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Global Construction Equipment Rental Market 2023 - Competitive Analysis, Industry Trends, Growth Rate And Outlook By 2032
Construction Equipment Rental Market
Construction Equipment Rental Market Size, Growth Rate, And Forecast
The global construction equipment rental market size grew from $95.23 billion in 2022 to $100.1 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. 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, causing inflation across goods and services and affecting many markets across the globe. The construction equipment rental market size is expected to grow to $121.76 billion in 2027 at a CAGR of 5.0%.
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Construction Equipment Rental Market Drivers
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.
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Construction Equipment Rental Market Segments
• By Equipment: Earthmoving, Material Handling, Road Building And Concrete
• By Product: Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers
• By Application: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Construction Equipment Rental market.
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Construction Equipment Rental Market Key Players
Major 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.
The Business Research Company's "Global Construction Equipment Rental Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Construction Equipment Rental Market Include:
1. Executive Summary
2. Construction Equipment Rental Market Characteristics
3. Construction Equipment Rental Market Trends And Strategies
4. Construction Equipment Rental Market - Macro Economic Scenario
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. 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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