Connected Equipment Rental Market: USD 9.6 Billion in 2024, Projected to Reach USD 27.4 Billion by 2033

The equipment rental industry, once grounded in manual tracking, on-site inspections, and reactive maintenance, is now evolving into a connected, intelligent ecosystem. The introduction of Internet of Things (IoT) technologies, telematics, and real-time data analytics has redefined how fleets are managed, how contracts are structured, and how efficiency is measured. The connected equipment rental market stands at the intersection of construction, logistics, and digital innovation, creating new pathways for profitability and sustainability.

According to Research Intelo, the global connected equipment rental market was valued at USD 9.6 billion in 2024 and is likely to reach USD 27.4 billion by 2033, expanding at a CAGR of 12.1%.

Source: https://researchintelo.com/rep....ort/connected-equipm

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Essential reasons to choose a Top Manufacturer When Buying Welding Electrodes

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