Compact Power Equipment Rental Market Growth, Trends and Value Chain Compact Power Equipment Rental Market Forecast By | Page 3

Report
Description
Report Description
Compact power equipment includes all tools required for lighter construction jobs. The
equipment is small in size and used in developing products with more ease and
convenience. These compact power tools are of several types, such as engine-driven
power tools, electric power tools and pneumatic power tools. They are used for various
operations, such as drilling, polishing, woodwork routing and screw driving.
Compact tools are primarily used for construction related jobs. These tools are used at
construction sites for activities like drilling, hammering, cutting, grinding, washing and
blowing of the equipment’s. Compact power tools are light-weighted, small in size, easy
to handle and transport. However, they are more complex to handle than the commonly
used hand tools, requires skilled labour, and regular maintenance to avoid tool wear.
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Global compact power tools rental market is expected to grow at a steady rate, as the
demand for power tools are on the rise in developing countries. Drivers responsible for
the growth of power tools rental market include an increasing demand for fast
accomplishment of projects and increasing infrastructural development activities at
developing regions like Asia, where construction companies rent the tools from power
tool companies as they cannot afford to invest in power equipment. The challenges
ahead include continuous maintenance and high cost of equipment. Many a time, clients