Navigating hire arrangements with confidence

As Australia's mobile plant and equipment sector grows in response to demand across construction, infrastructure, and mining industries, businesses are turning to flexible equipment solutions to keep projects moving.

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Recent forecasts show the construction machinery market is on track for expansion, with analysts projecting annual growth of about four to five per cent through to 2030, driven by road, rail, energy, and resource developments (source: Australia Construction Machinery Market Report 2025-2034).

This growth creates opportunities on both sides of the hire market: for operators looking to manage rising business costs and for owners seeking to maximise the return on their investment by hiring out their fleet.

It's important to be reminded of the key considerations when hiring out mobile plant and equipment (MPE). NTI's National Product Manager for Mobile Plant, David Kidd, explains why it's critical to understand what you're entering into when it comes to hire arrangements and insurance.

Seek quality legal advice

Hire agreements are central to any hire business and a critical risk management tool. Engage a lawyer experienced in preparing hire agreements for the mobile plant industry to draft an agreement tailored to you.