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Industry News, Research & Analysis

Hire sector for construction grows

There has been a 27 per cent increase in hire listings on Machines4U’s platform, compared with the previous financial year, according to the company’s Big Orange Report.

In addition, there has been a 38.9 per cent increase in people searching for construction equipment for hire, according to the data.

Machines4U Founder, Steve Krebs, says the movement into hire was not unexpected, and is something he expects to continue as the world moves past the disruptions of COVID-19.

“The construction industry has continued to boom during the 2020-2021 financial year, despite the challenges of shipping delays and stock shortages. One way the industry seems to have adapted is by moving into the hire sector,” Krebs said.

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“In the construction industry we saw a 27 per cent increase in hire listings on the platform, and 38.9 per cent more people searching for construction hire machinery. While the world continues to adapt and move through COVID-19 disruptions, we expect hire will become even more popular.”

Krebs said that although COVID-19 support has been varied across the 2020-2021 financial year, the company has seen the strength of the construction industry.

“In fact, we saw organic traffic for the construction industry increase Australia-wide by more than 29 per cent. Buyers also preferred email contact with a 9.7 per cent increase in email enquiries year on year, which could be attributed to the pandemic forcing people online.”

The Big Orange Report is available for download now at: www.machines4u.com.au/big-orange-report/2021-industry-report/

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