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The Machine Hire market is a subset of the Leasing industry, which involves the renting of equipment and machinery for a specified period of time. This type of leasing is often used by businesses to acquire the necessary equipment for a specific project or task, without having to purchase the equipment outright. The Machine Hire market is typically divided into two categories: short-term and long-term leases. Short-term leases are typically used for projects that require the equipment for a short period of time, while long-term leases are used for projects that require the equipment for a longer period of time.
The Machine Hire market is highly competitive, with a variety of companies offering different types of leasing services. Companies in the market include rental companies, equipment manufacturers, and financial institutions. Rental companies typically provide short-term leases, while equipment manufacturers and financial institutions typically provide long-term leases. Additionally, some companies specialize in providing customized leasing solutions for specific industries or applications.
Companies in the Machine Hire market include Hertz Equipment Rental, United Rentals, Sunbelt Rentals, Ahern Rentals, and Neff Rental. Show Less Read more