The construction industry is a highly competitive and growing market, and the demand for quality construction equipment and machinery has also increased substantially over recent years. As a result, many companies have been looking to purchase their own machinery and equipment, or have resorted to the alternative of renting construction equipment from commercial suppliers. However, in order to avoid the risk and expense involved with purchasing new equipment, companies are often choosing to purchase equipment and machinery from a commercial supplier. This article outlines the main factors that drive the increase in demand for this type of commercial equipment and machinery and considers how equipment leasing can help reduce these risks. This article also outlines the key issues surrounding the rising costs of commercial equipment which meet emission regulations, as well as the rise in the number of companies who are renting machinery from a private supplier.If you’re looking for more tips, Lakeside Hire has it for you.
Cost remains the major factor driving the need for new machinery and equipment, and this has been reflected in the prices charged by commercial suppliers of construction equipment and machinery. The costs of purchasing new construction equipment and machinery have also been driven up by the introduction of new regulations which have been introduced by the Environmental Protection Agency (EPA). These regulations require most companies to purchase equipment that meets the latest emissions standards. Due to this, companies have seen increased competition amongst themselves, with some companies even resorting to the purchase of used construction equipment to avoid falling foul of new environmental regulations. In order to remain within the law, many construction equipment rental companies have chosen to purchase equipment that meets EPA standards in order to continue to meet their client’s needs.
The cost of construction equipment which meets EPA regulations has also been affected by the number of companies that are choosing to rent construction equipment, as well as the ongoing cost of fuel which have risen as fuel prices have risen. The cost of purchasing new construction equipment has been pushed down by new regulations, while the costs of renting commercial construction machinery have also been driven down by the increased competition between companies looking to purchase construction equipment. This article outlines why purchasing construction equipment and machinery from a private supplier can be less expensive than purchasing it from a commercial supplier, as well as the potential benefits and risks that can come with using a private supplier. Finally, this article considers the growing number of construction equipment rental companies that are beginning to specialize in the supply of certain types of commercial construction equipment and machinery.