Recently, the world famous magazine IRN in the construction machinery rental industry published the global top 100 in the rental industry in 2019 and Shanghai Horizon Equipment & Engineering ranked the 57th place in such list based on its rapid improvement of comprehensive strength, rising by 25 places comparing with the previous year.
Each year, International Rental News (IRN for short) will give a “List of Global Top 100 Rental Companies IRN-100” based on research and statistics of world famous construction machinery rental companies and such list is one of the most credible annual lists in the global rental industry.
Shanghai Horizon Equipment & Engineering Ranked the 57th Place in 2019 IRN 100 List
The year of 2019 was a vigorous year for the global equipment rental industry. IRN 100 achieved a year-on-year growth of 10% on revenue in 2019. Such high figure not only reflects the growth of market, but also reflects the integration of industry. The global rental market shows an obvious good trend with tremendous potential in China and many regions around the world—the rental mode is taking root in China, in spite of the strong performance in some regions in Europe, America and Asia. Besides, more and more companies merge through acquisition and become bigger while other companies are also ambitious. Hence, the market will only continue to expand.
It can be seen from the growth league above that Shanghai Horizon Equipment & Engineering Co., Ltd. witnessed a substantial year-on-year growth of 93% on revenue. Beside that, Shanghai Horizon Equipment and Engineering also spent EUR 171 million on purchasing new equipments in 2019.
As the largest powered access rental provider in China, major suppliers of Shanghai Horizon Equipment & Engineering include Terex, JLG and other international leading companies in the powered access field.