Construction Equipment Rental

Construction Equipment Rental Market Revenue to Hit US$ 136.1 Billion by 2027: Exclusive Study by Precedence Research

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The global construction equipment rental market value is expected to reach US$ 136.1 Billion by the end of 2027, decelerating at a CAGR of 4.78% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The study provides the overall revenue of the global construction equipment rental market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global construction equipment rental market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the construction equipment rental industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Construction equipment renting provides the utmost amount of flexibility. Different rental firms usually have an extensive assortment of makes and models to select from which offers the prospect to try out equipment from diverse manufacturers. Procuring construction equipment needs heavy down payments that distract a huge amount of capital from important operating expenditures. It also invites supplementary expenditure like licensing, tax, insurance, interest on storage cost, and loan amount among others.

With the help of renting construction equipment, firm scan avoid costs accompanying with inflation and depreciation at the time of replacing it. Rental houses improve their inventories on a systematic basis, hence forward presenting access to progressive and new construction equipment. This makes it easier for the leaser to perform in accord with standards set by EPA Environment Protection Agency.

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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.

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.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global construction equipment rental market are as follows:

  • 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

Market Segmentation

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

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global construction equipment rental market. It examines trends and factors influencing demand for construction equipment rental globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for construction equipment rental across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on construction equipment rental. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

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 2020-2027 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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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