The construction equipment rental market is 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.
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The report provides detailed insights into Construction Equipment Rental market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Construction Equipment Rental market size over the forecast period, 2020–2028. The report includes profiles of major Construction Equipment Rental players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Construction Equipment Rental market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.
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Global Construction Equipment Rental market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Construction Equipment Rental market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Construction Equipment Rental market.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Construction Equipment Rental market share contribution of these countries. In addition, Construction Equipment Rental market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Construction Equipment Rental Market include are:
Loxam Group,
United Rentals, Inc.,
Mtandt Rentals Limited,
Cramo PLC.,
Nesco Rentals,
The Hertz Corporation,
Boels Rentals,
Unirent LLC,
Caterpillar Inc., and
Ahern Rentals, Inc.
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- 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
- Crawler Dozers
- Concrete Pumps
- Application Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
- Real Estate
- Commercial Estate
- Transport Power & Energy Infrastructure
- Others
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In terms of Construction Equipment Rental market share and revenue contribution to the global Construction Equipment Rental market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Construction Equipment Rental market share.
The market intelligence report on the Construction Equipment Rental Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Region wise performance of the Construction Equipment Rental industry
North America Construction Equipment Rental market revenue growth was relatively higher than that of other regional markets in 2020. North America Construction Equipment Rental market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Asia Pacific Construction Equipment Rental market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Construction Equipment Rental market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Construction Equipment Rental market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
Europe Construction Equipment Rental market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Construction Equipment Rental industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Construction Equipment Rental market across different regions?
- Who are the major driving forces expected to decide the fate of the Construction Equipment Rental industry worldwide?
- Who are the prominent market players making a mark in the Construction Equipment Rental market with their winning strategies?
- Which Construction Equipment Rental industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Construction Equipment Rental market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Construction Equipment Rental Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Construction Equipment Rental Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Construction Equipment Rental Market Segmentation & Impact Analysis
4.1. Construction Equipment Rental Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Construction Equipment Rental Market indicators analysis
4.2.2. Construction Equipment Rental Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Construction Equipment Rental Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Construction Equipment Rental products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Construction Equipment Rental Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor's Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.2. Europe
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2. Distributors
10.5.2.1. North America
10.5.2.2. Europe
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
10.5.3. Others
Continued....
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