Press release
Construction Equipment Rental Market Trends 2024 | Top Manufacturers are United Rentals, Caterpillar Inc., BlueLine Rental, Herc Rentals.
Construction Equipment Rental Market
Construction Equipment Rental Market to cross $140 billion by 2024. The rise in the construction of commercial and residential infrastructures is anticipated to drive the construction equipment rental market over the forecast timeline. Government institutions across various regions are making heavy investments on new construction projects as well as reconstructing the existing structures.
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The growth can be attributed to the rising number of high-scale infrastructure projects undertaken by the government such as Chardham Highway Project, Setu Bharatam Project, Bharatmala Project, and Gujarat-Gorakhpur Gas Pipeline. Countries including India will witness a significant growth over the forecast timeline.
Construction Equipment Rental Market, By Product
• Earthmoving & Road Building Equipment
• Backhoes
• Excavators
• Loaders
• Compaction Equipment
• Others
• Material Handling & Cranes
• Storage & Handling Equipment
• Engineered Systems
• Industrial Trucks
• Bulk Material Handling Equipment
• Concrete Equipment
• Concrete Pumps
• Crushers
• Transit Mixers
• Asphalt Pavers
• Batching Plants
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Rising disposable income coupled with the enhancement in living standards of individuals across the emerging economies is leading to growing investments in shopping malls, recreation centers, and amusement parks. These infrastructure projects generally have stringent timelines, compelling the construction companies to rent machinery instead of purchasing, considering it as a more profitable approach.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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