Hiring or renting services of construction equipment includes offering machinery, tools and equipment such as dumpers, excavators, loaders, compressors, generators, cranes, warehouse trucks & forklifts, and trailers amongst others for specific time period to final users such as construction companies. The rising demand for project specific equipment among construction companies on a rental basis is contributing towards the growth of construction equipment rental market across the globe. Multiple construction projects with a developer increases its overall logistics cost of transferring and sharing equipment within the sites. Similarly, the variation in the size of projects also increases its operational cost, if they intend to buy different set of construction equipment for each of the projects respectively. This is accelerating the renting of construction equipment among property developers based on their projects, thereby, enabling the developer to reduce logistical delays in construction and saving overall capital cost.
In terms of revenue, global construction equipment rental market was valued at US$ 79.73 Bn in 2019 and is anticipated to reach US$ 118.45 Bn in 2030, growing at a CAGR of 4.5% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
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The report provides both, qualitative and quantitative research of global construction equipment rental market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
Some of the players operating in the global construction equipment rental market are ACCES INDUSTRIE, Aggreko, AIR AERZEN INTERNATIONAL RENTAL B.V., AKTIO Corporation, Ashtead Group plc, CNH Industrial America LLC, Herc Rentals Inc., Hitachi Construction Machinery Europe NV., KILOUTOU, SAS, LAXYO, LOXAM, Maxim Crane Works, L.P, MCE, Ramirent, Sarens n.v./s.a., Sociam Equipment Solutions Pvt. Ltd., Speedy Hire Plc, UNIC Cranes Europe, United Rentals, Inc and other market participants.
Global Construction Equipment Rental Market:
By Offering
- Equipment
- Construction Machines
- Dumpers
- Excavators
- Loaders
- Compressors
- Generators
- Drill Rigs
- Others
- Access Equipment
- Cranes and Mini Cranes
- Warehouse Trucks and forklifts
- Trailers
- Vertical Mast Lifts
- Telescopic Boom Lifts
- Scissor Lifts
- Others
- Tools
- Cleaning Equipment
- Measurement/Control Equipment
- Material Lifting Equipment
- Transporting Equipment
- Compaction Equipment
- Concrete Equipment and Concrete Treatment
- Others
- Others
- Services
- Repair and Maintenance Services
- Logistics and On-Site Services
- Operator & Safety Training Services
- Others
By Equipment Propulsion Type
- Diesel
- Electric
- Hybrid
By Rental Term
- Daily Basis
- Weekly Basis
- Monthly Basis
- Yearly Basis
By Construction Site Size
- Small and Medium Construction Site
- Large Construction Site
By Construction Type
- Residential
- Non-Residential
By Providers
- Original Equipment Manufacturers (OEMs)
- Independent Rental Companies
By Application
- Handling and Transportation
- Building & Industrial Maintenance
- Facilities Management
- Others
- By End Users
- Private Sector
- Public Sector
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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