Huge Demand of Global Construction Equipment Rental Market during 2021-2025
New Study Reports “Construction Equipment Rental Market 2021, Global Segmentation, Demand, Growth, Trend, Opportunity Forecasts 2025” has been Added on PMR.
Report Overview
The report published on the Construction Equipment Rental Market is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2021 to 2025 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of the Construction Equipment Rental Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
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The practice of leasing heavy machinery construction equipment instead of purchasing it has proven to be beneficial for all sizes of companies across the world. This has resulted in robust growth of the construction equipment rental market. Major growth is observed in sectors such as transport, housing, energy and power, which have large scale investments.
With such high level of investments construction companies prefer to rent equipment so as to reduce their project costs. This is a cost effective approach as in doing so they face lower maintenance costs and fewer technical charges. Adding to that, transportation, operation and servicing requirements are reduced many folds. Both these factors fuel demand for the construction equipment rental market in the coming future.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Zahid Group., Industrial Supplies Development Co. Ltd, JCB, Ahern Equipment Rentals, Caterpillar Inc., Gemini Equipment and Rentals (GEAR), Hertz Equipment, John Deere, KOMATSU EQUIPMENT, Maxim Crane Works, Neff Rental and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Construction Equipment Rental.
The development of advanced machinery with ecofriendly features and low maintenance is expected to castaway conventional equipment in the forecast period. Purchasing construction equipment requires heavy down payments that divert a large amount of capital from key operating expenses. It also attracts additional expenditure such as tax, insurance, licensing, interest on loan amount and storage cost, among others.
By opting to rent construction equipment, companies evade the costs associated with depreciation and inflation while replacing it. Such problems are easily overcome by renting the construction equipment instead. Rental houses upgrade their inventories on a regular basis, hence offering access to new and advanced construction equipment; hence making it easier for the leaser to act in accordance with EPA (Environment Protection Agency) standards.
Construction Equipment Rental Market: Drivers and Restraints
Developments in the infrastructure sector, clubbed with a varied range of advanced construction equipment in rental fleets are expected to drive demand for the construction equipment rentals market.
Companies in the construction equipment rental market are skilful in identifying customers; they relocate construction equipment to different locations to monopolize on increasing demand from real estate industries in commercial and residential sectors. Strict regulations, increasing ownership cost and financial constraints are some of the key reasons fueling the construction equipment rental market.
On the other hand, fluctuating fuel prices and expenditure of picking up and delivering machinery, especially if the contractor is working in remote areas, is expected to obstruct demand in the construction equipment rental market over the forecast period.
Construction Equipment Rental Market Segmentation:
Construction Equipment Rental Market: Segmentation
The construction equipment rental market can be segmented on the basis of product type.
- Earthmoving machinery (loading shovels, excavators, site dumpers and dump trucks)
- Material handling machinery (shelves, frames, sliding racks, bulk containers, bins, silos, conveyors, pallet trucks, fork lifts, platform trucks, hand trucks, cranes, etc.)
- Concrete & road construction (trenchers, planers, pavers, rollers, hot boxes, etc.)
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Construction Equipment Rental Market Manufacturers
Construction Equipment Rental Market Distributors/Traders/Wholesalers
Construction Equipment Rental Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Construction Equipment Rental Market Report:
- The Construction Equipment Rental Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Construction Equipment Rental Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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