Construction Equipment Rental Market Scope
The global Construction Equipment Rental market report is a comprehensive analysis of the industry, market, and key players. The global report also provides trends by market reviews, technology, and investment with a competitive landscape. The Construction Equipment Rental Market report has covered the market by demand and supply-side by segments like by Equipment (Earthmoving, Material Handling, Road Building & Concrete), Product (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Compactors, Concrete Pumps), Region. The construction equipment rental market is projected to grow from USD 98.6 billion in 2019 to reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024. Also The Report highlights revenue stream, various growth patterns, and industry size, share analysis across all geographical regions. This (152 Pages) report incorporates on-going future opportunities, demand status, business development plans, and current and future prospects with industry segments and sub-segments. Equipment Rental market report aims to provide accurate data on gross margin, profit and loss, manufacturing cost structure, and latest technologies with new product launches over the forecast period.
Construction Equipment Rental Market Key Points:
- Define, describe, and forecast fiber Construction Equipment Rental market by material, application, end use and region.
- Provide enterprise external environment analysis and SWOT analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyse the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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Construction Equipment Rental Market Dynamics
- Driver: Shift in trends toward rental
- Restraint: Susceptibility of the construction industry to an economic recession
- Opportunity: Low rental penetration in emerging nations
- Challenge: Labor shortage may lead to automation
Browse in-depth TOC on "Construction Equipment Rental Market"
70 – Tables
54 – Figures
166 – Pages
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Construction Equipment Rental Market Key Players
Key players in the Construction Equipment Rental Market, such as -
- United Rentals Inc. (US)
- Ashtead Group Plc (UK)
- Loxam (Paris)
- Herc Holdings Inc. (US)
- Aktio Corporation (Japan)
- Nishio Rent All Co. Ltd. (Japan)
- Kanamoto Co. Ltd. (Japan)
The earthmoving construction equipment segment is projected to lead the market during the forecast period
Based on equipment, the construction equipment rental market is categorized into earthmoving, material handling, and road building & concrete. Among these, earthmoving construction equipment accounted for the largest share of the construction equipment rental market in 2018 due to the wide application in building & construction activities. Earthmoving equipment is high-value, requiring significant capital investments for the installation and maintenance of equipment fleets. Contractors prefer renting equipment instead of purchasing as this enables them to use the capital, which otherwise would have been invested in the purchase of equipment.
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Excavators segment to lead the construction equipment rental market during the forecast period
Based on product, the construction equipment rental market is categorized into excavators, backhoes, loaders, crawler dozers, cranes, concrete pumps, compactors, transit mixers, concrete mixers, and others (asphalt pavers, finishers, dump trucks, industrial trucks, etc.). Among these, the excavators segment accounted to the largest share of the market in 2018 due to an increase in miscellaneous activities for construction, repair, and maintenance around the globe, which is expected to drive the growth of the construction equipment rental market. Moreover, the cranes segment is projected to grow at the highest CAGR during the forecast period.
North America is projected to be the largest market for construction equipment rental during the forecast period
Based on region, the construction equipment rental market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Among these, North America accounted for the largest share of the market in 2018 and is expected to continue in the same trend during the forecast period due to increase in building & construction activities in the region, coupled with favorable policies which lead to the demand for construction equipment rental. The market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed based on how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
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