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Construction Planning & Management

 

Is Construction Equipment Rental a Booming Sector???

Created by : Pragya Kothari, Construction-Heavy, DLF  | 09 22 2008 11:19:09 +0000
Industry : ConstructionFunctional Area : Growth(Strategy & Execution)
Keywords : Construction Equipment Rental Booming Sector Construction Boom Construction Equipment Rental Equipment Rental
Activity:  492 views;  last activity : 07 06 2010 20:18:09 +0000

India's construction, housing and real estate sector has been growing at 10% in the last five years, employing more than 30 million people.

What are the challenges Construction Equipment Rental will face ???

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As large construction projects requires heavy equipment such as cranes, bulldozers, loaders and dumpers. Purchasing such equipment only adds to the costs of construction companies, who are already battling soaring commodity prices. Provide machinery on rent will make it easier for the construction company to contain project costs.
Therefore, I see entrepreneurs have a big opportunity to enter the construction equipment rental business.
By Pragya Kothari, Construction-Heavy, DLF  09 22 2008 11:20:15 +0000
 
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More and more companies are coming in this field. Lot of investments are being done in this sector. And about the rental parts, I am repeaing again that many companies have opportunities of coming in this feild and starting new business as more and more companies are preferring to take products on rents rather than buying products and adding to the cost. So, indeed it is a booming sector...
By Pragya Kothari, Construction-Heavy, DLF  | 08 27 2009 06:03:39 +0000
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Many more organisation are entering into this  field SREI infra structure financing company,  L& T finance seems to latest one to enter. I suppose more people are coming into it and main reason is cost of projects is going up but it helps reducing project completion and achive better quality. Ofcourse life and utilty of the equipment is not over with the completion of the project.
By Er. Harnam Singh, Project Manager, CPWD  | 08 26 2009 16:57:25 +0000
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there is alredy one bank in Gurgoan which moving forward on this issue , renting construction equipments to different agency and u can also give our equipment for rent.
By anshuman tyagi, Project Planning, HCC  | 10 10 2008 11:55:22 +0000
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 Now days construction industry is a booming sector . Lot of investment is involved in these sector.so obiviosly the profit is more to subcontrctors.
By vigneshkumar , Q&s maytas infra limited  | 10 05 2008 09:00:17 +0000
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I do see that providing machinery on rent may be profitable for the construction company.But as the steel prices have gone up due to the economic crisis prevailing, there will be a major impact of input cost increase for all Construction equipment manufactures and I dont see entrepreneurs have a big opportunity.
By Venkatesh M, Warehouse Manager, Larsen and Toubro  | 09 22 2008 11:32:54 +0000
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