Construction Equipment Rental Market to Register a Strong Growth by 2016 - 2026
Construction Equipment Rental Market, Construction Equipment Rental, Construction Equipment, Construction Equipments, Construction
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The practice of leasing heavy machinery construction equipment instead of purchasing it has proven to be beneficial for all sizes of companies across the world. This has resulted in robust growth of the construction equipment rental market. Major growth is observed in sectors such as transport, housing, energy and power, which have large scale investments. With such high level of investments construction companies prefer to rent equipment so as to reduce their project costs. This is a cost effective approach as in doing so they face lower maintenance costs and fewer technical charges. Adding to that, transportation, operation and servicing requirements are reduced many folds. Both these factors fuel demand for the construction equipment rental market in the coming future.
Construction Equipment Rental Market: Drivers and restraints
Developments in the infrastructure sector, clubbed with a varied range of advanced construction equipment in rental fleets are expected to drive demand for the construction equipment rentals market. Companies in the construction equipment rental market are skilful in identifying customers; they relocate construction equipment to different locations to monopolize on increasing demand from real estate industries in commercial and residential sectors. Strict regulations, increasing ownership cost and financial constraints are some of the key reasons fueling the construction equipment rental market.
On the other hand, fluctuating fuel prices and expenditure of picking up and delivering machinery, especially if the contractor is working in remote areas, is expected to obstruct demand in the construction equipment rental market over the forecast period.
Construction Equipment Rental Market: Segmentation
The construction equipment rental market can be segmented on the basis of product type.
• Earthmoving machinery (loading shovels, excavators, site dumpers and dump trucks)
• Material handling machinery (shelves, frames, sliding racks, bulk containers, bins, silos, conveyors, pallet trucks, fork lifts, platform trucks, hand trucks, cranes, etc.)
• Concrete & road construction (trenchers, planers, pavers, rollers, hot boxes, etc.)
Construction Equipment Rental Market: Region wise outlook
The construction equipment rental market can be segmented by geographies as North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Middle East & Africa and Japan. Among these regions, Asia pacific is expected to dominate the construction equipment rental market over the forecast period. Developing countries like India and China are expected to offer better opportunities owing to rising population and urbanization, along with growth in the IT sector that propels demand for the construction equipment rental market over the forecast period. North America is expected to show robust progression due to increasing investments in the residential sector. European countries like Spain, Germany, Poland and France are expected to drive the construction equipment rental market. In the Middle East, countries like Saudi Arabia focus extensively on sustainable practices and promote ecofriendly construction of buildings. Rising capital investments in transportation, hospitality, infrastructure and energy, coupled with easy availability of machinery has led to a boost in the construction equipment rental market.
Construction Equipment Rental Market: players
Some examples of recognized players in the construction equipment rental market are listed below:
• Zahid Group.
• Industrial Supplies Development Co. Ltd
• JCB
• Ahern Equipment Rentals
• Caterpillar Inc.
• Gemini Equipment and Rentals (GEAR)
• Hertz Equipment
• John Deere
• KOMATSU EQUIPMENT
• Maxim Crane Works
• Neff Rental
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/13024
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint
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