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New Market Report on Global Mining Equipment Rental Industry

Sep 25 2017

The "Global Mining Equipment Rental Market 2017-2021" report has been added to Research and Markets' offering.

The global mining equipment rental market is forecast to grow at a CAGR of 3.77% during the period 2017-2021.

One of the major drivers for this market is the rental advantages of mining equipment. Companies that function in a specific industry are business rivals and will seek to out space the others in a bid to obtain the largest market share. This is possible if a business is successful in formulating a potent pricing strategy, which involves poring over balance sheets and other aspects of the business to devise an effective budgetary control.

It has been evaluated that significant cost savings can be achieved if equipment, for the purpose of mining, are taken on rent instead of being purchased. Renting mining equipment for short-term projects has turned out to be an economical move.

Key vendors

Atlas Copco
Caterpillar
Hertz Equipment Rental
Komatsu
Sunbelt Rentals

Source: https://www.researchandmarkets.com/

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