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Construction Equipment Rental Market Size, Developments Status, Trends and Leading Players Analysis, Forecast 2027

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The global Construction Equipment Rental market size is expected to surpass around US$ 136.1 billion by 2027 and the market is expected to garner growth at a CAGR of 4.78% over the forecast period 2021 to 2027.

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Growth Factors

Escalating rate of implementation construction equipment in the rental services on account of technological enrichments offered by the original equipment manufacturers is propelling the growth of global rental construction equipment market. At present, appearance of novel technologies such as digital services for equipment service tracking, automated service enhancements, and mapping features are gaining traction in the market. Escalating revenue of construction equipment rental suppliers is stimulated by foremost infrastructure projects in emergent markets and thriving in residential construction sector in the U.S. and Europe.

Market Report Scope

Report Highlights Details
Market Size USD 136.1 Billion by 2027
Growth Rate CAGR of 4.78% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Construction Equipment Rental market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Construction Equipment Rental market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Construction Equipment Rental. The study also provides the dynamics that are responsible for influencing the future status of the Construction Equipment Rental market over the forecast period.

A detailed assessment of the Construction Equipment Rental market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Construction Equipment Rental market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • Upsurge in the mining and construction activities, predominantly in the emergent economies is the key influence motivating the growth of construction equipment rental market considerably.
  • Market frontrunners are centering on intensifying their fleet size to address the growing consumer requirement for different construction equipment rental services.
  • The earthmoving machinery led the global construction equipment rental market in 2019.

Regional Snapshots

In 2019, North America dominated the global market with prevalent revenue share of over 46% and this growth is credited to existence of noticeable rental companies operating in the U.S. and Canada. Additionally, the vigorous development in the residential construction industry, plus upsurge in infrastructural sector on account of growing investment in Central and Eastern Europe are expected to stimulate the demand for construction equipment market during years to come. Moreover, high-value infrastructure projects in Britain, which comprise novel nuclear reactors, high-speed rail, road enhancements, and North America’s road infrastructure upgrading projects, are anticipated to produce a stable flow of rental incomes in construction equipment rental marketplace during nearby future.

Nations in the Middle East region such as Qatar and Saudi Arabia have an amplified demand for rental equipment including excavators and loaders owing to growth in foremost projects such as Jazan Economic City, FIFA World Cup 2022, King Abdullah Economic City, Jeddah Metro and Vision 2030 among others.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • JCB
  • Zahid Group
  • Industrial Supplies Development Co. Ltd
  • Ahern Equipment Rentals
  • John Deere
  • Caterpillar Inc.
  • Gemini Equipment and Rentals (GEAR)
  • Hertz Equipment
  • Komatsu Equipment
  • Maxim Crane Works
  • Neff Rental

Segments Covered in the Report

By Product

  • Material Handling Machinery
    • Shelves
    • Bins
    • Silos
    • Conveyors
    • Pallet trucks
    • Fork lifts
    • Frames
    • Sliding racks
    • Bulk containers
    • Platform trucks
    • Hand trucks
    • Cranes
    • Others
  • Earth Moving Machinery Concrete
    • Excavators
    • Loading shovels
    • Site dumpers
    • Dump trucks
    • Others
  • Concrete and Road Construction Machinery
    • Pavers
    • Trenchers
    • Planers
    • Rollers
    • Hot boxes
    • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

Why should you invest in this report?

If you are aiming to enter the global Construction Equipment Rental market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Construction Equipment Rental are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Construction Equipment Rental Market, By Product

7.1. Construction Equipment Rental Market, by Product Type, 2020-2027
7.1.1. Material Handling Machinery
7.1.1.1. Shelves
7.1.1.2. Bins
7.1.1.3. Silos
7.1.1.4. Conveyors
7.1.1.5. Others
7.1.1.6. Market Revenue and Forecast (2016-2027)
7.1.2. Earth Moving Machinery Concrete
7.1.2.1. Excavators
7.1.2.2. Loading shovels
7.1.2.3. Dump trucks
7.1.2.4. Others
7.1.2.5. Market Revenue and Forecast (2016-2027)
7.1.3. Concrete and Road Construction Machinery
7.1.3.1. Pavers
7.1.3.2. Trenchers
7.1.3.3. Planers
7.1.3.4. Rollers
7.1.3.5. Hot boxes
7.1.3.6. Others
7.1.3.7. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Construction Equipment Rental Market, Regional Estimates and Trend Forecast

8.1. North America
8.1.1. Market Revenue and Forecast, by Product (2016-2027)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Product (2016-2027)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Product (2016-2027)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Product (2016-2027)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Product (2016-2027)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Product (2016-2027)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Product (2016-2027)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Product (2016-2027)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Product (2016-2027)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Product (2016-2027)

Chapter 9. Company Profiles

9.1. JCB
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Zahid Group
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Industrial Supplies Development Co. Ltd
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Ahern Equipment Rentals
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. John Deere
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Caterpillar Inc.
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
9.7. Gemini Equipment and Rentals (GEAR)
9.7.1. Company Overview
9.7.2. Product Offerings
9.7.3. Financial Performance
9.7.4. Recent Initiatives
9.8. Hertz Equipment
9.8.1. Company Overview
9.8.2. Product Offerings
9.8.3. Financial Performance
9.8.4. Recent Initiatives
9.9. Komatsu Equipment
9.9.1. Company Overview
9.9.2. Product Offerings
9.9.3. Financial Performance
9.9.4. Recent Initiatives
9.10. Maxim Crane Works
9.10.1. Company Overview
9.10.2. Product Offerings
9.10.3. Financial Performance
9.10.4. Recent Initiatives
9.11. Neff Rental
9.11.1. Company Overview
9.11.2. Product Offerings
9.11.3. Financial Performance
9.11.4. Recent Initiatives

Chapter 10. Research Methodology

10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions

Chapter 11. Appendix

11.1. About Us
11.2. Glossary of Terms

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