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Construction Equipment Rental Market Size, Share, Growth, Expert Review & Review

This growth is attributed to the increasing building & construction activities, especially in China, Japan, and India, coupled with increasing investments from domestic & foreign investors in public & private sectors, which is expected to drive the Asia Pacific market during the forecast period.

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Construction Equipment Rental Market Size, Share, Growth, Expert Review & Review

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  1. Construction Equipment Rental Market Analysis 2022 Global Industry Size, Key Vendors, Trends, Competitive Landscape by Key Segmentation, Outlook Construction Equipment Rental Market Scope The construction equipment rental market refers to the market for the rental of heavy construction equipment, such as bulldozers, excavators, cranes, and backhoes. These types of equipment are typically used in the construction, mining, and oil and gas industries. The construction equipment rental market is a growing market, as more and more construction companies and contractors are opting to rent equipment instead of purchasing it outright. Renting equipment can be a cost-effective solution for companies that do not have the financial resources to make large upfront purchases, or for companies that only need the equipment on a temporary basis. There are a number of companies that specialize in the rental of construction equipment, both at the local and national level. The construction equipment rental market will reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024. The research report on Construction Equipment Rental Market provides analysis by Equipment (Earthmoving, Material Handling, Road Building & Concrete), Product (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Compactors, Concrete Pumps), Region - Global Forecast to 2024. Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=225391699 Construction Equipment Rental Market Drivers There are several factors that can drive the construction equipment rental market: 1.Construction activity: The construction industry is a major driver of the construction equipment rental market. When there is an increase in construction activity, there is often a corresponding increase in the demand for rental equipment. 2.Cost: Renting construction equipment can be more cost-effective than purchasing it, especially for small construction firms or those that only need the equipment for a short period of time. 3.Lack of storage space: Some construction firms may not have the space to store large pieces of equipment, making rental a more practical option. 4.Limited capital: Renting equipment allows construction firms to access the equipment they need without having to make a large upfront investment. 5.Flexibility: Renting construction equipment allows firms to quickly and easily access a wide range of equipment as needed, providing them with flexibility to adapt to changing project requirements. 6.Government regulations: Some governments may have regulations that encourage or require the use of rental equipment in order to reduce the environmental impact of construction projects. Construction Equipment Rental Market Restraint 1.Susceptibility of the construction industry to an economic recession

  2. Construction Equipment Rental Market Segmentation The construction equipment rental market can be segmented in several ways, including by equipment, product and region On the basis of equipment: • • • Earthmoving Material Handling Road Building & Concrete 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. On the basis product: • • • • • • Backhoes Excavators Loaders Crawler Dozers Cranes Concrete Pumps

  3. • • • • Compactors Transit Mixers Concrete Mixers Others 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.). On the basis of region: • • • • • North America Europe Asia Pacific Middle East & Africa Latin America 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. View Full Report with TOC & List of Figure: https://www.marketsandmarkets.com/Market- Reports/construction-equipment-rental-market-225391699.html

  4. Construction Equipment Rental Market Key Players • • • • • • • 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) Key Highlights of the Construction Equipment Rental Market Research Report: • The report summarizes the Construction Equipment Rental Market by stating the basic product definition, equipment, product and price, supply and demand ratio, market overview. Competitive landscape of all leading key players along with their business strategies, approaches, and latest Construction Equipment Rental market movements. It performs a comprehensive study of emerging players of Construction Equipment Rental business along with the existing ones. It accomplishes primary and secondary research and resources to estimate top products, market size, and industrial partnerships of Construction Equipment Rental business. • • • About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to- Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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