Global Construction Equipment Rental Market 2020: Provision in the Tax Code and Adoption of Technology Provide Ample Opportunities for Contractors to Optimize their Rental Fleet and Generate More Revenue

Market Drivers & Opportunity: Benefits of Rental, Increasing Construction Equipment Demand, Shift in Trends Toward Rental, Low Rental Penetration in Emerging Nations, Increasing Investment in Infrastructure, The Excavators Sub-segment is Expected to Dominate the Earthmoving Equipment Segment

Construction Equipment Rental, also called plant hire in some countries (in the UK for instance), is a service industry providing machinery, equipment, and tools of all kinds and sizes (from earthmoving to powered access, from power generation to hand-held tools, etc.) for a limited period of time to final users, mainly to construction contractors but also to industry and individual consumers.

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This market research report identifies the high prices of equipment that meet emission regulations as one of the primary drivers for the growth of the global construction equipment rental market.

One of the key trends that will gain traction in the global construction equipment rental market is the growing preference for a joint venture in equipment rental. Joint ventures among big construction equipment rental companies enable them to enhance their product portfolio and help them obtain cost optimality in large-scale projects.

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The customers in the US are becoming more accustomed to the flexibility of the outsourcing model, which drives the penetration of rental construction equipment in North America. In the forthcoming years, the rental market penetration in the US is expected to increase by 10%. The region will continue to adopt rental construction equipment during the estimated period due to the rising technical changes in equipment.

In 2018, the global Construction Equipment Rental market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Construction Equipment Rental status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the Construction Equipment Rental development in United States, Europe and China.

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The key players covered in this study
o Sunbelt Rentals
o Cramo
o Loxam
o Herc Rentals
o United Rentals
o Ramirent
o Speedy Hire
o Select Plant Hire
o MEDIACO
o HSS Hire Service Group
o Kiloutou
o HKL Baumaschinen GmbH
o Zeppelin
o RSC Equipment Rental
o Finning International
o H&E Equipment Services
o American Equipment Company
o Maxim Crane Works
o Neff Rental
o Ahern Rentals
o Coates Hire
o Nishio Rent-All
o Kanamoto Co
o Emeco
o Komatsu Group
o Hitachi Construction Machinery

Market segment by Type, the product can be split into
o Online Rental
o Offline Rental

Market segment by Application, split into
o Enterprise
o Municipal
o Others

Market segment by Regions/Countries, this report covers
o United States
o Europe
o China
o Japan
o Southeast Asia
o India
o Central & South America

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