Increased Investment in Renewable Energy Projects to Boost the Demand for Rental Material Handling Equipment. The company offers EasyAccess in three variants, EasyAccess Softkey, EasyAccess PinCode, and EasyAccess Transponder. The technology also enables recording the last ten recordings in case of misuse. Through this technology, the customer can manage keyless access to forklifts, protecting the fleet against unauthorized persons. For instance, Jungheinrich, a rental company, use EasyAccess in their forklifts. Rental companies are adding advanced technologies to their fleet to protect their customers from unauthorized usage of machines. Rental Companies Integrating Digital Technologies to Provide Safe Secure Solutions The train would stop at Glassboro, Pitman, Sewell, Mantua, Woodbury Heights, and Camden stations. Development of the Glassboro-Camden rail line would cost approximately USD 1.6 to USD 1.8 billion and is expected to be completed in 2028. The project is scheduled to complete by 2023.Īpproximately USD 60 billion would be invested by the government to repair surface transportation nationwide. The project is designed to develop two six-story 55m-tall hospital buildings with a 20,439 square meter area comprising 730 beds on 22.2 hectares of land. In 2022, the Ministry of Health (MoH) Italy announced an investment of USD 151 million to upgrade and redevelop the Hospital of Cattinara in Trieste. The contract involves the construction of a natural tunnel and includes constructing two short sections above ground alongside the existing line. This contract is estimated to generate around 1,000 direct and indirect jobs. In Feb 2023, Webuild Construction was granted USD 354.0 million for constructing a rail bypass of 13 kilometers (km) in the Fortezza-Verona section of the high-speed railway south of the Brenner Base Tunnel. The infrastructure developments will focus on energy transition and environmental sustainability. The country's 2021 Budget allocated USD 36.1 billion to the Ministry of Infrastructure Sustainable Mobility (MIMIS) to expand the country's mobility systems. GOVERNMENT INVESTMENT IN PUBLIC INFRASTRUCTURE Another project, Margaritaville Resort on Fort Myers Beach, will include 254 luxurious rooms and apartments. For Instance, MilanoSesto, a mixed-use development project with an investment of USD 7.3 billion- and 69-acres Union Zero is constructing seven buildings worth USD 1.4 billion in Sesto San Giovanni in Milan. The construction of various infrastructure and residential projects in the country is expected to drive the demand for renting aerial platforms in the Italy construction equipment rental market. The plan includes six rail infrastructure projects, three road infrastructures, two port infrastructures, two transport building works, five railway stations, one water project, one port project, and one project linked to rapid mass transport for promoting sustainable mobility. The government of Italy, in 2022, invested a total of USD 3.1 billion in road and rail links across the country. It will also include revitalizing irrigation channels. This includes checking the water supply, detecting and revamping leaks, and checking water networks of new aqueducts, reservoirs, and dams. In 2022, the government announced an investment of USD 4.1 billion to upgrade water infrastructure and reduce leaks in cities and the agricultural sector. In the material handling segment, aerial platforms accounted for the largest share in 2022. The material handling segment of the overall rental construction equipment accounted for the largest Italy construction equipment rental market share in 2022. Prominent vendors in the Italy construction equipment rental market are Caterpillar, Volvo Construction Equipment, Liebherr, Hitachi Construction Machinery, Komatsu, Hyundai Construction Equipment, JCB, SANY CNH Industrial. The Italy construction equipment rental market is expected reach a value of $1.677 billion by 2029 from $1.134 billion in 2022, growing at a CAGR of 5.75% The "Italy Construction Equipment Rental Market Strategic Assessment Forecast 2023-2029" report has been added to 's offering.
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