Construction Equipment Rental Market: A Report on Developments and Prospects in Construction Industry Services

Construction Equipment Rental Market 2023 Forecast: Unveiling Opportunities and Growth

Global "Construction Equipment Rental Market" is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Construction Equipment Rental Market report would benefit request players to define systems for the future and gain a solid situation in the worldwide market request development. Other than this, the specialists have profoundly contemplated distinctive geological regions and introduced a serious situation to help new rivals, driving business sector players and fiscal backers to decide arising economies.

This report on the Construction Equipment Rental Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea about various market inhibitors as well as market motivators in both a quantitative and qualitative approach with the purpose of providing users with accurate information.

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What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Players Driving the Market:
United Rentals, Inc.
Ashtead Group (Sunbelt Rentals)
Herc Holdings Inc. (Hertz Equipment Rental Corporation)
Loxam Group
Kiloutou
Ahern Rentals, Inc.
Aktio Corporation
Kanamoto Co., Ltd.
Nishio Rent All Co., Ltd.
Caterpillar Inc.

Cataloging the Competitive Terrain of the Construction Equipment Rental Market:

The report provides an overview of every manufacturers and the products developed by each manufacturer along with the application scope of every product.
Data regarding the market share of every company, as well as sales figures concerning each firm, is stated in the report.
Details regarding the profit margins and price patterns have been inculcated in the report.
Key Developments Shaping the Market

Several key developments have taken place in the Construction Equipment Rental market, indicating its continuous growth and innovation:

➤ United Rentals, Inc. expanded its equipment rental fleet to meet the growing demand for construction equipment. The company invested in the acquisition of new equipment and strategic partnerships to enhance its rental offerings and geographical coverage.
➤ Ashtead Group (Sunbelt Rentals) introduced an online platform for equipment rental, allowing customers to easily browse and book construction equipment. The platform incorporated features such as real-time availability, pricing transparency, and convenient delivery options.
➤ Herc Holdings Inc. (Hertz Equipment Rental Corporation) launched a mobile app that enables customers to rent construction equipment directly from their smartphones. The app provides a seamless rental experience with features like equipment selection, scheduling, and tracking.
➤ Loxam Group implemented digital solutions, such as telematics and IoT-enabled devices, to enhance equipment management and improve operational efficiency. These solutions enable remote monitoring, predictive maintenance, and optimized equipment utilization.

Construction Equipment Rental Market Dynamics:

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Growth Drivers:

➤Increasing construction activities: The growth in infrastructure development projects, residential construction, and commercial building activities worldwide drives the demand for construction equipment rental. Renting equipment offers cost-effective solutions and flexibility to construction companies.
➤Focus on reducing equipment ownership costs: Owning and maintaining construction equipment can be expensive. Renting construction equipment eliminates the need for upfront capital investment, reduces maintenance costs, and allows companies to access a wide range of equipment as per project requirements.
➤Short-term and specialized project requirements: Construction projects often have varying equipment needs depending on project phases, timelines, and specialized tasks. Equipment rental provides the flexibility to access specific equipment for the required duration without long-term commitments.
➤Technological advancements in equipment fleet: Rental companies are incorporating advanced technologies in their equipment fleets, such as telematics, GPS tracking, and fuel efficiency features. These technological advancements improve equipment performance, enhance safety, and increase customer satisfaction.

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Segmentation Analysis of the Market:

Global Construction Equipment Rental Market forecast report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Global Construction Equipment Rental Market segments and Market Data Break Down are illuminated.

Equipment Type: Earthmoving Equipment, Material Handling Equipment, Concrete & Road Construction Equipment, Aerial Work Platforms, Others.
Rental Duration: Short-term Rentals, Long-term Rentals.
End-User: Construction, Mining, Oil & Gas, Infrastructure, Others.

Construction Equipment Rental Market Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Construction Equipment Rental in these regions, covering

•North America (USA, Canada and Mexico)
•Europe (UK, Germany, France and the Rest of Europe)
•Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
•South America (Brazil, Argentina and the Rest of South America)
•Middle East and Africa (GCC and Rest of the Middle East and Africa)

** Note - This report sample includes:

Scope For 2024
Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by The Market Insights
The Global Construction Equipment Rental Market Industry Report Covers The Following Data Points:

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏: This section covers the global Market overview, including the basic market introduction, market analysis by its applications, type, and regions. The major regions of the global Market industry include North America, Europe, Asia-Pacific, and the Middle-East and Africa. Construction Equipment Rental Market industry statistics and outlook are presented in this section. Market dynamics states the opportunities, key driving forces, market risk are studied.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟐: This section covers Market manufacturers profile based on their business overview, product type, and application. Also, the sales volume, market product price, gross margin analysis, and share of each player is profiled in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟒: These sections present the market competition based on sales, profits, and market division of each manufacturer. It also covers the industry scenario based on regional conditions.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟓 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔: These sections provide forecast information related to Construction Equipment Rental Market for each region. The sales channels include direct and indirect Marketing, traders, distributors, and development trends are presented in this report.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟕 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖: In these sections, Industry key research conclusions and outcome, analysis methodology, and data sources are covered.

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The analyst presents a detailed picture of the market by the way of study, synthesis and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable and a result of extensive research - both primary and secondary. TMI provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

What makes the information worth buying?

• A comprehensive and in-depth overview of the global Construction Equipment Rental industry in exchange, use, and geographical area sectors is provided.

• This research looks at the industry rewards and constraints that influence industry growth.

• Developing business strategies and aspects to aid in an emerging market.

• Examining free markets and developing appropriate strategies.

Direct Contact:
Jitendra Kotwal
+1 (614) 602 2897 | +919926555007
Email: sales@themarketinsights.com
Website: https://www.themarketinsights.com/

About us.
Delivering foresights along with statistical analysis of the operational business industry impacts has been our foremost priority. With the constant developments in the research & development industry, we have always challenged the conventional research methodologies and discovered new research tactics to evolve the growing B2B requirements.

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