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Global Construction Equipment Rental Market Size and Forecast 2022-2031 | H&E Equipment Services, Inc, Maxim Crane Works, L.P., Boels Rentals, United Rentals Inc., Ashtead Group Plc
Construction Equipment Rental Market
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The global Construction Equipment Rental market report by the business research company the growing construction industry is expected to propel the growth of the construction equipment rental market going forward. The construction industry is rising because of ongoing urbanization, impending infrastructural projects, and a growing population base. The construction sector uses a variety of construction equipment such as tower cranes, bulk material handling, transit mixers, batching plants, concrete pumps, and others. Renting this equipment helps contractors reduce the cost of purchase and maintenance.
The global construction equipment rental market 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The construction equipment rental market is expected to reach $114.24 billion in 2026 at a CAGR of 4.77%.
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North America was the largest region in the construction equipment rental market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. 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.
Major players in the construction equipment rental market are 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 is segmented -
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
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The Construction Equipment Rental Market Report Contents Include
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
....
26. Africa Construction Equipment Rental Market
27. Construction Equipment Rental Market Competitive Landscape And Company Profiles
28. Construction Equipment Rental Pipeline Analysis
29. Key Mergers And Acquisitions In The Construction Equipment Rental Market
30. Construction Equipment Rental Market Future Outlook and Potential Analysis
31. Appendix
This report covers the trends and market dynamics of the Construction Equipment Rental market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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