Equipment World Digital Magazine
Issue link: https://read.dmtmag.com/i/85689
rentsmart | by Marcia Gruver Doyle Demand, fl exibility top reasons why you rent Has today's uncertain market made renting equipment more attractive to contractors? Here's what a sampling of our readers told us when asked about their rental practices and plans:* What types of equipment do you rent? Light equipment (gen sets, light towers, walk-behind equipment, etc.) Heavy equipment (large dozers, excavators, etc.) Compact equipment (skid steers, compact excavators, etc.) Aerial lift equipment (scissors, articulating boom, etc.) Hand-held tools None of the above/Do not rent 16.6% 0 5 10 15 20 25 30 35 40 45 50 How likely are you to rent the following types of equipment in 2012? Likely Compact excavators Excavators Dozers Wheel loaders Backhoes Skid steers Graders Artics Compactors 0 5 3.7% 10.7% 7.0% 7.0% 4.2% 6.5% 1.9% 1.9% 8.1% 6.2% 9.3% 10 14.9% 15 *Spring 2012 Equipment Strategies survey, mailed and emailed, 249 respondents. 20 25 EW EquipmentWorld.com | September 2012 47 12.1% 18.6% Very likely 15.4% 19.6% 21.4% 17.8% 3% 8% 8% 11% 14% 16% 24.1% 46.5% 44.8% 41.9% 29.9% How have rental rates changed in the past 6 months compared to before? Signifi cantly increased (More than 10%) Moderately increased (1-10%) Remained the same Moderately decreased (1-10%) Signifi cantly decreased (More than 10%) 3.5% 1.5% 0 10 20 30 40 50 60 Why do you rent? 69% 61% 70 60 50 40 30 20 10 0 4.5% 46.5% 43.9% Manage emission requirements Other Access to newest equipment Downtime management Free up capital for other needs Puts off buying decision Flexibility to meet job demands Demand for extra machines