The construction equipment rental market is projected to reach value of USD 135.7 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market is attributable to availability of numerous rental options a firm can have to fill the void during outages and give required flexible options that supports logistics and finance.
Furthermore, application of Porters Five Forces Analysis to determine the status of various aspects such as the capability of both the suppliers and customers, threats posed by different substitutes, the intensity of competition and promising new vendors makes the study a valuable resource. The researchers behind the market intelligence report examine the weaknesses, strengths, opportunities, and restraints expected to shape the progress of the Construction Equipment Rental market for the forecast period, 2020 to 2027. The market intelligence report includes detailed statistics on market segmentation based on product value, application, classification, and sale.
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Further Key Findings from the Report Suggest:
In March 2019, Cooper Equipment Rentals announced the purchase of Prime Rentals, an equipment rental company located in Canada. This investment helped the acquirer to expand its business in South Alberta.
In 2019, Siddha Group initiated the use of new construction technologies such as Precast, PEB, and Drywall in its works to secure a better output
The market in Asia Pacific is expected to expand at the highest CAGR of 4.5% from 2020 to 2027. The region is likely to continue its dominance in the global construction equipment rental market in terms of both usage and manufacturing throughout the forecast period. This region has witnessed growth in the number of metro projects, highways, airports, hydroelectric projects, and dams as well as heavy industrial activities over the last few years.
Key players operating in the market are Loxam Group, United Rentals, Inc., Mtandt Rentals Limited, Cramo PLC., Nesco Rentals, The Hertz Corporation, Boels Rentals, Unirent LLC, Caterpillar Inc., and Ahern Rentals, Inc.
Equipment Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
Earthmoving
Material Handling
Road Building
Concrete
Product Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
Excavators
Cranes
Backhoes
Crawler Dozers
Concrete Pumps
Application Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
Real Estate
Commercial Estate
Transport Power & Energy Infrastructure
Others
The global Construction Equipment Rental market is classified on a product basis, application and end-user. Based on product, the market is segmented as systems, and services & software. Considering application the market is classified as cardiology, oncology, neurology, and others. The market on the basis of the end-user is classified as hospitals, ambulatory surgical centers, and diagnostic centers.
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
You Can Download Free Sample PDF Copy of Construction Equipment Rental Market at https://www.emergenresearch.com/request-sample/476
Market Competitiveness:
Owing to the huge demand for the Construction Equipment Rental product, key players operating in the market relish on economies of scale. Due to a large number of partnerships and collaborations, the demand for the Construction Equipment Rental product has risen at a considerable rate. However, the new entrants in the market are in an effort to increase their partnerships with the OEMs, which will result in an increased market share over the coming years. On the other hand, companies are also investing heavily in interoperability, which is expected to intensify the market competition during the forecast period.
Here are the questions we answer…
What are the future opportunities in store for the vendors operating in the Construction Equipment Rental market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Construction Equipment Rental market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Construction Equipment Rental market growth worldwide?
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Table of Content
Chapter 1. Construction Equipment Rental Market Methodology & Sources
1.1. Construction Equipment Rental Market Definition
1.2. Construction Equipment Rental Market Research Scope
1.3. Construction Equipment Rental Market Methodology
1.4. Construction Equipment Rental Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Construction Equipment Rental Market Key Insights
Chapter 4. Construction Equipment Rental Market Segmentation & Impact Analysis
Chapter 5. Construction Equipment Rental Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Construction Equipment Rental Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Construction Equipment Rental Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Construction Equipment Rental Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Construction Equipment Rental Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
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