Construction Equipment Rental Market is expected to reach US$ 146.64 Bn. by 2029, at a CAGR of 4.2% throughout the forecast period.
Construction Equipment Rental Market Overview:
A newly released report offers an in-depth analysis of the Construction Equipment Rental Market , providing valuable insights into its market values, scope, and regional dynamics. The research, conducted by a dedicated team, delves into the market’s segmentation, key drivers, restraints, and regional perspectives.
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Construction Equipment Rental Market Report Scope:
The report comprehensively scopes the Construction Equipment Rental Market, utilizing a robust research methodology. Revenue data from major suppliers, coupled with vendor offerings, forms the foundation for market segmentation. The bottom-up technique, incorporating the income of major firms, is employed to estimate the overall market size. This extensive research aims to deliver a detailed understanding of the primary elements influencing the growth of the Construction Equipment Rental Market industry.
Construction Equipment Rental Market Research Methodology:
The surge in construction equipment sales and rental earnings can be attributed to global infrastructure plans such as China’s Belt & Road program, which is an incredible $1 trillion investment in ports, roads, and train infrastructure across more than 150 nations. Global expansion has been aided by China’s Belt and Road Program, which aims to build land and maritime corridors connecting China with other regions of Asia, Russia, and Europe. Other massive infrastructure projects in emerging nations have also contributed to this effort.
Construction Equipment Rental Market Dynamics:
The consequences of recession and economic deterioration are horizontal in the building industry. The market for renting construction equipment is influenced by an economy’s business cycles, which occur repeatedly throughout an economy’s history and are characterized by periods of high or low economic activity.
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Construction Equipment Rental Market Segmentation:
by Equipment
Earthmoving
Material Handling
Road Building & Concrete
by Product
Backhoes
Excavators
Loaders
Crawler Dozers
Cranes
Concrete Pumps
Compactors
Transit Mixers
Concrete Mixers
Others
by Application
Residential
Commercial
Industrial
by Segment
IC Engine
Hybrid Type
Construction Equipment Rental Market Key Players:
1. United Rentals, Inc.
2. Herc Holdings Inc.
3. Ashtead Group Plc
4. Aktio Corporation
5. Loxam Sas
6. Kanamoto Co., Ltd.
7. Nishio Rent All Co., Ltd.
8. H&E Equipment Services, Inc.
9. Nikken Corporation
10.Cramo Group
11.Ramirent Plc
12.Maxim Crane Works, L.P.
13.Kiloutou
14.Sarens Nv
15.Taiyokenki Rental Co., Ltd.
16.Ahern Rentals, Inc.
17.Boels Rental
18.Speedy Hire Plc
19.Mtandt Rentals Limited
20.Nesco Rentals
21.The Hertz Corporation
22.Unirent LLC
23.Caterpillar Inc.
Construction Equipment Rental Market Regional Insights:
The research includes an extensive regional analysis, blending primary and secondary research to offer a realistic perspective. Country-level analysis considers regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators. Separate market share data is presented for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, empowering analysts to conduct targeted competitive analysis.
COVID-19 Impact Analysis:
The report doesn’t shy away from addressing the impact of COVID-19 on the Construction Equipment Rental Market. A complete assessment, based on import, suppliers, and market players, unveils the pandemic’s influence and strategies to navigate the challenges.
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Construction Equipment Rental Market Key Questions Answered:
The Construction Equipment Rental Market Report answers pivotal questions, including:
- Which segment dominated the Construction Equipment Rental Market share?
- How was the competitive scenario in 2020?
- What factors fueled the Construction Equipment Rental Market growth?
- Which region held the maximum market share in 2020?
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