HTF MI recently introduced Global Construction Equipment Rental Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are United Rentals, Ashtead Group, Sunbelt Rentals, Herc Rentals, Cramo, Ahern Rentals, Home Depot Rental, Loxam, JLG Industries, Caterpillar, EquipmentShare, Kanamoto Co., Ritchie Bros., Algeco Scotsman, Aggreko.
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According to HTF Market Intelligence, the Global Construction Equipment Rental market is expected to grow from 70 billion USD in 2023 to 120 billion USD by 2032, with a CAGR of 8% from 2024 to 2032. The Construction Equipment Rental market is segmented by Types (Excavators, Cranes, Backhoe Loaders, Compactors, Scaffolding), Application (Residential Construction, Commercial Construction, Infrastructure Projects) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).
Definition:
The construction equipment rental market involves the leasing of heavy machinery and equipment used in construction projects. This market includes a wide range of equipment, such as excavators, bulldozers, cranes, and loaders. Renting equipment allows construction companies to save on costs associated with purchasing and maintaining machinery. The market is driven by increased construction activity, infrastructure development, and the need for flexible financial solutions. However, high operational costs and a fluctuating demand for construction projects pose challenges.
Dominating Region:
North America
Fastest-Growing Region:
Asia-Pacific
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Construction Equipment Rental market segments by Types: Excavators, Cranes, Backhoe Loaders, Compactors, Scaffolding
Detailed analysis of Construction Equipment Rental market segments by Applications: Residential Construction, Commercial Construction, Infrastructure Projects
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Construction Equipment Rental Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Construction Equipment Rental Market:
Chapter 01 – Construction Equipment Rental Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Construction Equipment Rental Market – Pricing Analysis
Chapter 05 – Global Construction Equipment Rental Market Background or History
Chapter 06 – Global Construction Equipment Rental Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Global Construction Equipment Rental Market
Chapter 08 – Global Construction Equipment Rental Market Structure & worth Analysis
Chapter 09 – Global Construction Equipment Rental Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Construction Equipment Rental Market Research Methodology
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.
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