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.
The latest research report presents a comprehensive investigation of the market, with a particular focus on the key growth trends and opportunities available for the leading market contenders.The report elaborates on a wide array of market aspects, including import & export, production and consumption rates, manufacturing processes, cost structures, sales network & distribution channels, and consumer bases in the key geographies. Authors of the report have also undertaken a far-reaching study of the present market scenario, coupled with a detailed analysis of significant factors like market size, share, and future growth rate.
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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.
- Key players operating in the market 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.
Construction Equipment Rental Market Segmentation:
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 TypeOutlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
- Material Handling
- Road Building
- Product Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
- Crawler Dozers
- Concrete Pumps
- Application Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
- Real Estate
- Commercial Estate
- Transport Power & Energy Infrastructure
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key points covered in the report:
- The report provides the reader with a detailed study of the global Construction Equipment Rental market, including essential data beneficial for business.
- The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
- A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
- It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Construction Equipment Rental Market Segmentation & Impact Analysis
4.1. Construction Equipment Rental Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Advancement of new technologies
18.104.22.168. Growing construction business
22.214.171.124. Zero depreciation cost
4.2.3. Market restraints analysis
126.96.36.199. Lack of skilled operators
188.8.131.52. Getting affordable rental rate with premium service
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 5. Construction Equipment Rental Market By Equipment type, Insights & Trends, Revenue (USD Billion) (Million Unit)
5.1. Equipment type Dynamics & Market Share, 2019 & 2027
5.1.2. Material Handling
5.1.3. Road Building
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