2024 Construction Equipment Rental Market Trends & Regional Insights | Top Best Companies likes - United Rentals Inc., Kanmoto Co Ltd., Herc Rentals Inc., Hitachi Construction Machinery Co., Ltd, Caterpillar Inc., Loxam Group

Global Construction Equipment 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.

Construction Equipment Rental Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Construction equipment rental involves leasing heavy machinery and tools-such as excavators, cranes, loaders, and generators-for temporary use on construction sites. This service offers contractors and companies cost-effective access to the latest equipment without the burden of ownership, maintenance, or long-term investment, enhancing project flexibility and efficiency.

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.

Industry Development:

On July 11, 2023, Cooper Equipment Rentals of Canada acquired Warner Rentals and Scotty's Rentals and Landscaping, expanding its footprint in western Canada. This move strengthens Cooper's presence in central British Columbia and boosts service coverage in the region's growing equipment rental market.

Growth Forecast 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.

Research Process:

Both primary and secondary data sources have been used in the global Construction Equipment Rental Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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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

Regional Analysis for Construction Equipment Rental Market:

The regional analysis of the Construction Equipment Rental Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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

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People Also Ask:

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

➠ Who are the leading manufacturers in the global Construction Equipment Rental industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Construction Equipment Rental industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Construction Equipment Rental market?

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

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