Market Research Future published a research report on “Construction Equipment Rental Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023.
Market Highlights
Increased construction activities worldwide along with the growing investment in infrastructure development has boded well for the global Construction Equipment Rental Market. As per the report published by Market Research Future (MRFR), the global construction equipment rental market is poised to exhibit 4.7% CAGR during the assessment period (2018-2023).
The trend of construction equipment rental has increased substantially of late, this is mainly owing to the financial benefits. Purchasing a construction equipment is far more expensive than opting for rental service. The additional maintenance costs of an owned construction equipment can be a major issue for small-size construction companies. The factors aforementioned are influencing the global construction equipment rental. Rental services for construction equipment such as loader, excavators, and motor graders are growing at a substantial pace.
Constuction equipment rental is also gaining momentum due to adoption of effective market strategies by service providers. There is a greater degree of trust among the customers, which is favouring the market growth. Construction Equipment Rental Market players are expected to focus on innovation and introduction of attractive business models. Such industry trends will play an important role in defining the growth potentials for the market in the future.
Key Players
Some of the notable market participant profiled in MRFR’s report include Ashtead Group, Caterpillar, Inc., Shanghai Hongxin Equipment Engineering Co., Ltd., Nesco Rentals, United Rentals, Inc, Ahern Rentals, Inc., Herc Holdings, Blueline Rental LLC, Cramo PLC, and Riwal.
Segments:
This study provides an overview of the global construction equipment rental market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global construction equipment rental market by equipment type, application, and region.
By Equipment Type
- Earthmoving
- Excavator
- Loader
- Backhoe
- Motor Grader
- Others
- Material Handling
- Crawler Crane
- Trailer-Mounted Crane
- Truck-Mounted Crane
- Concrete & Road Construction
By Application
- Residential
- Non-Residential
- Infrastructure
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
Market Research Analysis:
By region, the market has been segmented into Asia Pacific (APAC), Europe, North America and Rest of the World (RoW). In 2018, APAC commanded the majority share of the market in terms of value. The market in the region is expected to witness a healthy growth during the assessment period. China’s rise as a major economy of the world has bolstered the market’s prospect in the region. The industrial growth in many APAC countries including the ASEAN block has in part fuelled the demand for construction machinery. China is expected to remain one of the leading exporters of construction machineries in world during the projection period. North America is second in the pecking order and currently accounts for around 32% share of the market. The North America construction equipment rental market is profiting from the strong demand for construction machines such as motor graders and excavators.
Table of Content:
Chapter 1: Construction Equipment Rental Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Construction Equipment Rental Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Construction Equipment Rental Market Effect Factors Analysis
Chapter 12: Global Construction Equipment Rental Market Forecast
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