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The market for construction equipment rental is being driven by rise in the demand for advanced construction rental equipment to enable better management of construction and processing activities<br><br>
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Construction Equipment Rental Market Size Worth USD 135.77 Billion by 2027 www.emergenresearch.com Market Size – USD 97.70 Billion in 2019, Market Growth – at a CAGR of 4.1%, Market Trend – High demand from the APAC region.
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Market Summary The construction equipment rental marketis projected to reach value of USD 135.7 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market is attributable to availability of numerous rental options a firm can have to fill the void during outages and give required flexible options that supports logistics and finance. The renting of construction equipment helps capital-intensive companies to expand their business as per their requirement. This, in turn, allows these companies to serve niche markets and bag multiple specialty construction projects. Firms reduce their cost by availing rental equipment over a long term for numerous projects. Organizations do not need to make upfront investments in various heavy equipment, while saving on depreciation and labor and maintenance costs over a long period of time. Rental companies take care of these expenses. www.emergenresearch.com
Market Summary Further Key Findings from the Report Suggest: In March 2019, Cooper Equipment Rentals announced the purchase of Prime Rentals, an equipment rental company located in Canada. This investment helped the acquirer to expand its business in South Alberta. In 2019, Siddha Group initiated the use of new construction technologies such as Precast, PEB, and Drywall in its works to secure a better output The market in Asia Pacific is expected to expand at the highest CAGR of 4.5% from 2020 to 2027. The region is likely to continue its dominance in the global construction equipment rental market in terms of both usage and manufacturing throughout the forecast period. This region has witnessed growth in the number of metro projects, highways, airports, hydroelectric projects, and dams as well as heavy industrial activities over the last few years. Request Free Sample Copy @ https://www.emergenresearch.com/request-sample/476 www.emergenresearch.com
Market Summary For the purpose of this report, Emergen Research has segmented the global construction equipment rental market based on equipment type, product type, application, and region as follows: Equipment Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027) Earthmoving Material Handling Road Building Concrete Product Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027) Excavators Cranes Backhoes Read More @ https://www.emergenresearch.com/industry-report/construction-equipment-rental-market
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