Construction Equipment and Business Opportunities

Rental opportunities

Construction equipment, implements and accessories are bought by construction companies for their own present and future projects. Barring these bigger players, most purchases of construction machines are done for rental purposes. The construction rental industry is huge and ever growing.

Various reasons why small construction companies, builders and civil contractors go for hiring of machinery:

-          Huge cost of the construction equipment.

-          They have limited number of projects.

-          There are vast varieties of construction machinery.

-          To avoid maintaining inventory for all the construction implements.

-           Construction projects are carried out in multiple locations and transportation of machinery to far-off places is difficult.

-          Lack of trained personnel to operate different equipment.

-          Limited use requirements for certain types of construction equipment.

-          Most of the construction labourers are short-term contract workers and training them on machine usage is cost and time consuming.

So, the construction rental market is growing vastly and have players undervarious categories. They are

-          Small & medium construction companies who have bought few machineries for own use but rent out during non-usage.

-          Civil Engineers and Contractors who have certain sets of equipment use them for their own projects and rent them out to associate companies on most of the time.

-          Exclusive construction equipment & implements rental companies who lease their goods on a long-term with large construction companies, government agencies, long-term private projects as well as on short-term rental contracts such as on monthly, weekly or daily basis.

Product marketing opportunities

These kind of construction equipment buyers neither get involved in the actual construction work per se nor rent out their construction machinery. They make certain construction supply products and building materials such as clay bricks, hollow blocks, solid / concrete blocks, paver blocks, paver tiles, concrete mix, concrete beams, fine sand and so on.

These building materials are sold directly to construction companies and also, through hardware shops, dealer and distribution points. Most companies in the solid bricks and blocks trade have their own brand names and are operating in a very organized manner.

If you have flair for the construction industry and are looking for a great income opportunity, make a study of the stakes involved in these opportunities and capitalize on them suiting your capabilities.

Courtesy:

Minerva Industries

Chinniampalayam, Coimbatore, INDIA

www.minervaindustries.in