The global Construction Equipment Rental Market size is estimated to touch USD 136.5 billion by the end of 2027. The market is anticipated to expand at 4.9% CAGR from 2020 to 2027, as per the latest report by Million Insights. Factors such as increasing construction activities, especially in emerging countries are attributing to the growth of the market. In addition, increasing trend towards rental construction owing to its cost-benefits is estimated to supplement the market growth. New construction equipment is costly and incurs various costs such as maintenance cost, purchasing cost and lower repair cost. Renting equipment incur the low cost, thereby, gaining traction among end-users.
Key Players:
Herc Rentals Inc., Aktio Corp, United Rental, Ashtead Group and Aggreko
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Market Synopsis of Construction Equipment Rental Market:
Depending on the products, the market is categorized into earthmoving machinery, concrete & road construction, and material handling machinery. In 2019, earthmovers held the largest share in the market. Factors such as ease of operation and high cost incurred in procuring new excavators are driving the segment growth.
Asia Pacific offers a lucrative growth opportunity owing to the increasing construction activities in the region. China is one of the major countries that manufactures construction pieces of machinery. Europe, on account of increasing infrastructural development, is anticipated to witness significant demand over the forecast duration. On the other hand, North America was the leading shareholder in 2019. The region growth is attributed to the presence of key manufacturers and increasing infrastructural activities.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Construction Equipment Rental: Market Variables, Trends & Scope
Chapter 4 Construction Equipment Rental: Product Estimates & Trend Analysis
Chapter 5 Construction Equipment Rental: Application Estimates & Trend Analysis
Chapter 6 Construction Equipment Rental: End-use Estimates & Trend Analysis
Chapter 7 Construction Equipment Rental: Industrial End-use Estimates & Trend Analysis
Chapter 8 Construction Equipment Rental: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Construction Equipment Rental: Manufacturers Company Profiles
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