Latest Study explores the Construction Equipment Rental Market Share, Research Analysis Witness Highest Growth in near future

Market Study Report Has Added A New Report On Construction Equipment Rental Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Construction Equipment Rental Market In Tandem With Its Competitive Terrain.

Global construction equipment rental market size is slated to experience dramatic growth over the next few years. This can be mainly associated with shifting preference of building & construction companies towards renting construction equipment rather than purchasing. Renting is emerging to become a more viable option for many companies, allowing them to run a more financially stable infrastructure business.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/467810/?utm_source=openpr.com&utm_medium=ADS

Construction equipment rental helps them cut repair, maintenance, and transportation costs. Escalating building & construction as well as infrastructure development projects worldwide will augment construction equipment rental market share. Growing focus on smart city development will further bolster the industry outlook.

Based on the product, construction equipment rental industry is segmented into earthmoving & roadbuilding equipment, material handling & cranes, and concrete equipment. The earthmoving & roadbuilding equipment product segment is further classified into backhoes, loaders, excavators, compaction equipment, and others. The segment accounts for more than 50% revenue share in global construction equipment market.

Backhoes, loaders, and excavators are extremely versatile when it comes to construction applications. These machines offer a range of different attachment options, making them capable for accomplishing a wide range of tasks. Additionally, earthmoving & roadbuilding equipment can be easily driven on roads which makes them a suitable choice for infrastructure projects with spread out worksites.

In terms of the regional landscape, Middle East & Africa (MEA) construction rental equipment industry will record a CAGR of more than 2% through 2026. This can be growing focus on surging government investments in smart city development projects. City planners worldwide are busy designing smart city projects and the MEA region is anticipated to host some of the most sophisticated smart cities in the world.

Smart city plans are garnering momentum in Middle East and Africa on account of rapidly rising rates of urbanization. MEA's urban population has increased from 20% in 1960 to more than 45% in 2015, according to the United Nations (UN). The year 2019 has witnessed tremendous acceleration in the region's smart city ambitions with a number of new initiatives and programs launched throughout the year.

Different countries in MEA are expected to deploy different smart city development solutions. For instance, African cities are expected to focus more on the development of transportation and utilities infrastructure. On the other hand, some of the more sophisticated countries like Saudi Arabia and Israel will likely focus heavily on improving the efficiency of public services. The aforementioned trends will certainly fuel construction equipment rental demand across MEA in the near future.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/467810/?utm_source=openpr.com&utm_medium=ADS

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and research parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Construction equipment industry 360 degree synopsis, 2015 - 2026

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, 2015 - 2026

3.2.1. Construction equipment landscape

More Details on this report: https://www.marketstudyreport.com/reports/construction-equipment-rental-market?utm_source=openpr.com&utm_medium=ADS

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.