Report Description
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:
Definition
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.
Market Drivers
The
growing construction, building and 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.
Market Restraints
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.
Opportunities
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.
Trends
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.
Segment Covered:
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 Earth-moving
q Material
Handling
q Road
Building and Concrete
q Others
By Product Type the
global Construction Equipment Rental Market has been
divided into:
q Backhoes
q Excavators
q Loaders
q Crawler
Dozers
q Cranes
q Concrete
Pumps
q Compactors
q Transit
Mixers
q Concrete
Mixers
q Others
By Application
the global Construction Equipment Rental Market has been
divided into:
q Construction
and Building
q Industrial
q Others
By End
Usage the global Construction Equipment Rental Market has been
divided into:
q Personal
q Government
q Commercial
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 Cramo
q Herc Holdings Inc.
q H&E Equipment
Services, Inc
q Kanamoto Co. Ltd.
q Kiloutou
q Loxam
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.
Report Highlights:
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.
Salient Features:
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