Construction Equipment Rental Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR41362
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 Construction Equipment Rental Market - 2021-2025

The construction equipment rental market size is expected to reach a value of USD 28.11 billion, at a CAGR of 5.13%, during 2021-2025. This research study helps in deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as increased investment in infrastructure are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Construction Equipment Rental Market Size

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Construction Equipment Rental Market Segments

Get actionable insights on the construction equipment rental market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by product (ECRCE and MHE) and geography (North America, Europe, APAC, MEA, and South America) in this construction equipment rental market report to pursue growth opportunities. 

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic construction equipment rental market predictions on demand changes for 2021-2025? You can buy the report now with one easy click.

Construction Equipment Rental Market Vendors and Competitive Analysis

The construction equipment rental market is fragmented and the vendors are deploying growth strategies such as distinguishing their products and service offerings through a clear and unique value proposition to gain competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The construction equipment rental market share report highlights the repercussions of the effects of the pandemic across regions and segments, and the entire value chain. To make the most of the emerging opportunities and recover from adverse COVID-19 shock, the market vendors should focus more on leveraging change in consumer behavior and growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full construction equipment rental market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Construction Equipment Rental Market Vendors

Construction Equipment Rental Market - Region Opportunities 2021-2025

North America will contribute 39% of the overall construction equipment rental market growth during the forecast period. The US is a key market for construction equipment rental in North America. To unlock exclusive information on potential business markets, economic trends and risks in geographies, and emerging prospective customers buy the report now!

Construction Equipment Rental Market Share by Geography

North America has been exhibiting significant growth rate for construction equipment rental market vendors. Factors such as the accelerated growth of the residential sector are accelerating the construction equipment rental market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The construction equipment rental market share growth in North America will be faster than the growth of the market in Europe. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Construction Equipment Rental Market Insights by Product

Construction Equipment Rental Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The construction equipment rental market share growth by the ECRCE segment will be significant during the forecast period. The earthmoving equipment rental comprises mobile and power-propelled vehicles designed to carry, dig, spread, or move materials. The increasing investments in the infrastructure industry to improve facilities in the government and private sectors are providing great growth opportunities for the vendors in the earthmoving equipment rental segment of the market. This report provides an accurate prediction of the contribution of all the segments to the growth of the construction equipment rental market size.

From the construction equipment rental market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.

Construction Equipment Rental Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding the construction equipment rental market growth is the growing secondhand machine market. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The high initial investment required to procure construction equipment and the high maintenance costs of such equipment are driving the growth of the construction equipment rental market, and this trend is expected to continue during the forecast period. Material-handling equipment needs constant technical support and maintenance for efficient operation. The maintenance cost of industrial trucks such as pallet trucks and forklifts is high in the manufacturing and construction industries as they are regularly exposed to harsh conditions, which accelerate wear and tear and cause severe damage. The need for skilled personnel to operate, repair, and maintain forklifts further increases the cost of maintenance and operations. Renting construction equipment eliminates high initial investments. Also, the maintenance costs are minimal in comparison with owning the equipment. In most cases, the rental company maintains the equipment.

The popularity of automated guided vehicles (AGVs) is increasing due to the adaptability of this technology, which is one of the critical construction equipment rental market trends. AGVs determine the best possible route for the efficient movement of goods. AGVs use high-efficiency, permanent batteries that do not require regular charging. Initially, the first AGVs were guided manually until computer-aided design (CAD) systems were introduced to guide these vehicles for the selection and optimization of the best route for a load of goods that needs to be delivered or collected.

This construction equipment rental market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Construction Equipment Rental Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive construction equipment rental market growth during the next five years
  • Precise estimation of the construction equipment rental market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the construction equipment rental market across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of construction equipment rental market vendors

Buy the Construction Equipment Rental Market report now to reimage your business strategies!

 

Construction Equipment Rental Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 28.11 billion

Market structure

Fragmented

YoY growth (%)

4.90

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 39%

Key consumer countries

US, UK, China, Japan, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Caterpillar Inc., Cramo Plc, Herc Rentals Inc., Jungheinrich AG, KION GROUP AG, Komatsu Ltd., Loxam, Sarens NV, Toyota Industries Corp., and United Rentals Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • ECRCE - Market size and forecast 2020-2025
    • MHE - Market size and forecast 2020-2025
    • Market opportunity by Product

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Caterpillar Inc.
    • Cramo Plc
    • Herc Rentals Inc.
    • Jungheinrich AG
    • KION GROUP AG
    • Komatsu Ltd.
    • Loxam
    • Sarens NV
    • Toyota Industries Corp.
    • United Rentals Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The construction equipment rental market growth will increase by $28.86 billion during 2019-2024.
    The construction equipment rental market is expected to grow at a CAGR of 5.12% during 2019-2024.
    Technavio has segmented the construction equipment rental market by product (ECRCE and MHE) and geographic (North America, Europe, APAC, and South America).
    Caterpillar Inc., Cramo Plc, HERC HOLDINGS INC., Jungheinrich AG, KION GROUP AG, Komatsu Ltd., LOXAM SAS, Sarens Bestuur NV, Toyota Industries Corp., United Rentals Inc. are a few of the key vendors in the construction equipment rental market.
    North America will register the highest growth rate of 42.14% among the other regions. Therefore, the construction equipment rental market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the construction equipment rental market growth are:
    • Increased investment in infrastructure
    • Increasing focus on AGVs
    The construction equipment rental market vendors should focus on grabbing business opportunities from the ecrce segment as it accounted for the largest market share in the base year.
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