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Construction Equipment Rental Market | Industry Growth, Trends & Forecast 2024-2031 | Caterpillar Inc., Loxam Group, Liebherr.
Construction Equipment Rental Market
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What is the projected growth of the Global Construction Equipment Rental market?
Global Construction Equipment Rental Rental Market reached US$ 112.3 billion in 2022 and is expected to reach US$ 165.1 billion by 2030, growing with a CAGR of 5.1% during the forecast period 2024-2031.
What is Construction Equipment Rental Market?
The Construction Equipment Rental Market focuses on leasing heavy machinery like excavators, loaders, and cranes for temporary use in construction projects. It offers cost-effective solutions, reducing capital investment for contractors. Market growth is driven by infrastructure development, urbanization, and rising demand for flexible equipment solutions. Technological advancements and eco-friendly machinery are further shaping the industry's expansion.
Who are the major players in the Construction Equipment Rental market?
The prominent players in Construction Equipment Rental market research report are:
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.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
On March 19, 2023, New Rochelle-based Durante Rentals introduced Durante Rentals Event Services, expanding its offerings beyond construction equipment rentals. By leveraging its extensive assets and industry expertise, the company aims to make a significant impact on event-related projects, providing specialized rental solutions.
On July 11, 2023, Canada-based Cooper Equipment Rentals announced the acquisition of Warner Rentals and Scotty's Rentals and Landscaping. This expansion strengthens Cooper's presence in central British Columbia and enhances its service coverage across the rapidly growing western Canadian market, further solidifying its branch and specialty footprint in the region.
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Market Segments
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.
The Construction Equipment Rental industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
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
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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