An interesting fact in the market of machinery.

Iron Block
1 min readDec 18, 2017

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Interesting facts!

According to Statista.com data, in 2016 heavy equipment rentals and leasing revenue in the US reached $37,24 billion. It is estimated that by 2020 this figure will increase to $39,5 billion.

The most prominent industry segment on the heavy equipment market today is construction machinery with its estimated annual leasing volume reaching $75,2 billion by 2024 according to the Global Market Insights agency. The most expensive segment in this market proves to be excavation equipment, reaching $40 billion by 2024.

The IronBlock service platform offers its users a convenient way of concluding heavy equipment lease contracts directly between owners and lease holders.

For a more detailed information about our platform, please visit our website at https://ironblock.io/en

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Iron Block

Global decentralized platform for optimization of maintance, verification of current technical condition of equipment and providing ESCROW transactions