This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the global construction equipment rental industry. The report analyzes and declares the historical and current trends analysis of the global construction equipment rental industry and subsequently recommends the projected trends anticipated to be observed in the global construction equipment rental market during the upcoming years.
The global construction equipment rental market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire global construction equipment rental market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the global construction equipment rental industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the global construction equipment rental industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the global construction equipment rental market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the global construction equipment rental industry. The global construction equipment rental market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the global construction equipment rental sector. Key strategic developments in the global construction equipment rental market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the global construction equipment rental market are appropriately highlighted in the report.
Many builders and construction companies need giant construction equipment during their project durations. Hence, they prefer using rental construction equipment for the short-term rather than investing huge piles on purchasing those giant machinery. This has led to a remarkable increase in the demand for rental construction equipment across the globe. The rental construction equipment market is witnessing major growth due to the constant establishment in transportation, oil & mining, and housing sectors.
Moreover, the increasing count of smart city projects worldwide, especially in Europe and the Asia Pacific will generate new avenues for the construction equipment rental industry. The construction equipment rental services not only slash the project costs by evading the huge investment in purchasing expensive construction equipment but also facing lower technical and maintenance charges on a rental basis. Also, with the roll-out of IoT and telematics-based advanced equipment by the rental services providers, the global demand for the construction equipment rental industry has been further grown.
The global construction equipment rental market research report delivers an acute valuation and taxonomy of the global construction equipment rental industry by practically splitting the market on the basis of different equipment, products, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the global construction equipment rental industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the global construction equipment rental industry is provided for the leading economies of the world.
The global construction equipment rental market is segmented based on the equipment, product, and region. On the basis of equipment, the global construction equipment rental industry is bifurcated into material handling, road building & concrete, and earthmoving. Product-wise, the global market is sectored into compactors, excavators, crawler dozers, concrete mixers, backhoes, concrete pumps, cranes, transit mixers, loaders, and others.
Some of the essential players operating in the global construction equipment rental market, but not restricted to include Ashtead Group Plc, Nikken Corporation, Kanamoto Co. Ltd., United Rentals Inc., Nishio Rent All Co. Ltd., Loxam, Ahern Rentals, Herc Holdings Inc., and Aktio Corporation, among others.
The taxonomy of the global construction equipment rental industry by its scope and segmentation is as follows:
Global Construction Equipment Rental Market: Equipment Segmentation Analysis
Global Construction Equipment Rental Market: Product Segmentation Analysis
Global Construction equipment rental Market: Regional Segmentation Analysis
KEY REPORT POINTERS & HIGHLIGHTS:
Table of Content
Industry Major Market Players