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Log Splitter Rental Market is Expected to Grow US$ 546.5 Million in 2033 at a CAGR of 4.4%: Fact.MR

07-09-2024 09:06 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Log Splitter Rental Market

Log Splitter Rental Market

The log splitter rental market is projected to grow at a rate of 4.4% during the forecast period, reaching a valuation of US$ 546.5 million by 2033, up from US$ 355.3 million in 2023.

Wood remains a crucial resource for diverse applications such as lumber, furniture, plywood, wood-based panels, pulp and paper, and various chemical products. Additionally, wood serves as a major fuel source for many economies. The strong demand for wood presents numerous opportunities for log splitters, which aid in the efficient management of wood logs and facilitate the production of wood pieces to meet these diverse requirements.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8625

Country-wise Insights

Firewood remains a popular energy source in the UK, particularly for heating purposes. Recent political tensions between Russia and Ukraine have led to trade restrictions, causing an energy shortage in the UK and increasing the demand for alternatives like firewood.

With sanctions affecting fuel and energy imports from Russia, many countries are turning to firewood as a substitute. This shift has escalated the need for efficient log splitters to process firewood for both personal and commercial use. Rental services are meeting this demand by providing log splitters to individuals and businesses, facilitating the efficient splitting of firewood.

Additionally, in the landscaping and gardening sectors, log splitters are essential for tree and vegetation removal. They enable the processing of felled trees into manageable pieces for disposal or reuse. Rental services support these industries by offering log splitters for rent, helping landscapers and gardeners handle their projects effectively.

Read More: https://www.factmr.com/report/log-splitter-rental-market

Category-wise Insights

Electric log splitters are gaining popularity due to their lightweight and easy-to-use design compared to hydraulic or kinetic models. Featuring simple controls, electric log splitters are user-friendly, appealing to homeowners and DIY enthusiasts without prior experience with such equipment.

These models are compact and portable, allowing users to move them easily around their property or transport them to different locations. Unlike gas or hydraulic-powered splitters, electric models do not require a dedicated power source, enhancing their convenience for small-scale tasks or users with limited storage space.

Moreover, electric log splitters are generally more affordable than hydraulic or kinetic models, making them attractive to cost-conscious users. Renting electric log splitters provides a cost-effective solution, enabling individuals to benefit from efficient wood processing without significant upfront investment.

The electric log splitter rental market is projected to grow from US$ 118.0 million in 2023 to US$ 194.6 million by 2033, offering an absolute opportunity of US$ 79.2 million.

Eminent Players' Key Strategies

Key players in the market, including A-Plant, BlueLine Rental, Coates Hire, Herc Rentals, HSS Hire, Kennards Hire, RentalMax, Sunbelt Rentals, The Home Depot Rental, and United Rentals, are actively forming partnerships and collaborations. These alliances with construction firms, landscaping companies, and firewood suppliers aim to expand their customer base and capitalize on mutually beneficial opportunities across related industries.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8625

Segmentation of Log Splitter Rental Industry Research

By Power Source :
Manual
Electric
Gas-powered
Hydraulic
By Type of Operation :
Horizontal
Vertical
Multi-position
By Splitting Force :
Under 20 Tons
20-40 Tons
Above 40 Tons
By End-use Industry :
Homeowners / Residential
Landscaping & Gardening
Forestry & Logging Industry
Construction Industry
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘

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