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Construction Equipment Rental Market Report 2022 - Estimated Yield, Revenue Analysis, Segmentation, And Forecast To 2031
Construction Equipment Rental Market
The regions covered in the construction equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, North America accounts for the largest construction equipment rental market share.
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The construction equipment rental market consists of sales of construction equipment products by entities (organizations, sole proprietors, partnerships) that rent out construction-related machinery, equipment, and tools to other contractors and professionals for a flat rate on daily, weekly or monthly basis. Renting construction equipment saves construction contractors the cost of new equipment, labor cost, maintenance cost, and operational costs.
Key competitors in the construction equipment rental market include H&E Equipment Services, Inc, Maxim Crane Works, L.P., Boels Rentals, United Rentals Inc., Ashtead Group Plc, Loxam, Herc Holdings Inc., Aktio Corporation, Kanamoto Co. Ltd., Taiyokenki Rental Co., Ltd., Cramo, Ramirent Plc, Kiloutou, Speedy Hire Plc, Nishio Rent All Co. Ltd., The Hertz Corporation, Ahern Rentals and Nikken Corporation.
The global construction equipment rental market size is expected to grow from $90.60 billion in 2021 to $94.81 billion in 2022 at a compound annual growth rate (CAGR) of 4.64%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global construction equipment rentals market size is expected to reach $114.24 billion in 2026 at a CAGR of 4.77%.
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TBRC's report segments the global construction equipment rental market:
1) By Equipment: Earthmoving, Material Handling, Road Building and Concrete
2) By Product: Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers
3) By Application: Residential, Commercial, Industrial
Read Further On The Construction Equipment Rental Market Here:
https://www.thebusinessresearchcompany.com/report/construction-equipment-rental-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Construction Equipment Rental Market Characteristics
3. Construction Equipment Rental Market Trends And Strategies
4. Impact Of COVID-19 On Construction Equipment Rental
5. Construction Equipment Rental Market Size And Growth
.....
27. Construction Equipment Rental Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Construction Equipment Rental Market
29. Construction Equipment Rental Market Future Outlook and Potential Analysis
30. Appendix
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