Construction Equipment Rental Market - Global Demand, Sales, Consumption and Forecasts to 2023
The global
construction equipment rental market is anticipated to witness sustainable
growth during the forecast period. The continuous increasing demand of new
infrastructure enhances the demand of construction machinery across the globe,
which in turn driving the renting equipment market. The construction equipment
industry has grown at respectable-to-healthy rates in emerging economies such
as China, India, UAE, and Brazil. Additionally, the construction equipment
rental market has a wide spectrum of equipment type and the growth of this
industry is supplementing the equipment market day-by-day. The rising demand
for eco-friendly & sustainable construction and government support, also
fuels the demand of construction equipment rental market across the globe.
However, high cost of the raw materials coupled with lack of skilled labor,
hinders the growth of the construction equipment rental market.
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Asia-Pacific
region, to see a gradual increase in the construction equipment rental market
over the forecast period
Based on
region, the global construction equipment rental market has been segmented into
North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific
region dominated the global construction equipment rental market, followed by
North America and Europe, primarily due to the high demand for infrastructure
projects, which in the process creates demand for imported building and
construction materials and services. Asia-Pacific is projected to be the most
lucrative region with construction industry investing in various projects such
as pre-engineeered buildings, prefabricated buildings and civil engineering
buildings. Also, countries of this region are the most populated across the
globe. In order to cater to the demand of infrastructure by growing population,
countries such as India, China, and South Korea are seeking a huge investment
in construction business that may lead the demand for rental construction
machinery.
Infrastructure
segment, to witness maximum growth rate in the overall construction equipment
rental market
In terms of
application, the infrastructure segment is anticipated to exhibit sustainable
growth for the next future. This is attributed to the technological
advancements in construction equipment industry, where the different types of
equipment such as excavators, loaders, backhoes plays a pivotal role in the overall
market.
Scope of the
Report
This study
provides an overview of the global construction equipment rental market,
tracking two market segments across four geographic regions. The report studies
key players, providing a five-year annual trend analysis that highlights market
size, volume and share for North America, Europe, Asia-Pacific and the rest of
the world (ROW). The report also provides a forecast, focusing on the market
opportunities for the next five years for each region. The scope of the study
segments the global construction equipment rental market by equipment type,
application, and region.
By Equipment Type
- Earthmoving
- Excavator
- Loader
- Backhoe
- Motor Grader
- Others
- Material Handling
- Crawler Crane
- Trailer-Mounted Crane
- Truck-Mounted Crane
- Concrete & Road Construction
By Application
- Residential
- Non-Residential
- Infrastructure
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
Key Players
The prominent
players in the Construction Equipment Rental Market are Ahern Rentals,
Inc., Ashtead Group, Blueline Rental LLC, Caterpillar, Inc., Cramo PLC,
Shanghai Hongxin Equipment Engineering Co., Ltd., Herc Holdings, Nesco Rentals,
Riwal, United Rentals, Inc, and many others.
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