2014

BigRentz.com Provides State-of-the-Industry Report: Economic Recovery in Full-Swing Customers see the advantages of the fixed costs of renting

SANTA ANA, Calif., Oct. 23, 2013 /PRNewswire/ -- BigRentz.com, the nationwide Internet leader of construction equipment rentals, gave a state-of-the-industry report.

BigRentz.com represents a good portion of the Nation's rental agencies – a robust industry that employees over 64,000 people.

Renting has always been an economical option for equipment users when they need a machine in the short term to get a job done.  With renting, the customer benefits by only paying for as long as they need the equipment.

However, the recent recession made many equipment owners cautious about taking on debt and upgrading or expanding their fleet. For them, the rental option has become increasingly popular.

Over the last five years, the economic recession and its impact on the US construction markets particularly hurt demand for rental equipment. IBISWorld estimates revenue decreased at an average annual rate of 2.5% to $24.9 billion over the five years to 2012.

However, the industry has experienced positive revenue growth starting in 2011, as firms benefited from an improved business environment in which developers and business owners opted for renting instead of buying equipment as a way to free up capital for other needs. And as access to capital remains challenging for many, builders and developers often turn to rental firms for their equipment needs.

Over the next five years, stronger demand will boost industry performance and profitability. Many equipment rental companies say they are seeing a shift in North America, as customers — including contractors, construction businesses and homeowners — recognize the advantages of the fixed cost of renting, which also covers maintenance, storage, delivery, and more.

BigRentz.com is the nation's largest Internet provider of construction rental equipment, and is a strong supporter of the industry. With a network of thousands of dealer locations and an unsurpassed selection, BigRentz.com makes it easy to rent equipment of all kinds, in any city in America, with one phone call.

For more information on BigRentz.com, call (855)-999-LIFT (5438), or visit: www.BigRentz.com

About BigRentz.com

BigRentz.com is changing the way construction professionals and businesses rent equipment of all kinds, by providing a huge selection in every state nationwide.

BigRentz.com's comprehensive network allows customers to rent equipment in most cities across the U.S. They provide multi-location businesses the ability to book all their equipment rentals through one convenient source.

For more information on BigRentz.com, call (855)-999-LIFT (5438), or visit: www.BigRentz.com

Media inquiries, contact The Innovation Agency, at: hello (@) innovationagency.co

SOURCE BigRentz.com



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