How has the equipment rental industry evolved over the past 10 years and what is its current market status?
Over the past 10 years there has been a major shift in the way how equipment rental companies are purchasing equipment. They are buying more newer machines than used ones. This is mainly due to demand of equipment from infra project and the abundant supply of machines from Chinese manufacturers. Over the years, these manufacturers have also improved their product lines in terms of quality and durability, plus they have a much better service support system now.