Press release
Construction Machinery Leasing Market to surpass $102500 Million By 2024| Top Vendors: United Rentals, Aggreko, Ashtead Group, Kanamoto, Loxam Group, Blueline Rent, Ahern Rentals, Nishio Rent, Maxim Crane Works, SCMC
A construction job mandates a large number of heavy machines. There are a number of advantages to lease the construction. Primarily, many contractors want to be able to stay on the cutting edge of technology. New tools are emerging all the time, and leasing equipment means that contractors can utilize the latest products available without taking on extravagant costs. When the lease is up, contractors can simply opt for the newest line of products available.
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The Global Construction Machinery Leasing market is valued at 63600 million USD in 2018 and is expected to reach 102500 million USD by the end of 2024, growing at a CAGR of 8.3% between 2019 and 2024.
The practice of leasing instead of purchasing heavy machinery has proven to be beneficial for companies of all sizes across numerous industries, Lower administrative overhead coupled with reduced expense and maintenance will drive construction equipment rental market size. Since industry vendors need to comply with the pervasive regulatory landscape, buyers benefit from elimination of replacement costs and associated expenditure. Other trends positively impacting revenue include growing technological advancements ranging from multifunctional machinery to apps for monitoring fuel consumption.
The Construction Machinery Leasing market is very fragmentation market, United Rentals, Ashtead Group, Aktio Corp, Kanamoto, Hertz Equipment Rental, Loxam Group, Blueline Rent, Ahern Rentals, Nishio Rent, Aggreko, Maxim Crane Works and SCMC are the leaders of the industry; the revenue of top ten manufacturers accounts about 20% of the total revenue in 2017. The high-end products mainly come from USA and Japan.
United States is the world?s most mature rental market, Enjoyed about 43.82% construction machinery lease market share. Asia and Europe are currently witnessing large-scale infrastructure development activities, which is raising demand for construction equipment. Also, as most of the projects are undertaken with private investment money, where the utilization of equipment is limited to a short duration, contractors prefer to use equipment on a rental basis.
Barriers to entry for the Construction Equipment Rental and Leasing industry are high, although they may be medium for some smaller, specialist firms. Large firms in this industry require a substantial stock of construction machinery and equipment to offer customers. Therefore, required funding levels to purchase a wide range, and vast volumes, of this equipment are high. New firms to this industry may have difficulty in accessing the funds required to purchase a large and extensive range of construction products. Prevailing economic uncertainty is likely to result in more stringent lending procedures, also increasing entry barriers for new firms.
The equipment rental industry is gaining huge prominence across the globe. Although, in emerging economies, such as Asia, the industry is still in the nascent stage, it is projected to witness high growth in the coming years. An increase in the awareness of the equipment rental industry and growing investment in the construction industry will drive the equipment rental market.
Scope of the Report:
This report focuses on the Construction Machinery Leasing Market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.
Construction Machinery Leasing Market Segment by Top Manufacturers Including:
• United Rentals
• Ashtead Group
• Aktio Corp
• Kanamoto
• Hertz Equipment Rental
• Loxam Group
• Blueline Rent
• Ahern Rentals
• Nishio Rent
• Aggreko
• Maxim Crane Works
• SCMC
Construction Machinery Leasing Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Construction Machinery Leasing Market Segment by Type covers
• Earth Moving Equipment
• Material Handling and Cranes
• Concrete Equipment
• Road Building Equipment
Market Segment by Applications can be divided into:
• Commercial
• Individual
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The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Construction Machinery Leasing product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Construction Machinery Leasing, with price, sales, revenue and global market share of Construction Machinery Leasing in 2017 and 2018.
Chapter 3, the Construction Machinery Leasing competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Construction Machinery Leasing breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Construction Machinery Leasing market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Construction Machinery Leasing sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Table of Contents:
3 Global Construction Machinery Leasing Market Competition, by Players
3.1 Global Construction Machinery Leasing Revenue and Share by Players (2014-2019)
3.2 Market Concentration Rate
3.2.1 Top 5 Construction Machinery Leasing Players Market Share
3.2.2 Top 10 Construction Machinery Leasing Players Market Share
3.3 Market Competition Trend
4 Global Construction Machinery Leasing Market Size by Regions
4.1 Global Construction Machinery Leasing Revenue and Market Share by Regions
4.2 North America Construction Machinery Leasing Revenue and Growth Rate (2014-2019)
4.3 Europe Construction Machinery Leasing Revenue and Growth Rate (2014-2019)
4.4 Asia-Pacific Construction Machinery Leasing Revenue and Growth Rate (2014-2019)
4.5 South America Construction Machinery Leasing Revenue and Growth Rate (2014-2019)
4.6 Middle East and Africa Construction Machinery Leasing Revenue and Growth Rate (2014-2019)
12 Global Construction Machinery Leasing Market Size Forecast (2019-2024)
12.1 Global Construction Machinery Leasing Market Size Forecast (2019-2024)
12.2 Global Construction Machinery Leasing Market Forecast by Regions (2019-2024)
12.3 North America Construction Machinery Leasing Revenue Market Forecast (2019-2024)
12.4 Europe Construction Machinery Leasing Revenue Market Forecast (2019-2024)
12.5 Asia-Pacific Construction Machinery Leasing Revenue Market Forecast (2019-2024)
12.6 South America Construction Machinery Leasing Revenue Market Forecast (2019-2024)
12.7 Middle East and Africa Construction Machinery Leasing Revenue Market Forecast (2019-2024)
For more information on this report at: https://www.marketstudyreport.com/reports/global-construction-machinery-leasing-market-2019-by-company-regions-type-and-application-forecast-to-2024/?utm_source=Openpr.com-SP
Related Report:
Global Construction Machinery Leasing Market Size, Status and Forecast 2025
This report studies the global Construction Machinery Leasing market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Construction Machinery Leasing market by companies, region, type and end-use industry.
https://www.marketstudyreport.com/reports/global-construction-machinery-leasing-market-size-status-and-forecast-2025?utm_source=marketwatch.comRR-SP
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