Press release
Construction Equipment Rental Market- 2020-2027 | Demand & Future Growth Analysis | Boels Rentals, H&E Equipment Services, Herc Rentals Inc., Kanamoto Co., Ltd., Nesco Holdings, Inc.
Construction Equipment Rental Market
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According to a recent report published by Allied Market Research, titled, “Construction Equipment Rental Market by Application, Product and Propulsion System: Opportunity Analysis and Industry Forecast, 2020–2027,” the global construction equipment rental market size was $91.0 billion in 2019, and is expected to reach $106.4 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027.
Depending on application, the earthmoving segment dominated the global construction equipment rental market in 2019, in terms of revenue, due to increase in number of earthmoving activities carried out at construction and mining sites. Moreover, on the basis of product, the loader segment dominated the market in 2019 and will continue to dominate during the forecast period. In addition, by propulsion system, the ICE segment dominated the market in 2019, as the engines are powerful.
Key Players
The major players profiled in the 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.
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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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Contact:
David Correa
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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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