Construction Equipment Rental Market Analysis By Types, New Technologies, Applications, New Opportunities and Forecast 2029
Anti****ted Growth in Revenue:
The Construction Equipment Rental Market is expected to reach US$ 146.64 Bn. by 2029, at a CAGR of 4.2% throughout the forecast period.
Construction Equipment Rental Market Overview:
The Construction Equipment Rental Market has demonstrated stable growth following the global financial crisis of 2007-2008. In 2022, the market reached a revenue of USD 105.52 billion and is projected to achieve USD 135.06 billion by 2029, growing at a CAGR of 4.20% during the forecast period. This growth is primarily driven by infrastructure initiatives in emerging markets and increased residential construction activities in the US and Europe.
Construction Equipment Rental Market Scope:
Global infrastructure projects, such as China's Belt & Road program, which involves substantial investments in ports, roads, and rail infrastructure across over 150 countries, have significantly boosted the demand for construction equipment rentals. In developing markets, robust residential construction activities have further contributed to revenue growth in the construction equipment rental sector. Anti****ted infrastructure developments in regions like Britain and North America are expected to sustain steady rental revenue streams throughout the forecast period.
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Construction Equipment Rental Market Segmentation:
by Equipment
Earthmoving
Material Handling
Road Building & Concrete
by Product
Backhoes
Excavators
Loaders
Crawler Dozers
Cranes
Concrete Pumps
Compactors
Transit Mixers
Concrete Mixers
Others
by Application
Residential
Commercial
Industrial
by Segment
IC Engine
Hybrid Type
Construction Equipment Rental Market Key Players:
1. United Rentals, Inc.
2. Herc Holdings Inc.
3. Ashtead Group Plc
4. Aktio Corporation
5. Loxam Sas
6. Kanamoto Co., Ltd.
7. Nishio Rent All Co., Ltd.
8. H&E Equipment Services, Inc.
9. Nikken Corporation
10.Cramo Group
11.Ramirent Plc
12.Maxim Crane Works, L.P.
13.Kiloutou
14.Sarens Nv
15.Taiyokenki Rental Co., Ltd.
16.Ahern Rentals, Inc.
17.Boels Rental
18.Speedy Hire Plc
19.Mtandt Rentals Limited
20.Nesco Rentals
21.The Hertz Corporation
22.Unirent LLC
23.Caterpillar Inc.
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Construction Equipment Rental Market Regional Insights:
The construction equipment rental market's dynamics are influenced by economic cycles, experiencing fluctuations in response to phases of expansion, recession, trough, and recovery. The industry benefits from periods of economic expansion, witnessing heightened demand and increased productivity, while economic downturns can lead to reduced construction activities and subsequent impact on rental markets.
Key questions answered in the Construction Equipment Rental Market are:
What is the expected size of the Construction Equipment Rental Market by the end of the forecast period?
Which segment within the Construction Equipment Rental Market is projected to experience the highest growth during the forecast period?
Who are the prominent players in the Seeds industry?
What are the key trends anti****ted to emerge in the Construction Equipment Rental Market during the forecast period?
What was the size of the Construction Equipment Rental Market in the past?
Which region dominated the global Construction Equipment Rental Market?
Key Offerings:
Historical Market Size and Compe****ive Landscape
Past Pricing and Price Curve by Region
Market Size, Share, and Forecast by Segment
Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Detailed Market Segmentation by Segment and Region
Compe****ive Landscape: Profiles of Key Players by Region
Compe****ive Benchmarking by Region
PESTLE and PORTER’s Analysis
Value Chain and Supply Chain Analysis
Legal Aspects of Business by Region
SWOT Analysis for Lucrative Business Opportunities
Strategic Recommendations
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