Construction Equipment Rental Market Booming Worldwide | Latest Trends & Strategic Forecast - Most Leading Companies are United Rentals Inc., Kanmoto Co Ltd., Herc Rentals Inc., Hitachi Construction Machinery Co., Ltd

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 by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and expert perspectives. At DataM Intelligence, we're committed to turning complex market landscapes into clear, actionable strategies so you can stay competitive, grow confidently, and seize the right opportunities in a rapidly changing world.

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Construction Equipment Rental refers to the service of leasing heavy machinery and tools such as excavators, bulldozers, cranes, and loaders to construction companies for short-term use. This model helps reduce capital expenses, improve project flexibility, and provide access to the latest equipment without the burden of ownership or maintenance costs. It is widely adopted to optimize construction efficiency and manage budget constraints on various infrastructure projects.

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 March 19, 2023, Durante Rentals, headquartered in New Rochelle, N.Y., launched Durante Rentals Event Services. The company aims to quickly make a strong impact on projects by leveraging its extensive assets and expertise in construction equipment rentals.

On July 11, 2023, Canada-based Cooper Equipment Rentals expanded its reach by acquiring Warner Rentals and Scotty's Rentals and Landscaping. This acquisition enhances Cooper's branch network and specialty services across western Canada, particularly strengthening its presence in central British Columbia and tapping into the rapidly growing western Canadian market.

On June 18, 2023, Simplex Equipment Rental, based in Quebec, acquired Ontario's Skytec Rentals, a company specializing in aerial work platforms. Sharing aligned values and a customer-centric vision, this strategic acquisition reinforces Simplex's leadership position in the equipment rental industry.

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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