Construction Equipment Rental Market reached US$ 112.3 billion in 2022 and is expected to reach US$ 165.1 billion by 2031 | United Rentals Inc., Kanmoto Co Ltd., Herc Rentals Inc.

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.

Construction Equipment Rental Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

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The Construction Equipment Rental market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Construction equipment rental provides access to heavy machinery and tools for construction projects without the need for purchasing. It includes equipment like excavators, cranes, bulldozers, and concrete mixers. This cost-effective solution helps businesses manage short-term needs, reduce maintenance expenses, and improve project flexibility. The rental market is growing due to the increasing demand for infrastructure development and sustainable practices, with companies adopting advanced technologies like telematics to enhance equipment efficiency.

Forecast Growth Projected:

The Global Construction Equipment Rental Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Construction Equipment Rental Market:

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.

Segment Covered in the Construction Equipment Rental Market:

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

Industry Development:

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.

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Regional Break out:

The global Construction Equipment Rental Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ 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

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Construction Equipment Rental manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Construction Equipment Rental in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Construction Equipment Rental market?

➠ Who are the global key manufacturers of the Construction Equipment Rental Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Construction Equipment Rental market opportunities and threats faced by the vendors in the global Construction Equipment Rental Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Construction Equipment Rental market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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