The availability and use of construction equipment are crucial to the construction sector, which has been a pillar of economic progress for decades. Technology developments, economic concerns, and shifting consumer preferences have all contributed to a substantial change in the construction equipment rental sector in recent years.

The global construction equipment rental market was valued at USD 93 billion in 2018 and is projected to reach USD 122 billion by 2024, growing at a cagr 4.3% from 2019 to 2024. The comprehensive report delves into an in-depth analysis of the keyword market, thoroughly evaluating its strengths, weaknesses, opportunities, and threats (SWOT). Within this detailed report byMarketsandMarkets, a close examination of the market’s advantageous aspects is presented, including a strong brand reputation, efficient distribution networks, and a highly skilled workforce. Additionally, areas for potential improvement have been identified, such as limited resources and outdated processes that could impede growth.

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On the external front, the report highlights promising opportunities stemming from emerging market trends and technological advancements, potentially paving the way for market expansion. Simultaneously, the report acknowledges threats such as heightened competition and economic downturns.

Report Highlights:

• Evaluation of the Global Construction Equipment Rental Market share for segments at the geographical levels
• Combative landscape planning the significant accustomed trends
• Market trends that include drivers, constraints, PORTER’s five forces analysis, and product and technological analysis
• Strategic counsel in key industry sectors based on market projections
• Intentional direction for newcomers
• The market foretells every segment, sub-segment, and local market that has been hinted at.
• Precise analysis of shifting competitive dynamics to stay one step ahead of rivals

Key players in the construction equipment rental market, such as United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), and Kanamoto Co. Ltd.  (Japan), among others, are considered for the study.

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The earthmoving construction equipment segment is projected to lead the market during the forecast period

Based on equipment, the construction equipment rental market is categorized into earthmoving, material handling, and road building & concrete. Among these, earthmoving construction equipment accounted for the largest share of the construction equipment rental market in 2018 due to the wide application in building & construction activities. Earthmoving equipment is high-value, requiring significant capital investments for the installation and maintenance of equipment fleets. Contractors prefer renting equipment instead of purchasing as this enables them to use the capital, which otherwise would have been invested in the purchase of equipment.

Competitive and Segmentation Analysis

With a review of effective marketing strategies, market contributions, and recent developments by top companies, the research provides a dashboard view of the past and present performance of leading organizations. The research study uses a number of approaches and analyses to give detailed and reliable information on the Market. Global Construction Equipment Rental market is segmented based on-

On the basis of equipment:

• Earthmoving
• Material Handling
• Road Building & Concrete

On the basis product:

• Backhoes
• Excavators
• Loaders
• Crawler Dozers
• Cranes
• Concrete Pumps
• Compactors
• Transit Mixers
• Concrete Mixers
• Others

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On the basis of region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

The development of different segments enables you to identify your primary application areas, the differences in your target markets, specialized pockets of growth, and marketing tactics.

Table of Contents

1 Introduction (Page No. – 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. – 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. – 27)

4 Premium Insights (Page No. – 30)
    4.1 Attractive Opportunities in the Construction Equipment Rental Market
    4.2 Construction Equipment Rental Market, By Equipment
    4.3 Construction Equipment Rental Market, By Product
    4.4 Construction Equipment Rental Market, By Region
    4.5 Asia Pacific to Lead the Growth of the Construction Equipment Rental Market During the Forecast Period

Continued…