A recent market intelligence report that is published by Data Insights Partner on the global Construction Equipment Rental Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Construction Equipment Rental Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Construction Equipment Rental Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of Construction Equipment Rental Market is offered. In accordance with the report, the global Construction Equipment Rental Market is projected to expand by healthy CAGR of 4.2% over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Construction Equipment Rental is, by definition, renting construction related equipment for a particular period of time on contract basis. It is very popular now-a-days because there is no need for huge capital investments and depreciation cost, the rentals of equipment care project specific. As the construction sector is very fluctuating, renting equipment instead of buying also helps construction companies to partly shield them from recessions. Beside the small and medium scale companies, some large scale companies are also showing interests in renting equipments.
The growing construction, building and
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industrial sectors are main driver behind the rapid growth of Construction Equipment Rental Market. The rising need of Equipment Rentals to save capital investment and time in buying new equipment and the manual labor needed in finding the right equipment, lessen the depreciation cost is driving the growth rate of Construction Equipment Rental Market to rise up high.
Beside this, the rapid urbanization, growing population, rising per capita income and growing number of Construction Equipment Rental companies are also some of the key players behind the rapid growth of the Construction Equipment Rental Market.
Aside from these, the rising foreign investments in the Construction Equipment Rental sector are also adding fuel to this increasing market growth.
The regular introduction of different and brand-new types of Construction Equipment Rental with better technologies, qualities and durability in different price range to satisfy the varying tastes of the customers is also attracting new consumers and thus helping the growth rate of Construction Equipment Rental Market to rise high. The convenience and efficiency of Construction Equipment Rental is also helping in the expansion of the said market.
The Construction Equipment Rental Market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–
High prices of the raw materials, high installation, maintenance and repairing costs, high cost of R&D activities and high transportation and import costs resulting into high costs of the premium quality end products.
Unavailability of many products during the busy season.
Lack of awareness about the availability and benefits of the Construction Equipment Rental in the developing countries.
Convenience of having own equipment for big construction companies.
The Construction Equipment Rental Sector is expected have huge opportunities as the governmentally subsidized and funded construction sector is expanding rapidly. The residential and commercial usage of these tools is also making large opportunities for the expansion of these sector.
During the forecast period, Asia Pacific followed by North America are expected to have the largest share of Construction Equipment Rental Market. The demand for these products in these regions is driven by its expanding construction and industrial sectors. Growing population and rising disposable income among individuals are also helping the growth. It is also believed that on the basis of product type, the cranes segment will face the highest growth rate for its relatively high demand by contractors for construction and building purposes, efficiency and convenience.
This market intelligence report on the global Construction Equipment Rental Market encompasses market segments based on equipment type, product type, application, end usage, distributional channel and country.
By Equipment Type the global Construction Equipment Rental Market has been divided into:
q Material Handling
q Road Building and Concrete
By Product Type the global Construction Equipment Rental Market has been divided into:
q Crawler Dozers
q Concrete Pumps
q Transit Mixers
q Concrete Mixers
By Application the global Construction Equipment Rental Market has been divided into:
q Construction and Building
By End Usage the global Construction Equipment Rental Market has been divided into:
By country/region, the global Construction Equipment Rental Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Ahern Rentals
q Aktio Corporation
q Ashtead Group Plc
q Boels Rentals
q Herc Holdings Inc.
q H&E Equipment Services, Inc
q Kanamoto Co. Ltd.
q Maxim Crane Works, L.P.
q Nikken Corporation
q Nishio Rent All Co. Ltd
q Ramirent Plc
q Sarens NV
q Speedy Hire Plc
q Taiyokenki Rental Co., Ltd.
q United Rentals Inc.
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Construction Equipment Rental related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Ashtead Group Plc
Headquartered in UK, the Ashtead Group has acquired the business and assets of the Above and Beyond of Fairfield County, Inc. (A&B) and Above and Beyond Equipment Rentals, LLC in March, 2018.
United Rentals Inc.
The North American Company United Rentals has acquired the Canadian equipment rental company WesternOne Rentals & Sales LP in October, 2018 in order to expand their business in the Western Canada.
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Ø This study offers comprehensive yet detailed analysis of the Construction Equipment Rental Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Construction Equipment Rental Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of different type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Construction Equipment Rental caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Construction Equipment Rental Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Construction Equipment Rental Market
v Identification of key factors driving investment opportunities in the Construction Equipment Rental Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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