The report on the Construction Equipment Rental market report includes future industry Trends, Size, Share, Past, current data and deep analysis, and forecast. This market offers a coordinated and orderly methodology for the most important aspects that have influenced the market within the past and also the forthcoming market prospects on which the organizations can rely upon before investing. It furnishes with an affordable examination of the marketplace for better decision-making and assessment to place resources into it. The report analyses the weather and an entire detailed outlook of the most players that are likely to feature to the demand within the global Construction Equipment Rental market within the upcoming years.
The market study additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the manufacturers and firms to contribute to Construction Equipment Rental market growth. A number of the foremost conspicuous measures taken by the organizations are partnerships, mergers & acquisitions, and collaborations to increase their overall reach. The key players are likewise presenting newer product varieties within the market to enhance the merchandise portfolio by embracing the new innovation and completing it in their enterprise.
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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.
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
Top Key Players of Construction Equipment Rental Market:
Herc Rentals Inc., United Rental, Aggreko, Aktio Corp and Ashtead Group
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