Latest published report by fortune business insights titled “Construction Equipment Rental Market Research Report by 2024?. This report provides an in-depth analysis of the construction equipment rental industry, providing information about its current state. It assesses and verifies critical market metrics such as CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and annual growth. This analysis, using both advanced primary and secondary research methods.

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

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Market Overview:

The global construction equipment rental market size was valued at USD 111.6 billion in 2021 and is projected to grow from USD 116.0 billion in 2022 to USD 164.6 billion by 2029, exhibiting a CAGR of 5.1% during the forecast period. Asia Pacific dominated the construction equipment market with a market share of 42.38% in 2021.

The purpose of this report is to provide market and strategic insights to help decision-makers make informed investment decisions and identify potential gaps and growth opportunities. The Construction Equipment Rental Market report provides a thorough overview of marketing strategies, allowing leading players to make informed decisions. Report provides depth analysis of construction equipment rental industry this analysis, using both advanced primary and secondary research methods, includes:

  • Company Profiles: Learn about major companies’ markets, production capacity, revenues, market shares, recent innovations, and gross profit margins.
  • Examine market dynamics: including drivers, constraints, opportunities, influencers, challenges, and trends.

Construction Equipment Rental Market Key Players:

  • 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)

Construction Equipment Rental Market Drivers:

  • Increased Infrastructure Development: Growing investments in infrastructure projects drive the demand for rented construction equipment for various types of construction activities.
  • Cost-Effective Solutions: Renting equipment offers a cost-effective alternative to purchasing, appealing to companies looking to manage expenses and avoid large capital investments.
  • Flexibility and Scalability: The need for flexibility in project management and the ability to scale equipment availability based on project requirements boost the rental market.
  • Technological Advancements: The availability of the latest technology and advanced equipment through rental services attracts companies seeking to use up-to-date machinery without long-term commitments.
  • Focus on Maintenance and Downtime Reduction: Rental services often include maintenance and support, reducing equipment downtime and ensuring efficient operation on construction sites.

Reasons to Buy This Report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the Construction Equipment Rental Market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the construction equipment rental industry. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Insights:

  • North America (By Equipment Type, By Application, By Country)
    • U.S. (By Equipment Type)
    • Canada (By Equipment Type)
  • Europe (By Equipment Type, By Application, By Country)
    • U.K. (By Equipment Type)
    • Germany (By Equipment Type)
    • France (By Equipment Type)
    • Italy (By Equipment Type)
    • Rest of Europe
  • Asia Pacific (By Equipment Type, By Application, By Country)
    • China (By Equipment Type)
    • Japan (By Equipment Type)
    • India (By Equipment Type)
    • Southeast Asia (By Equipment Type)
    • Rest of Asia Pacific
  • Middle East & Africa (By Equipment Type, By Application, By Country)
    • GCC Countries (By Equipment Type)
    • South Africa (By Equipment Type)
    • Rest of Middle East and Africa
  • Latin America (By Equipment Type, By Application, By Country)
    • Brazil (By Equipment Type)
    • Mexico (By Equipment Type)
    • Rest of Latin America

Key Industry Developments

  • 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.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Construction Equipment Rental Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Merger, Acquisitions, and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC Continued…!

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