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News & Press: Zinger

Zinger 10/25/19

Friday, October 25, 2019  
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Zinger from NAXSA


 

Press release

 

North American Trench Shoring Equipment Rental Market to Reach Over $2.8 Billion by 2025

By: EIN Presswire
October 22, 2019


San Antonio, TX — A new analysis by Verify Markets shows the North American Trench Shoring Equipment Rental Market was valued at over $1.6 billion in 2018. The market is expected to reach revenues over $2.8 billion in 2025. The key drivers in this market include growth in the construction industry, investments in infrastructure projects, and natural gas infrastructure upgrades. Some of the key challenges in this market are high startup costs and availability of logistics support staff.Shoring equipment is becoming increasingly popular due to the inability to have open cut excavations. A key equipment trend is miniaturization due to rising fuel costs. The largest motivator for renting trench shoring equipment is avoidance of the capital cost of owning the equipment.


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NAXSA Core Purpose: To promote the safe and efficient use of excavation shoring practices.

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