the integration of IoT in these machines is anticipated to create new avenues of growth in the sector.
https://steemit.com/construction/@vijayanalytics/heavy-construction-equipment-rental-market-exploring-the-profitable-opportunities-and-latest-developments-in-the-landscape
