Construction Equipment Rental Market is expected to reach US$ 146.64 Bn. by 2029, at a CAGR of 4.2% throughout the forecast period.
Construction Equipment Rental Market Overview:
The market’s position over the anticipated period is analyzed and evaluated in the Construction Equipment Rental Market research report.This in-depth study concentrates on market share, leading segments, geographical analysis, and primary and secondary drivers. Key players, significant partnerships, mergers, and acquisitions, as well as popular innovations and business tactics, are also examined in the study.
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Construction Equipment Rental Market Report Scope & Research Methodology:
The increase in construction equipment sales and rental profits can be attributed to global infrastructure plans such as China’s Belt & Road program, which is an incredible $1 trillion investment in ports, roads, and rail infrastructure across more than 150 nations. Global growth has been aided by China’s Belt and Road Program, which aims to build land and maritime corridors connecting China with other regions of Asia, Russia, and Europe. Other massive infrastructure projects in developing nations have also contributed to this effort. Revenue from construction equipment in developing markets increased as a result of a surge in residential building.
Construction Equipment Rental Market Dynamics:
The benefits of renting construction equipment are enhanced in the current economic climate and in light of the construction industry’s cyclical nature. An increasing number of contractors, construction companies, and other businesses are looking into rental options. A lot of economists and business executives predict a downturn in the economy, which could lead to a rise in the demand for equipment rental and a move away from ownership and leasing by businesses.
Construction Equipment Rental Market Segmentation:
by Equipment
Earthmoving
Material Handling
Road Building & Concrete
by Product
Backhoes
Excavators
Loaders
Crawler Dozers
Cranes
Concrete Pumps
Compactors
Transit Mixers
Concrete Mixers
Others
by Application
Residential
Commercial
Industrial
by Segment
IC Engine
Hybrid Type
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Construction Equipment Rental Market Key Players:
1. United Rentals, Inc.
2. Herc Holdings Inc.
3. Ashtead Group Plc
4. Aktio Corporation
5. Loxam Sas
6. Kanamoto Co., Ltd.
7. Nishio Rent All Co., Ltd.
8. H&E Equipment Services, Inc.
9. Nikken Corporation
10.Cramo Group
11.Ramirent Plc
12.Maxim Crane Works, L.P.
13.Kiloutou
14.Sarens Nv
15.Taiyokenki Rental Co., Ltd.
16.Ahern Rentals, Inc.
17.Boels Rental
18.Speedy Hire Plc
19.Mtandt Rentals Limited
20.Nesco Rentals
21.The Hertz Corporation
22.Unirent LLC
23.Caterpillar Inc.
Regional Insights:
A comprehensive overview of the global Construction Equipment Rental market is provided, incorporating both qualitative and quantitative data. The report offers market size and forecast projections for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America from 2023 to 2029. The corresponding segments provide a deeper analysis of each region, emphasizing trends and opportunities.
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COVID-19 Impact Analysis:
The report delves into the post-COVID-19 development strategy, analyzing corporate strategies, landscape, types, applications, and leading countries. It provides statistical information on market dynamics, growth factors, challenges, opportunities, and forecasts, aiming to offer businesses a strategic analysis of the pandemic’s impact.
Construction Equipment Rental Market Key Questions Answered:
- What are some of the most promising high-growth opportunities in the global Construction Equipment Rental market by product type and End User and Region?
- Which Construction Equipment Rental market segments will expand the fastest, and why?
- Which regions will develop quicker, and why?
- What are the primary elements influencing Construction Equipment Rental market dynamics? What are the market drivers and challenges for the Construction Equipment Rental market?
- What are the Construction Equipment Rental market’s business risks and threats?
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