Construction Equipment Rental Market Report: Comprehensive Insights and United Rentals Inc., Kanmoto Co Ltd., Herc Rentals Inc., Hitachi Construction Machinery Co., Ltd

Construction Equipment Rental Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Construction Equipment Rental market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Construction Equipment Rental market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Construction Equipment Rental Market reached US$ 112.3 billion in 2022 and is expected to reach US$ 165.1 billion by 2031, growing with a CAGR of 5.1% during the forecast period 2024-2031.

What is Construction Equipment Rental Market?

Construction Equipment Rental refers to the practice of leasing machinery and tools used in construction projects rather than purchasing them outright. This rental service allows contractors and construction companies to access a wide range of equipment, including excavators, bulldozers, cranes, and scaffolding, without the significant upfront costs associated with ownership. Renting equipment provides flexibility, as it allows businesses to use the latest technology and machinery for specific projects while reducing maintenance and storage responsibilities. It is an economical solution that helps optimize project budgets and timelines, especially for short-term or specialized construction tasks.

Growing Investment in Infrastructure

Infrastructure projects typically feature fluctuating requirements and workloads. Renting equipment offers the flexibility to quickly adjust to project demands, allowing for scaling up or down as necessary. Rental companies also provide technical support and operator training, ensuring that contractors can use the equipment safely and efficiently. This assistance is particularly valuable for operating complex machinery, enhancing overall project effectiveness.

Key Players:

Profiles of some of the major players in the global Construction Equipment Rental market, which include:

United Rentals Inc., Kanmoto Co Ltd., Herc Rentals Inc., Hitachi Construction Machinery Co., Ltd, Caterpillar Inc., Loxam Group, Liebherr, H&E Equipment Services, Inc., Boels Rental and Ahern Rentals

Industry Development:

On March 19, 2023, Durante Rentals, headquartered in New Rochelle, N.Y., launched Durante Rentals Event Services. This new initiative aims to leverage the company's assets and expertise in construction equipment rentals to make an immediate impact on their projects.

On July 11, 2023, Cooper Equipment Rentals, based in Canada, announced the acquisition of Warner Rentals and Scotty's Rentals and Landscaping, further expanding its branch and specialty presence in western Canada. The acquisition of Warner Rentals enhances Cooper's service coverage in central British Columbia and strengthens its footprint in the rapidly growing western Canadian market.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Construction Equipment Rental market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Product: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Others

By Propulsion: Diesel, Gasoline, Construction Vehicles, Others

By Drive: Hydraulic, Electric, Hybrid

By Application: Residential, Commercial, Industrial, Infrastructure

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features:

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.

➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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