4 Proven Strategies to Accelerate Growth for Your Construction Equipment Hire Company
The construction industry is the backbone of infrastructure development worldwide. From towering skyscrapers to roadworks, land and council development and the works, the machinery and equipment used in this industry play a pivotal role in shaping our cities and communities.
While total building activity continues to decline in FY2024, there is a positive forecast for solid growth from FY2026 as total building activity will expand to $130.4 billion (+9%). On the other hand, government-funded infrastructure projects are driving a surge in engineering construction activity, and forecasts indicate that transportation work will peak at $34.8 billion by FY25. This spike is creating a demand for equipment hire. With a positive outlook on the equipment rental market, factors like urbanisation, population growth and infrastructure development are driving this growth.
Let’s explore four key strategies to propel your construction equipment company forward, ensuring sustainable growth and a competitive edge in the market
1. Expand your fleet with new and up-to-date equipment
Staying ahead in the construction equipment industry requires more than just having the essentials. It’s crucial to continually assess your fleet’s capabilities and invest in diverse, modern equipment that meets the evolving needs of your projects. By identifying gaps in your current fleet and investing in versatile, high-demand machinery, you attract a wider range of clients and enhance project efficiency and effectiveness.
In addition to suitable equipment, it is crucial to ensure your business has the right fuel storage equipment to fuel your machines. In the long run, investing in bulk fuel storage and transportable refuelling solutions enables convenient and accessible refuelling at your yard or onsite, therefore allowing your business to save time and money. Try the Durotank Fuel Savings Calculator to find out how much you can save on fuel with a bulk fuel storage tank and how quickly the tank pays for itself in cost savings!
2. Offer flexible and competitive equipment hire
In a landscape where flexibility and affordability are paramount, offering diverse hire services can be a game-changer for your company. By developing flexible hire packages – whether short-term, long-term, or rent-to-own – and implementing competitive pricing strategies, you can cater to the needs of your clients while staying ahead of the curve. Exceptional customer service and support further cement your reputation, increasing customer retention and satisfaction and giving you a significant edge in the market.
3. Form strategic partnerships
In today’s business environment, strategic partnerships can be a key component for growth and innovation. By identifying potential partners – whether suppliers, contractors, or industry associations – and building mutually beneficial relationships, businesses can gain access to new markets, resources, and expertise. Collaborative marketing efforts and joint ventures not only expand reach but also enhance credibility and industry standing, positioning your company as a trusted leader in the field.
4. Offer Additional Services:
Alongside renting out construction equipment, consider providing value-added services like equipment maintenance, operator training, or on-site project support. These extra services can create additional revenue streams and set your business apart from competitors.
How does using On-Demand Machinery from Equipment Hire Companies Benefit the Construction Industry
With construction businesses having large capital expenditures and a continuous flow of money from an operational aspect, investing in expensive machinery is a high risk if not used regularly. A smarter choice for construction businesses is to rent equipment for the time required to lower maintenance costs and improve financial flexibility.
How Durotank can help
At Durotank, we offer bulk fuel storage solutions through our tanks and trailers available for purchase. Our bulk fuel storage solutions are built with durability in mind and are 100% Australian made. With a rich operational history and a highly regarded reputation in the construction and equipment hire industry, we are committed to delivering quality and convenient bulk fuel storage solutions for businesses Australia wide.
Durotank Finance
We also offer flexible short- and long-term financing plans to help you purchase your tank today and start counting the savings. Over time, our fuel storage solutions help you save valuable money and time by streamlining your re-fuelling and fuel storage process, resulting in improved business performance. If you need assistance with a bulk fuel tank, get in touch with our team of experts on 1300 829 802 to get a comprehensive quote or discuss how we can customise your tank.
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My experience with Durotank was exceptional from start to completion.
Emily was patient with us from the start - we took a while to make our decision, but she was always ready to help. She proactively addressed all enquiries and offered comprehensive support. No pressure, just good service.
Furthermore, Durotank was highly accommodating when we requested custom signage. It turned out great and looked fantastic.
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We had a great experience working with Durotank on our order for a 2,400L water cart trailer, set up for firefighting and tree watering. Their team was responsive throughout the process and delivered exactly what we needed on schedule, despite a very tight timeframe. The build quality is excellent - it’s clear a lot of care and expertise went into the manufacturing. We also value being able to support an Australian-made company and wouldn’t hesitate to recommend Durotank for both their product quality and service.
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We considered many other brands of diesel tank but quickly settled on Durotank - they ticked all the boxes. An Australian-made, self bunded quality tank with the ability to load and transport on-site whilst full is a winner.
The team communicated professionally with us regarding modifications and build timing. We will certainly use Durotank again and would confidently recommend them to others.
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We had a great experience working with Durotank in purchasing our service trailer, from the enquiry stage to the delivery date the Durotank team were pleasant and very professional. Emily from the sales team answered any and all questions we had about specs and options, working with us to meet expectations and budget limitations. The production team kept us well informed of build schedule and approximate delivery dates. Overall we highly recommend the Durotank team if your looking for a service trailer, value for money is second to none and the quality is top notch.
Aaron Asquith - Leading Hand - Rental Komatsu Australia, Truganina Branch VIC
We purchased Durotank’s 2400 Litre poly water trailer with fire-fighter pump and hose reel, plus optional dribble bar and batter sprays attached.
Our property, Duxton Farm, borders the Kakadu National Park in the Northern Territory. Because of this, early season burning is extremely important to prevent uncontrollable bushfires later in the dry season. The trailer has been an invaluable asset to fire control – always full and ready to go when the call comes.
We’ve found it to be well balanced, empty or full, with the baffle ball system effectively controlling surge. We have had no issues with set-up, towing it with either a Landcruiser or Hilux.
Overall, we’re extremely happy with our purchase and the support from the Durotank team. We’ll be back.
Bruce Connolly, Northern Regional Manager, Duxton Farms
I purchased a Poly Tank Fuel Trailer from DUROTANK in April 2018. DUROTANK builds one of the best fuel trailers I have ever used. The build quality, engineering and attention to detail is unreal. The fuel trailer is rock solid, it tracks extremely well full of fuel at 100km/hr and its road worthy. All of the fittings are hoses are high quality hydraulic hose and crimped fittings so there are no leaks. The Durotank team is very easy to deal with and more than happy to help with any enquiries. The staff are friendly and it is a pleasure to do business with them. I’d buy another one in a heartbeat, that’s for sure
Ben Harris – AB Contract Farming
The Duro Cubes are going extremely well! My guys are very happy with them. Having them already saved us on oil transport on at least 2 occasions so far and has also allowed us to restructure our oil work days and use out of hours oil deliveries to make more efficient use of the time on site.
Field Supervisor, Electricity Distributor (AUSGRID)
The fuel trailer I purchased from DUROTANK is well designed to withstand the harsh mining environment I work in, with no compromise to efficient and reliable fast fuel delivery
Brad Black – Hardrock Blasting Services
I would like to recommend Durotank to anyone that is considering their products. From first enquiry to after the product was delivered the customer experience was flawless.
Nick Dunlop – Kelton Rentals
As a business owner I would highly recommend DUROTANK to any person who is serious about saving money, purchasing and storing their own fuel in bulk, particularly in today’s challenging economic times. DUROTANK supplied us an excellent quality Australian made fuel tank built to the specs that suited out business. Our staff love how easy it is to use and how much time it saves refuelling each week. We purchased the Smartfill System with it and its definitely a worthwhile investment both for use and fuel management. The aftersales service from DUROTANK has been outstanding.
Tony Grace – Lachlan Valley
The supply process from quotation to order placement, being kept informed of manufacturing process and delivery date and final delivery was seamless. I really appreciated the proactive approach to driving a positive Customer Experience. I couldn’t fault the product or service at all.
Peter – Meadows Family Restaurants
All our fuel trailers and on site tanks are supplied by Durotank which are built with strength and quality and always delivered on time, helpful and friendly staff, won’t get better.
