Press release
Construction Equipment Rental Market is Estimated to Reach USD 166.71 Billion By 2030: Cognitive Market Research
Construction Equipment Rental Market is Estimated to Reach USD 166.71 Billion By 2030: Cognitive Market Research
Construction equipment rental is a type of service to rent out construction equipment to end users for a particular period of time. This equipment is majorly used at construction mining sites to facilitate heavy operations.
Summary:
• Global Construction Equipment Rental Market Size Was Valued at USD 109 Billion In 2023 And Is Expected to Grow at A CAGR Of 5.21 % During the Forecast Period, Reaching USD 166.71 Billion By 2030.
• Based on application, the earthmoving segment has the largest revenue share in the construction equipment rental market.
• North America has the largest revenue share in the construction equipment rental market.
To know more The Construction Equipment Rental Market statistics click here: https://www.cognitivemarketresearch.com/construction-equipment-rental-market-report
Market Dynamics:
Increasing construction & mining activities in developing countries such as Africa and Latin America is the major factor expected to drive the growth of the construction equipment rental market. Furthermore, increasing investment to buy equipment and financial constraints can be avoided by opting for rental equipment is expected to growth opportunities in the construction equipment rental market. However, the lack of skilled laborers and saturation in the construction and mining industry in developed countries is the major factors hindering the growth of the construction equipment rental market.
Market Segmentation:
Product:
• Backhoes and Excavators
• Loaders
• Crawler Dozers
• Cranes
• Forklift
• Other
Application:
• Excavation and Mining
• Material Handling
• Earthmoving
• Concrete
Based on Application, the earthmoving segment has the largest revenue share in the construction equipment rental market. This is due to increasing bridges and road construction is a key factor anticipated to drive the growth of the earthmoving segment.
Propulsion System:
• Electric
• ICE
Competitive Analysis for Construction Equipment Rental Market: Sunbelt Rentals, Cramo, Loxam, Herc Rentals, United Rentals, Ramirent, Speedy Hire, Select Plant Hire, MEDIACO, HSS Hire Service Group, Kiloutou, HKL Baumaschinen GmbH, Zeppelin, RSC Equipment Rental, Finning International, H&E Equipment Services, American Equipment Company, Maxim Crane Works, Neff Rental, Ahern Rentals, Coates Hire, Nishio Rent All, Kanamoto Co, Emeco, Komatsu Group, Hitachi Construction Machinery & Equipment.
Get free sample pages of latest published Construction Equipment Rental Market Report: https://www.cognitivemarketresearch.com/construction-equipment-rental-market-report
North America accounted for the largest share of the global construction equipment rental market.
North America has the largest revenue share in the construction equipment rental market. This is due to increasingly advanced technological machinery and their minimum cost projected to drive the growth of the construction equipment rental market in the region.
News:
Herc Holdings has acquired Toronto-based rapid equipment rental limited
In October 2021, Herc Holdings Inc. has announced that entered a purchase agreement to acquire Toronto-based Rapid equipment rental limited.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Construction Equipment Rental Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Construction Equipment Rental Market Segmentation
1.5.1 Construction Equipment Rental Market Regional Fragmentation
1.5.1 Construction Equipment Rental Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Construction Equipment Rental Market
• 3.1 Global Construction Equipment Rental Market Size 2018 - 2030, (USD Million)
• 3.2 Global Construction Equipment Rental Market Statistics 2022: Snapshot
Chapter 4 Global Construction Equipment Rental Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Construction Equipment Rental Market by Product Type Segmentation Analysis (2018-2030)
Chapter 9 Global Construction Equipment Rental Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Construction Equipment Rental Market by Propulsion System Segmentation Analysis (2018-2030)
Chapter 11 Global Construction Equipment Rental Market Regional Analysis
Chapter 12 North America Construction Equipment Rental Market Outlook (2018 - 2030)
Chapter 13 Europe Construction Equipment Rental Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Construction Equipment Rental Market Outlook (2018 - 2030)
Chapter 15 Latin America Construction Equipment Rental Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Construction Equipment Rental Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Construction Equipment Rental Market TOC click here: https://www.cognitivemarketresearch.com/construction-equipment-rental-market-report#table_of_contents
Related Report:
• Construction Equipment Market- https://www.cognitivemarketresearch.com/construction-equipment-market-report
• Material Handling Robotics Market- https://www.cognitivemarketresearch.com/material-handling-robotics-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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