Press release
Construction Equipment Rental Market to Set Phenomenal Growth From 2024 to 2032 | United Rentals, Sunbelt, Herc
Construction Equipment Rental Market
The extensive Construction Equipment Rental market report conducts market research to assist clients in predicting investment in a growing market, expanding their market share, or achieving success with a new product. Various insights about the Construction Equipment Rental market are simplified using reliable marketing tools and techniques in this credible report. Graphs and charts are used to present data clearly and enhance understanding of facts and figures. Advanced approaches and the latest technology are employed to generate the best results in this Construction Equipment Rental market report. It identifies and analyzes emerging trends, major drivers, restraints, challenges, & opportunities in the industry.
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Market Overview:
The construction equipment rental market is experiencing growth due to rising construction activities globally. Renting equipment like cranes, bulldozers, and excavators provides cost-effective solutions for companies, eliminating the need for large upfront investments. The demand is driven by the expanding infrastructure development, especially in emerging economies, and the increased use of specialized machinery for short-term projects. Additionally, the growing trend of urbanization and ongoing government spending on public infrastructure projects are expected to continue driving the market's expansion. Renting also allows flexibility and maintenance-free operations, making it a preferred choice for many construction firms.
Market Size and Growth:
Construction equipment rental market size was valued at USD 92.36 billion in 2022 and is projected to reach USD 133.74 billion by 2032, growing at a CAGR of 4.2% from 2024 to 2032.
Competitive Dashboard:
United Rentals, Sunbelt, and Herc.
The Construction Equipment Rental Market report is generated through systematic data collection and analysis, including research on individuals, organizations, and social opinions. The global Construction Equipment Rental Market is categorized based on type and application. Players, stakeholders, and other participants in the global market can leverage this research as a valuable resource to gain a competitive edge. The segmental study focuses on production capacity, revenue, and forecasts by type and application for the years 2024-2032.
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Global Construction Equipment Rental Market: Segmental Analysis
By Equipment Type,
Earthmoving Equipment
Material Handling Equipment
Concrete & Road Building Equipment
By Application,
Residential
Commercial
Industrial
Countries Covered:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
Construction Equipment Rental Market Challenges and Risks:
The construction equipment rental market faces challenges related to fluctuating demand, especially during economic downturns, which can affect rental revenues. Maintenance costs and the need to ensure equipment reliability add financial pressure on rental companies. Additionally, the high cost of acquiring and maintaining equipment limits profitability. The market is also impacted by rising competition from both traditional rental companies and new entrants offering flexible rental terms. Furthermore, concerns regarding equipment theft and damage during use present ongoing risks, as does the rapid technological advancement of equipment requiring significant investment in fleet upgrades.
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Table of Content: Construction Equipment Rental Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Construction Equipment Rental market
Chapter 2: Exclusive Summary - the basic information of the Construction Equipment Rental Market
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Construction Equipment Rental Market
Chapter 4: Presenting the Construction Equipment Rental Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Construction Equipment Rental market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Construction Equipment Rental Market is a valuable source of guidance for individuals and companies.
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