Equipment Rental Software Market 2021: In-depth Research with Emerging Growth Trends, Regional Status of Top Key Players, Driving Factors, Business Strategies and Industry Size Forecast to 2028

This research report will give you deep insights about the Equipment Rental Software Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of 150 pages. All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.

The equipment rental software market is expected to grow from US$ 266.78 million in 2021 to US$ 430.61 million by 2028; it is estimated to grow at a CAGR of 7.1% during 2021-2028.

Rental management software helps in streamlining rental operations and increasing profits. Dealerships can use rental management software to plan, operate, monitor, and improve rental operations to increase profitability and improve customer service. The rental department is fully integrated with the rest of the dealership with rental management software, reducing equipment downtime, streamlining operations, and ultimately boosting the organization's rental department's profitability.

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With the growing competition, urbanization, and exponential growth in automation and construction industries, the equipment rental software market has shown a rapid growth. The rising adoption of industry 4.0 and 5G wireless technology is fuelling the demand for automation solutions across various industry verticals, supporting the equipment rental software market growth. Further, with the expansion of the industrial Internet of Things (IoT), digital twin, and augmented reality (AR), the demand for equipment rental software is expected to grow at a rapid pace over the coming years. For instance, in July 2021, Kezzler AS collaborated with Rockwell Automation Inc. to enable manufacturers to track their products from raw material sources to the point-of-sale and beyond. However, the equipment rental software industry has also been impacted by the slowdown in global financial growth, maintaining a comparatively favorable growth rate.

The players operating in the equipment rental software market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the equipment rental software market. A few developments by key players are listed below:

In January 2022, the new features offered by Booqable such as request and accept payments with the New Booqable iOS App. The new Booqable iOS app made it easier for customers to request and accept payments. Customers can scan a QR code, receive an email or text message, or AirDrop a link to a customer's device using the new share sheet. The new feature will be able to fill out payment information on the customer phone and make a payment.

In October 2022, eSUB construction software released new project summary dashboards. The dashboards are the part of company's ongoing efforts to modernize the user interface and update its platform architecture. With eSUB Accounting's Sage 300 CRE, Viewpoint Vista, and Spectrum accounting integrations, financial summaries go hand-in-hand. This will provide control over projects and take snapshots of real-time job costing data and projected profitability.

Major key players covered in this Equipment Rental Software Market report:
• BCS ProSoft, LLC
• Booqable.com
• eSUB, Inc.
• EZRentOut
• HQ Rental Software
• inspHire Ltd
• MCS Global Ltd
• Orion Software Inc.
• Point of Rental
• Wynne Systems

Equipment Rental Software Market Insights
Growth in Demand for Construction in Power Sector

Many power generation businesses, particularly in the North America and Europe, are investing in renewable energy sources. For instance, in December 2017, EDF Energy announced a US$ 27 billion investment in solar power infrastructure. Furthermore, governments across the world are promoting renewable energy sources by providing incentives and subsidies to enterprises that generate renewable energy. Wind power generators in Australia were granted US$ 600 million in subsidies by the Australian government. Thus, the proliferation of the power sector, especially the renewable energy industry, would boost the demand for construction services. As a result, the need for heavy equipment is expected to rise in the industry in the coming years, which is likely to provide significant opportunities to the equipment rental software market players in the future.

Component-Based Market Insights
Based on component, the equipment rental software market is segmented into software and services. In 2021, the software segment led the market with a larger share.

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Equipment Rental Software Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Equipment Rental Software market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Equipment Rental Software market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Table Of Contents
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Equipment Rental Software Market Landscape
5. Equipment Rental Software Market - Key Market Dynamics
6. Equipment Rental Software Market - Global Market Analysis
7. Equipment Rental Software Market - Revenue And Forecasts To 2028 - Source
8. Equipment Rental Software Market - Revenue And Forecasts To 2028 - Nature
9. Equipment Rental Software Market - Revenue And Forecasts To 2028 - Format
10. Equipment Rental Software Market - Revenue And Forecasts To 2028 - Packaging
11. Equipment Rental Software Market - Revenue And Forecasts To 2028 - Distribution Channel
12. Equipment Rental Software Market Revenue And Forecasts To 2028 - Geographical Analysis
13. Industry Landscape
14. Equipment Rental Software Market, Key Company Profiles
15. Appendix
LIST OF TABLES
LIST OF FIGURES

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