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Construction Equipment Rental Market Trend, Share, Analysis & Forecast, 2020–2027 | Key Drivers, Restraints and Opportunities
Construction Equipment Rental Market
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The global construction equipment rental market size was valued at $90,997.4 million in 2019, and is expected to reach $106,422.0 million by 2027, registering a CAGR of 4.2% from 2020 to 2027.
Construction equipment rental market growth is driven by increase in construction & mining activities in developing nations of Latin America and Africa regions. In addition, additional expenses incurred due to maintenance of the equipment, excessive operational cost, and high wages of skilled operators can be saved by renting equipment for the required time, which significantly contributes toward the growth of the global market. Moreover, high initial investment required to buy equipment and financial constraints can be avoided by opting for the rental equipment, thereby augmenting the market growth.
Competition analysis
The major players profiled in the construction equipment rental market include Boels Rentals, H&E Equipment Services, Herc Rentals Inc., Kanamoto Co., Ltd., Nesco Holdings, Inc., Maxim Crane Works, L.P., Mtandt Group, Ramirent, Sarens n.v./s.a., and United Rentals, Inc. These companies have adopted strategies such as business expansion, acquisitions, and product launch to offer better services in the market owing to construction equipment rental market opportunity
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Key Benefits for Stakeholders
The report provides an extensive analysis of the current and emerging construction equipment rental market trends and dynamics.
In-depth construction equipment rental market analysis is conducted by estimations for the key segments between 2020 and 2027.
Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
The construction equipment rental market forecast analysis from 2020 to 2027 is included in the report.
Key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the construction equipment rental market industry.
Key Market Segments:
By Application
Excavation & Mining
Material Handling
Earthmoving
Concrete
By Product
Backhoes & Excavators
Loaders
Crawler Dozers
Cranes
Forklift
Other
By Propulsion System
Electric
ICE
By Region
North America
Europe
Asia-Pacific
LAMEA
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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