Global Construction Equipment Rental Market Size is estimated to expand rapidly in coming years, at a CAGR of 4.5 % from 2018 to 2025. In 2017, the global market valuation was USD 99.1 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The techniques of leasing out heavy machinery needed for construction, instead of purchasing them has considered to be profitable for all organizations across the globe.  This technique has resulted into increased growth of construction equipment rental market. The segment such as transport, housing, energy and power require high investments, which will be the major contributor in the growth of the construction rental equipment market.  

One of the major points driving the development of the market is the developing construction industry, particularly in emerging nations, attributable to various development openings in infrastructure, residential, and non-residential areas. The improvement of cutting edge hardware with eco-friendly highlights and low support is relied upon to castaway conventional equipment in the estimate time frame. Purchasing construction hardware requires substantial initial installments that redirect a lot of capital from key working costs. It likewise pulls in extra uses, for example, charge, protection, permitting, enthusiasm on advance sum and capacity cost, among others. By choosing to lease construction equipment, organizations dodge the expenses related to deterioration and expansion while supplanting it. Such issues are effectively overwhelmed by leasing construction hardware. Regionally, North America is expected to be the highest growing region in the global market of construction equipment rental market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global construction equipment rental market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global construction equipment rental market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Equipment Insights: On the basis of equipment, global construction equipment rental market has been segmented into earthmoving, material handling, road building & concrete. Among which earthmoving segment is projected to lead the global construction equipment rental market. This is because of wide agreeableness, versatility and simplicity of activity, combined with the surprising expense of excavators, which make rental an ideal choice.

By Product Insights: On the basis of product, global construction equipment rental market has been segmented into backhoes, excavators, loaders, crawler dozers, cranes, compactors, concrete pumps. Among which the cranes segment is expected to be the highest growing segment in the global market of construction equipment rental. Cranes are significantly leased instead of purchased, inferable from their high cost just as support costs. Various sorts of cranes are accessible in the market with various determinations and attributes. These incorporate portable cranes and fixed cranes, which are broadly utilized in the structure and development industry. Roughly 65% of the present crane equipment fleet is claimed by rental organizations working in the market.

Regional Analysis

The construction equipment rental market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

North America represented the biggest portion of the market in 2018 and is relied upon to proceed in the pattern during the estimate time frame because of the ongoing blast in non-residential development in the region, combined with supporting speculations from residential and outside financial specialists and ideal strategies. The development and financial related strength of North American construction hardware rental market are driven by variables, for example, non-private development movement, capital interests in the modern segment, fix, support, and redesign administrations, government spending and interest for development gear rental for remediation and remaking endeavors. The market in the Asia Pacific is anticipated to develop at the most elevated CAGR during the forecast period. This development is credited to the expanding building and development exercises, particularly in China, Japan, and India, combined with expanding speculations from residential and outside financial specialists in open and private divisions.

Global Construction Equipment Rental Market Size, Share Analysis by Region 2017

Global Construction Equipment Rental Market Study Objective

1. To forecast the market size of construction equipment rental market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of construction equipment rental market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of construction equipment rental market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of construction equipment rental market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the construction equipment rental market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

United Rentals Inc., United Rentals Inc., Ashtead Group Plc, Loxam, Herc Holdings Inc., Aktio Corporation, Nishio Rent All Co. Ltd., Kanamoto Co. Ltd., Nishio Rent All Co. Ltd, Nikken Corporation, and Ahern Rentals are some of the key players in the market of construction equipment rental. The broadened item portfolios and various uses are factors in charge of fortifying the places of these organizations in the construction equipment rental market. They have received different natural and inorganic development systems, for example, new item dispatches, acquisitions, and contracts, to improve their present positions in the construction equipment rental market.

Global Construction Equipment Rental Market Study Report Offer You!

The global construction equipment rental market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.