Photo By Tudor Van Hampton for ENR The oil-and-gas sector has helped prop up demand for large equipment, such as truck cranes. Next year, sales are expected to rise slightly as rental companies and dealers continue to 'fleet up.' Related Links: Telematics Help Trim Contractor Fleet Costs Why Contractors are Renting Rather Than Buying Although analysts are expecting U.S. construction to rise next year, many believe contractors will continue to turn to rental and leasing companies rather than buy large quantities of new equipment for their projects."Most people think that the rental companies will continue adding to fleet this coming
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.