Press release
Construction Equipment Rental Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
As per the study initiated by Evolve Business Intelligence, the global Construction Equipment Rental Market size accounted for USD 90.7 billion in 2022, growing at a CAGR of 4.14% from 2023 to 2033. The construction equipment rental market involves the provision of machinery, equipment, and tools to construction contractors, industries, and individual consumers for a specified period. This service has gained traction due to the substantial investment required for equipment ownership, making it unaffordable for many small builders and contractors. The market has experienced significant growth, with a global size of USD 111.6 billion in 2021 and projected expansion to USD 181.81 billion by 2023. The sector's growth is driven by the increasing adoption of rental equipment in various industries, the benefits of flexibility and cost-effectiveness for small businesses, and the anticipated surge in demand for equipment rentals, particularly in emerging countries. The market is expected to continue growing, supported by the cyclical nature of the construction industry and the shift towards rental options, especially in the face of economic uncertainties.Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022214
Key Highlights:
• The global Construction Equipment Rental Market size was valued at USD 90.7 billion in 2022 growing at a CAGR of 4.14% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Construction Equipment Rental Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
Buy the Latest Copy of the Report Now at Higher Discount: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022214
Key Players
Some of the major Construction Equipment Rental Market players holding high market shares include United Rentals, Inc, Herc Rentals Inc., Ashtead Group Plc and Aktio Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• United Rentals, Inc
• Herc Rentals Inc.
• Ashtead Group Plc
• Aktio Corporation
• Kanamoto Co., Ltd.
• Nishio Rent All Co., Ltd
• H&E Equipment Services, Inc
• Nikken Corporation
• Cramo Group
• Ramirent Plc
Segmental Analysis
Market Segment By Type
• Earthmoving
o Excavators
o Loaders
o Backhoe
o Motor Graders
o Others (Bulldozer, Trenchers etc.)
• Material Handling
o Cranes
o Telecscopic Handlers
o Others (Forklift,Pallet Jacks, etc)
• Heavy Vehicles
o Dumpers
o Tippers
• Concrete & Road Construction
o Concrete Pumpsr
o Crushers
o Batching Plant
o Pavers
o Others (Road rollers, Cold Planers, etc)
Market Segment By Application
• Residential
• Infrastructure
• Oil and Gas
• Mining
• Manufacturing
• Municipal and Government Projects
• Transportation and Logistics
• Agriculture
• Forestry
• Entertainment Sector
• Commercial Space
For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022214
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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