Developing Markets Prefer to Buy vs. Rent Equipment

Global temporary power provider Aggreko has recognized that many companies in developing countries still prefer to buy, rather than rent, standby power equipment, despite the numerous benefits of renting the equipment, especially during times of economic difficulty.

“If you look at the more developed markets, such as North America, Europe and the UK, the pendulum is swinging the other way. There, it’s all about outsourcing and bringing specialists in,” says head of local business in Southern and East Africa Martin Foster.

He identifies two possible reasons why developing markets are reluctant to try rental ser- vices. Firstly, he notes that there has not always been a viable alternative to buying equipment and that specialist rental companies, with attractive rates and a full 24-hour service operation, were rare in the past.

For more about how developing nations view renting vs. buying...

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