Global Construction Equipment Rental Market Reports give a Key study on the industry status of the Construction Equipment Rental Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
The Global Construction Equipment Rental Market Size Was Valued At USD 111.6 Billion In 2021. The Market Is Projected To Grow From USD 116.0 Billion In 2022 To USD 164.6 Billion By 2029, Exhibiting A CAGR Of 5.1% During The Forecast Period.
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The COVID-19 pandemic has been shocking and has never happened before. As a result, demand for renting construction equipment has been lower than expected in all areas compared to before the pandemic. Our research shows that the global market grew 3.1% from 2019 to 2020.
Construction equipment rental is a service that lets the end user rent construction tools for a certain amount of time based on the terms of a contract. Most of the time, heavy work is made easier at mine sites by using construction equipment. The Construction Equipment Rental Association says that renting construction equipment has gone up a lot and is likely to go up even more in developing countries like China, India, and Mexico.
Local and regional small businesses may like rental service businesses because they give them more freedom and help them make money from the contractors who work with them. Also, the rental of construction equipment has grown a lot in places like the U.S. and Italy, where these services are just getting started.
Competitive Landscape and Global Market Share Analysis:
United Rentals, Inc. (U.S.), Loxam (France), Sunbelt (U.S.), Taiyokenki Rental Co., Ltd. (Japan), AKTIO Corporation (Japan), Herc Rentals Inc. (U.S.), Ahern Rentals. (U.S.), H&E Equipment Services, Inc. (U.S.), Nikken Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), Others
Market Segmentation:
By Equipment Type:
- Earthmoving Equipment
- Material Handling Equipment
- Concrete & Road Construction Equipment
- Others
By Application:
- Residential
- Commercial
- Industrial
- Other
The report on the Construction Equipment Rental market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
Asia-Pacific has the biggest share of the market right now, and over the next few years, it is expected to grow the fastest. The region is one of the biggest markets where construction and building of infrastructure have grown quickly. This is because governments are working harder to build infrastructure to support an economy that is growing. The number of Special Economic Zones (SEZs), hydropower projects, dams, highways, subways, and airports has grown a lot in the region to support the high level of industrial activity, the growing need for energy, and better connections. Because of this, many international companies have started to invest in the area and set up distribution centres and production facilities to meet the rising demand and take over the local market.
Also, the business of renting out construction equipment in China is growing like crazy. People think that this country has the biggest market share because there are so many opportunities for companies that make rental equipment. This is because China’s population is growing fast and the government is putting a lot of money into building public infrastructure and homes. This also makes the global market share grow.
After Asia-Pacific, North America is expected to have the biggest market share growth over the next few years. The top manufacturers in the world are a big part of why the market is growing. Also, because of the economy, construction companies in North America don’t buy new tools as often as they used to. So, there are a lot of chances that the market will grow in the predicted time frame. North America’s growth potential is fueled by these things, and its share of the global market keeps growing.
During the time frame being looked at, it is expected that the Europe market will grow a lot. Most of the reason for this is that more people want to live in new buildings. Germany also has a lot of factories, especially in the auto industry, and some of the best machinery and equipment in all of Europe, which helps the market grow even more.
The European Rental Association (ERA) says that companies can be more environmentally friendly if they rent instead of buy. The fact that these countries are adding more ships to their fleets also helps the growth of the European market.
Following are the major TOC of the Construction Equipment Rental Market:
Chapter 1: Construction Equipment Rental Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Construction Equipment Rental Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Construction Equipment Rental Market Forecast
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Key Reasons to Purchase Construction Equipment Rental Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Construction Equipment Rental Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Construction Equipment Rental Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Construction Equipment Rental
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials in various sectors including investment, information technology, telecommunications, consumer technology, and manufacturing markets. CDI helps investment communities, business executives and IT professionals make accurate, statistically-based decisions on technology purchases and promote strong growth tactics to maintain market competitiveness. Composed of a team of more than 100 analysts and a cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and national experience.
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