Construction Equipment Rental Market Trend

In 2023 Construction Equipment Rental Market Share is reached to USD 120.86 billion and global market is projected to reach USD 200.85 billion by 2032 and exhibiting a CAGR of 6% during the forecast period.

The Construction Equipment Rental Market is booming as companies prefer flexible, cost-effective solutions over ownership. The adoption of IoT-enabled fleet management, telematics, and electric rental equipment is enhancing efficiency.

This report provides a comprehensive analysis of the Construction Equipment Rental Market, including market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.

Some major companies are leadinng in the Construction Equipment Rental industry such as; United Rentals, Inc. (U.S.), Loxam (France), Sunbelt (U.S.), Taiyokenki Rental Co., Ltd. (Japan), AKTIO Corporation (Japan), Herc Rentals Inc. (U.S.), Ahern Rentals. (U.S.), H&E Equipment Services, Inc. (U.S.), Nikken Corporation (Japan), Nishio Rent All Co. Ltd. (Japan)

The report highlights the segmentation, regional expansion, revenue trends, production, and consumption growth of the Construction Equipment Rental Market. It provides insights into the market size, growth trends, industry dynamics, and future forecasts, outlining key factors shaping the business landscape. Additionally, the study covers upcoming products, joint ventures, strategic developments, mergers and acquisitions, marketing initiatives, revenue generation, trade activities (import/export), CAGR values, and overall industry performance, along with an analysis of competitive challenges within the market.

Overview and Scope of the Report

This report focuses on the global Construction Equipment Rental market, with particular emphasis on North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It categorizes the market based on manufacturers, regions, types, and applications, offering a comprehensive analysis of the current market landscape. The study includes historical data and future projections of market size in terms of value and volume. Additionally, it examines technological advancements and evaluates macroeconomic and regulatory factors shaping market dynamics.

Construction Equipment Rental Market Size, Share & Industry Analysis, By Equipment Type (Earthmoving Equipment, Material Handling Equipment, Concrete & Road Building Equipment, and Others), By Application (Residential, Commercial, and Industrial), and Regional Forecast, 2022-2029

Recent Industry developments of the market

  • Herc Holdings Inc. acquired Rapid Equipment Rental Limited, a Toronto-based rental company.
  • H&E Equipment Services Inc., announced the relocation of its Georgetown branch to a Texas-based expanded unit.
  • General Finance Corp. and United Rentals inked a definitive agreement for the former’s acquisition by United Rentals. The deal involved a transaction value of USD 996 million.
  • Boels took over Cramo PLC to increase its customer base. The move was aimed at becoming one of the major players in the rental market in Europe.
  • Sunbelt Rentals announced its partnership with Britishvolt, to support the development of Britishvolt’s first full-scale Cambois-based battery Gigaplant. This long-term deal will also see the companies work closely together to favor the development of battery solutions for power plants and heavy equipment to help decarbonize the construction and equipment rental sector.

Why Should You Obtain This Report?

? Statistical Advantage: Access essential historical data and market projections for the Construction Equipment Rental Market, equipping you with key statistics to drive informed decision-making.

? Competitive Landscape Mapping: Explore and evaluate the positions of key market players, offering a comprehensive view of the competitive landscape.

? Insight into Demand Dynamics: Gain in-depth knowledge of demand patterns, revealing market consumption trends and potential growth opportunities.

? Identification of Market Opportunities: Accurately assess market potential, empowering stakeholders to make well-informed strategic decisions.

Purchasing this report provides access to the latest and most reliable data, enhancing your market strategies and ensuring a well-informed position in the dynamic Machinery & Equipment industry. Each report is carefully crafted to deliver essential insights, empowering clients with the critical intelligence needed to thrive in this evolving market.

Regional insights

  • North America: USA, Canada, Mexico, etc.
  • Asia-Pacific: China, Japan, Korea, India, and Southeast Asia
  • The Middle East and Africa: Saudi Arabia, the UAE, Egypt, Turkey, Nigeria, and South Africa
  • Europe: Germany, France, the UK, Russia, and Italy
  • South America: Brazil, Argentina, Columbia, etc.

Detailed TOC

  • Introduction
    • Scope of research
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market drivers
    • Market restrictions
    • Market Opportunities
  • Key Insights
    • Major Industry Developments – Mergers, Acquisitions and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC continues…!

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