Construction Equipment Rental Market 2021-2025 Top Key Players, Growth Rate, Trend, Share, Size | Maxim Crane Works, Neff Rental , Ahern Equipment Rentals, Caterpillar Inc., | Global Forecast by Brandessence Market Research
Market Key Players:
Construction equipment rental market report covers prominent players are: Industrial Supplies Development Co. Ltd, Hertz Equipment, John Deere, JCB, Battlefield Equipment Rentals, Conquest Equipment, Liebherr, J.R. Construction Equipment Sales and Rentals, American Equipment Company (Ameco), Loxam group, Sunstate Equipment Company, Finning, Herc Rentals, Access Industries, Sunbelt, United Rentals, Maxim Crane Works, Neff Rental , Ahern Equipment Rentals, Caterpillar Inc., Gemini Equipment and Rentals (GEAR), Zahid Group., KOMATSU EQUIPMENT and Others.
Construction equipment rental is used in infrastructure sector includes power, bridges, dams, roads and urban infrastructure development. Equipment rental 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. Construction equipment rental has become a more attractive option for business owners and individuals looking to complete projects. Renting construction equipment offers a number of advantages for business including the service and maintenance costs are eliminated and rental equipment features the latest technology. Renting equipment becoming more popular because it is reliable and well maintained by the providers.
Construction equipment rental market report is segmented on the basis of product and by regional & country level. Based upon product, global construction equipment rental market is classified into earth moving machinery material handling machinery and concrete & road construction machinery.
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Construction Equipment Rental Market Segmentation:
By Product: Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery
Regional & Country Analysis: North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Construction Equipment Rental Market Regional Analysis:
Asia pacific is expected to dominate the construction equipment rental market with the highest share over the forecast period due to the increase in construction industries, rising population and urbanization, along with growth in the IT sector, increasing demand from commercial landscapers, presence of manufactures with minimizes labor cost for production and availability of effective infrastructure in emerging countries, such as China and India. According to IBEF report, Several Indian firms are entering into tie-ups for equipment rental & leasing business, For example, tie-up between SREI Infrastructure and BNP Paribas. This is expected to drive sales of construction equipment in future. For example, Laxyo Energy Ltd. is continuously aiming to be India's largest service providing company in renting/leasing of Construction equipments, specialized in various class of machinery. It provides construction equipment on rent at cost effective prices for a flexible length of time. These rental equipments are widely used for different kinds of building construction and repair.
In addition, China is the largest equipment market worldwide. China is a leader in construction machinery manufacturing, due to availability of advanced manufacturing facilities, cheaper labor costs and high production capacity. China manufacturers export their machinery to many countries around the world. Also, Increase in government initiatives to enhance residential & public infrastructure fueling the market growth. According to IBEF report, under the Smart Cities Mission, 83 projects have been launched in 20 cities by the government of India in 2016.
Construction Equipment Rental Market Dynamics:
Increasing development in the construction and mining activities, mostly in the developing countries, rising capital investments in transportation, hospitality and infrastructure with easy availability of machinery are the key factors driving the market for construction equipment rental market. According to the FMI, 2% increases (USD44 billion) in U.S. healthcare construction spending in 2019.In addition, the number of highway constructions, metro construction, Special Economic Zones ,hydroelectric projects, airports, dams in order to sustain better connectivity, high-level industrial activities and due energy demand fuelling the market in forecast peried. According to statista report, the global construction equipment is expected to increase to around 132.6 billion U.S. dollars by 2026.
There are 15 Chapters to display the Global Construction Equipment Rental market:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Global Construction Equipment Rental market, Applications, Market Segment by Types
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Construction Equipment Rental Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation[North America (Covered in Chapter 6 and 13), United States, Canada, Mexico, Europe (Covered in Chapter 7 and 13), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 8 and 13), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 9 and 13), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 10 and 13), Brazil, Argentina, Columbia, Chile & Others ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Global Construction Equipment Rental Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels
Chapter 13 and 14, about vendor landscape (classification and Market Ranking)
Chapter 15, deals with Global Construction Equipment Rental Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.
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