Press release
Construction Equipment Rental Set to Reach $166.07 Billion by 2035 at 4.74% CAGR
Get a Sample PDF Brochure of the Report @ https://www.marketresearchfuture.com/sample_request/7504
Key Market Trends
Demand for Specialized Equipment: There is a growing trend towards the rental of specialized machinery tailored to specific construction tasks, reflecting the increasing complexity of construction projects.
Sustainability Focus: Environmental considerations are influencing rental decisions, with companies seeking greener options to minimize their carbon footprint.
Technological Integration: The adoption of advanced technologies, such as telematics and data analytics, is enhancing operational efficiency and equipment management in the rental sector.
Infrastructure Investments: Rising investments in infrastructure projects are driving demand for rental equipment, particularly in residential and commercial sectors.
Major Players
Key players in the Construction Equipment Rental Market include:
United Rentals (US)
Sunbelt Rentals (US)
Herc Rentals (US)
Ahern Rentals (US)
Loxam (FR)
Cramo (FI)
Riwal (NL)
These companies are focusing on expanding their fleets and enhancing service offerings to meet the growing demand.
Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7504
Market Drivers
1. Cost Efficiency
The shift towards renting equipment rather than purchasing it is primarily driven by the need for cost efficiency. Renting can reduce operational costs by up to 30%, allowing construction firms to allocate resources more effectively.
2. Sustainability Initiatives
As environmental regulations tighten, construction firms are increasingly adopting rental solutions to reduce their carbon footprint. Rental companies are also investing in eco-friendly equipment options, such as electric and hybrid machines.
3. Infrastructure Development
Significant investments in infrastructure projects are propelling the market. Governments and private entities are allocating substantial budgets for the development of roads, bridges, and public facilities, driving demand for rental equipment.
4. Urbanization and Population Growth
Rapid urbanization is increasing the demand for residential, commercial, and infrastructure development, necessitating the use of various construction equipment, which often leads to increased reliance on rental services.
5. Technological Advancements
Technological innovations are enhancing equipment efficiency and management. The integration of telematics and automated systems allows for better monitoring of equipment usage and maintenance needs, improving productivity.
Market Segment Insights
By Equipment Type
Excavators: Dominant segment due to their versatility in various construction tasks.
Forklifts: Fastest-growing segment, essential for warehousing and materials handling.
By End Use Industry
Residential: Largest segment driven by ongoing housing developments.
Infrastructure: Fastest-growing segment due to government initiatives for public works.
By Rental Duration
Short-term Rentals: Dominant due to flexibility and cost-effectiveness.
Long-term Rentals: Emerging as a viable option for larger projects.
By Customer Type
Contractors: Largest customer segment, utilizing rented equipment for diverse projects.
Individuals: Fastest-growing segment due to the rise in DIY projects and home renovations.
Read More @ https://www.marketresearchfuture.com/reports/construction-equipment-rental-market-7504
Regional Insights
North America
The largest market, holding approximately 45% of the global share, driven by increasing infrastructure projects and a shift towards rental services.
Europe
Accounts for about 30% of the global share, with growth fueled by renewable energy and infrastructure projects.
Asia-Pacific
Emerging as a significant player, holding around 20% of the global market share, driven by rapid urbanization and government initiatives.
Middle East and Africa
Gradually developing, currently holding about 5% of the global share, with growth driven by significant investments in infrastructure.
Future Outlook
The Construction Equipment Rental Market is projected to continue its growth trajectory, driven by urbanization, infrastructure development, and technological advancements. New opportunities lie in the integration of IoT for real-time equipment tracking and the expansion of eco-friendly equipment rental options.
Explore More Reports:
Construction And Demolition Market https://www.marketresearchfuture.com/reports/construction-demolition-market-12597
Construction Estimate Software Market https://www.marketresearchfuture.com/reports/construction-estimate-software-market-12637
Construction Materials Testing Equipment Market https://www.marketresearchfuture.com/reports/construction-materials-testing-equipment-market-12596
Construction Tape Market https://www.marketresearchfuture.com/reports/construction-tape-market-12276
Construction Worker Safety Market https://www.marketresearchfuture.com/reports/construction-worker-safety-market-12645
Cross Laminated Timber Market https://www.marketresearchfuture.com/reports/cross-laminated-timber-market-7962
Crusher Market https://www.marketresearchfuture.com/reports/crushers-market-7967
Digitally Printed Wallpaper Market https://www.marketresearchfuture.com/reports/digitally-printed-wallpaper-market-7250
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Construction Equipment Rental Set to Reach $166.07 Billion by 2035 at 4.74% CAGR here
News-ID: 4304565 • Views: …
More Releases from Market Research Future
Industrial Fasteners Market Growth Analysis: From USD 87.57 Billion in 2024 to U …
The Industrial Fasteners Market is poised for significant growth, driven by advancements in technology, increasing demand across various sectors, and a growing emphasis on sustainability. According to recent market research, the market size was estimated at $87.57 billion in 2024 and is projected to reach $142.15 billion by 2035, with a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2025 to 2035.
Get a Sample PDF Brochure…
Residential Real Estate Market Outlook: USD 290.72 Billion (2024) to USD 3,445.0 …
The residential real estate market remains one of the most vital pillars of the global economy, directly influencing household wealth, urban development, and macroeconomic stability. As populations grow, cities expand, and lifestyles evolve in the wake of remote work and sustainability demands, the sector is undergoing profound transformation. According to the latest analysis by Market Research Future, the global residential real estate market is on the cusp of explosive growth,…
Folding Furniture Market to Grow from USD 11,713.50 Million in 2024 to USD 19,97 …
The folding furniture market is experiencing significant growth, driven by the increasing demand for space-saving solutions in both residential and commercial settings. As urban living spaces become smaller and more compact, the need for versatile and functional furniture has never been greater. According to a recent report by Market Research Future, the global folding furniture market was valued at approximately USD 11,713.50 million in 2024 and is projected to reach…
Health Supplements Market Outlook: Sustained 9.1% CAGR Growth Expected Through 2 …
The global health supplements market is large and expanding rapidly as consumers focus more on preventive health, immunity and performance. Industry estimates place the market in the low hundreds of billions (USD) with projected mid-to-high single-digit CAGRs through the late 2020s. Key growth drivers include ageing populations, rising chronic disease awareness, expansion in emerging markets (China, India, Southeast Asia), and the growth of e-commerce and direct-to-consumer channels.
As per MRFR analysis,…
More Releases for Rental
Construction Equipment Rental (Ez Equipment Rental)
Whatever Your Project Needs, We Have The Solution
We understand purchasing heavy equipment isn't always the best option for a business, especially if you only need a machine temporarily.
EZ Equipment Rental LLC services industrial businesses with the equipment they need to operate, as well as homeowners and handymen tackling residential projects. Our inventory is stocked with bucket trucks, concrete equipment, generators, lighting, pumps, saws, jumping jacks, air compressors, pressure washers, earthmoving…
Machinery Rental Market Growth Drivers, and Competitive Landscape |United Rental …
The Machinery Rental Market Trends Overview 2024-2031:
A new Report by Worldwide Market Reports, titled "Machinery Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Machinery Rental market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures, tables, and charts, as well as…
Floorcare Equipment Rental Market Size in 2023 To 2029 | Hejny Rental, Herc Rent …
Floorcare Equipment Rental market report includes market-driving factors, major obstacles, and restraining factors impeding market growth. The report assists existing rental providers and start-ups in developing strategies to combat challenges and capitalize on lucrative opportunities to gain a foothold in the global market. Moreover, the report provides thorough information about prime end-users and annual forecast during an estimated period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7629985
Descriptive company…
Future Growth: Equipment Rental Platform Market Sees Promising Growth in 2022 Un …
Global Equipment Rental Platform Market Research Report provides a key analysis of the market status of the Equipment Rental Platform with the best facts and figures, meaning, definition, SWOT analysis, expert opinions, and the latest developments across the globe. The report also calculates the market size, Sales, Price, Revenue, Gross Margin, Market Share, cost structure, and growth rate. The report considers the revenue generated from the sales of This Report…
Machinery Rental Market Growing Demand, Industry Growth And Scope with Outlook 2 …
Worldwide Market Reports provide important in-depth insights for the Machinery Rental Market In its recently released study. It includes global industry analysis, size, share, growth, trends, and forecast for 2022-2029. The market study for Machinery Rental has been created after careful consideration of the current trends in the industry. It provides a clear, fact-filled overview of the market definition. The research focuses on the market size for Machinery Rental, latest…
Forklift Rental Market 2019 by Top Vendor Analysis-Kanoo Machinery, Peax Equipme …
The report Forklift Rental Market 2019 Research highlights key dynamics of Global Forklift Rental Industry sector.
The report explicit the complete details covering product definition, product type, and application. The report covers helpful subtleties which are sorted dependent on generation region, major players, and item type which will give a simplified view on the business. The market report shows the competitive scenario of the major market players dependent…
