Construction Equipment Rental Market Analysis and Forecast to 2033: COVID-19 and Post-COVID Impact, Opportunities and Trends

The Construction Equipment Rental Market, valued at USD 187.62 billion in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 4.85% from 2023 to 2033. This market expansion is driven by rapid technological advancements that enhance the efficiency and capability of construction equipment, making rental options more attractive for a wide range of construction projects. However, the market faces challenges due to the perception of high operational costs associated with renting equipment, which can deter potential customers. Despite this, there are significant opportunities for growth, particularly with the increasing demand for green and sustainable equipment. As the construction industry shifts towards environmentally friendly practices, the rental market can capitalize on providing eco-friendly machinery that meets regulatory standards and customer preferences for sustainable solutions.

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The report includes 10 key players in the Construction Equipment Rental market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
• Ashtead Group
• Loxam
• Herc Holdings Inc
• Aktio Corporation
• The Hertz Corporation
• Nesco Rentals
• Boels Rentals
• Unirent
• Caterpillar
• United Rentals Inc.

The competitive landscape of the Construction Equipment Rental Market is dominated by several major players who lead the industry with their extensive fleets, broad service offerings, and strong market presence. Key companies include Ashtead Group, Loxam, Herc Holdings Inc, Aktio Corporation, The Hertz Corporation, Nesco Rentals, Boels Rentals, Unirent, Caterpillar, and United Rentals Inc. Ashtead Group and United Rentals Inc. are among the largest players, boasting vast inventories and extensive networks that cater to a wide range of construction needs. Loxam and Boels Rentals are significant players in the European market, known for their comprehensive equipment ranges and customer-focused services. Herc Holdings Inc. and The Hertz Corporation leverage their brand recognition and broad reach to maintain a competitive edge. Aktio Corporation and Nesco Rentals focus on specialized equipment and niche markets, providing tailored solutions for specific construction segments. Unirent offers flexible rental options, appealing to small and mid-sized projects. Caterpillar, a major manufacturer, also plays a crucial role in the rental market by providing high-quality equipment through its rental services.

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Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Construction Equipment Rental Market:
o Backhoes
o Excavators
o Loaders
o Crawler Dozers
o Cranes
o Concrete Pumps
o Compactors
o Transit Mixers
o Concrete Mixers
o Others

Market Segment By equipment with focus on market share, consumption trend, and growth rate of the Construction Equipment Rental Market:
o Earthmoving
o Material Handling
o Road Building & Concrete

Global Construction Equipment Rental Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Benelux
o Nordic
o Rest of Europe

• Asia Pacific
o China
o Japan
o South Korea
o Indonesia
o Austalia
o Malaysia
o India
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of the Middle East & Africa

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Key Matrix for Latest Report Update
• Base Year: 2023
• Estimated Year: 2024
• CAGR: 2024 to 2034

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