The Bright Future of the Power Rental Industry
According to a recently published report, the power rental industry will see a large boost over the next several years. As construction and development continue to expand at an increased rate, so does the need for the power to sustain these activities. The market value for the power rental industry is expected to reach USD 20.30 billion globally by the year 2020. That’s more than double the market value from 2014 (USD 10.02 billion)!
Growth in the Power Rental Industry & You
What does growth in the power rental industry mean for you? As a consumer, savings could be headed your way. If you are the owner of a used generator unit you no longer have use for, the boost in demand could also benefit you as more rental companies will be looking to expand their selection by buying up generators that are in great condition or with the intent to refurbish.
- Greater discounts: As rentals in the power industry surge, more discounts may be found for consumers. With greater demand comes more competition amongst rental companies. Steeper competition between rental companies may mean more units available for rent, and more savings for renters.
- Selection: As the demand for rental units becomes greater and more companies expand upon their available inventory of generators, more variety is likely to be found. This means more selection in terms of brand names, sizes and types of units available to consumers. With increased selection, consumers will be more likely to find units that suit specific needs.
- Reliability: Rental companies are sure to service their generators regularly to keep each power generation unit in top-notch shape for consumers.
Many industries, from construction to data centers, will benefit from the rise of the worth of the power rental industry. This upward trend could also be more beneficial in terms of environmental consciousness and reducing ecological footprints as the rental of large power generators versus buying units means the production of units doesn’t need to rise to meet growing demands. Renting power versus buying units may be beneficial to home owners and companies that have only short-term or occasional needs as it will be a money saver and give peace of mind.
Woodstock for all of Your Power Rental Industry Needs
With customer service staff available by phone (610-658-3242) 24/7, getting the help you need when it comes to generator rentals and sales has never been easier. You may also reach our team by email at sales@woodstockpower.com. We offer top names (such as Kohler and John Deere) in both long and short-term power generator rentals for commercial and residential use. Get in touch today to see how we can help you rent, buy or sell a used generator!