Construction Equipment Rental Market 2018 key players Ashtead Group, Blueline Rental LLC, Nesco Rentals, Herc Holdings, Caterpillar, Ahern Rentals, Loxam Group, and United Rentals.

United State Construction Equipment Rental Market will surpass a revenue collection of USD 23 billion by 2024, owing to the availability of technologically enhanced equipment coupled with growing concerns regarding safety and security.

Construction Equipment Rental industry size worth USD 34 billion in 2015 is expected to record a CAGR of 9.1% over 2016-2024. Growing trend among the firms to acquire construction equipment on lease for reducing maintenance & administrative overhead costs is expected to propel global construction equipment rental market growth over the coming years. Getting the construction equipment on lease benefits the firm as it helps in eliminating replacement costs and avoiding hassles related to regulatory compliances associated with the equipment purchase.

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Rising number of renovation projects across the globe is further expected to boost the construction equipment rental market trends. Rapid technological innovations pertaining to the equipment will contribute towards its growing popularity, as it enables effective and accurate handling of materials ensuring workplace safety and productivity.

Rapidly growing real estate sector is predicted to play a key role in the growth of construction equipment rental market over the coming years. Smart city creations across many of the emerging economies such as India is predicted to propel the growth of construction & infrastructure sector. This in turn is expected to boost the construction equipment rental industry growth in the near future.

In Asia Pacific, China construction equipment rental market price worth USD 3 billion in 2015, is expected to witness a high surge over the coming eight years. The regional growth is credited to favorable government legislations, high economic development, rising population, and rapid urbanization. Germany construction equipment rental market size is anticipated to grow at a rate of 6.5% over the coming eight years owing to the rising number of construction activities taking place across the residential sector along with favorable government policies across this region. U.S. construction equipment rental market size is projected to surpass USD 23 billion by 2024.

Geographically, Europe construction equipment rental market is predicted to generate significant revenue over the years ahead. Availability of new technologically advanced machinery as well as multifunctional models will augment the industry growth. Germany construction equipment rental industry will register an annual growth rate of more than 6.5% over the coming years of 2016 to 2024. The growth can be attributed to the surging construction activities across the residential sector. Moreover, the implementation of supportive rules and regulations along with increasing energy costs will attribute the product demand.

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The construction equipment rental market is highly competitive with the presence of key players such as Cramo PLC, Ashtead Group, Blueline Rental LLC, Nesco Rentals, Riwal, Herc Holdings, Caterpillar, Inc., Shanghai Hongxin Equipment Engineering Co., Ltd., Ahern Rentals, Inc., Loxam Group, and United Rentals. Companies are trying to incorporate the latest advanced technologies such as GPS, RFID, and telematics, into their construction equipment to offer enhanced rental solutions. Furthermore, rental operators are stressing on providing sophisticated on field and online certified training courses for the safety of operators.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary

2.1. Construction equipment industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends

Chapter 3. Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.2.1. Construction equipment landscape
3.2.2. Used construction equipment landscape
3.3. Industry ecosystem analysis
3.3.1. Pros and cons – rent vs purchase of construction equipment
3.3.2. Cost calculator – rent vs purchase of construction equipment
3.3.3. Technology providers
3.3.4. Vendor matrix
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. ISO standards
3.5.1.1. ISO 4310
3.5.1.2. ISO 8686
3.5.1.3. ISO 10245-1:2008
3.5.1.4. ISO 12480-1
3.5.1.5. ISO 23815-1
3.5.1.6. ISO 12482
3.5.1.7. ISO 23814
3.5.1.8. ISO 19432:2012
3.5.2. North America
3.5.3. Europe
3.5.4. Asia Pacific
3.5.5. Latin America

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3.5.6. MEA
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. High initial costs of construction equipment
3.6.1.2. Implementation of advanced technologies in construction equipment
3.6.1.3. Increasing infrastructure investments globally
3.6.1.4. Growing construction industry in China & India
3.6.1.5. Rising equipment rental demand in the U.S.
3.6.1.6. Increasing rate of urbanization in the U.S.
3.6.1.7. Increasing infrastructure and industrial projects in Russia
3.6.1.8. Growing urbanization and safety concerns in India
3.6.1.9. Rapid infrastructure development in BRIC countries
3.6.1.10. Growing reconstruction and maintenance activities in Japan
3.6.2. Industry pitfalls & challenges
3.6.2.1. Cyclic instability of application industries
3.6.2.2. Lack of skilled and qualified operators
3.6.2.3. Optimizing fleet utilization
3.6.2.4. Lack of awareness
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2017
3.9.1. Strategy dashboard
3.9.2. Investment landscape
3.10. PESTEL analysis

Chapter 4. Construction Equipment Rental Market, By Product

4.1. Global construction equipment rental market share by product, 2017 & 2024
4.2. Earthmoving & road building equipment
4.2.3. Backhoe
4.2.4. Excavator
4.2.5. Loader
4.2.6. Compaction equipment
4.3. Material handling & cranes
4.3.3. Storage & handling equipment
4.3.4. Engineered systems
4.3.5. Industrial trucks
4.3.6. Bulk material handling equipment
4.4. Concrete equipment
4.4.3. Concrete pump
4.4.4. Crusher
4.4.5. Transit mixer
4.4.6. Asphalt paver
4.4.7. Batching plant

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