Full-Service Long-Term Earthmoving Equipment Rental Market in Europe 2018-2022

This industry research report also presents a competitive analysis of the full service long term earthmoving equipment rental market in Europe by product type (forklifts and telehandlers, cranes, hoists, and others) and by end-user (industrial, construction, and agriculture). This report also presents a geographical analysis based on Germany, France, Italy, Spain, and Benelux.

Overview of the full-service long-term earthmoving equipment rental market in Europe

Over the years, Europe is witnessing significant growth and is the among the top exporters of several products and commodities. The region has seen an increase in GDP, due to the rapidly rising retail sales and declining unemployment rate. Technavio’s market study identifies the signs of improving economy to be one of the primary growth factors for the full-service long-term earthmoving equipment rental market in Europe. The improved services offered and manufacturing Purchasing Managers’ Index (PMI), with Germany, France, Italy, and the Netherlands, supported the growth of Europe’s economy significantly.  While Germany and France witnessed unchanged PMIs, Italy and Spain witnessed significant increase in their PMIs. Our market analysts estimate that the market will earn a revenue of more than USD 3.8 billion by 2022.

The adoption of telematics in construction industry will drive the growth of the heavy equipment rental market in Europe. Severe recession in Europe pressured the construction industry to steadily adopt advanced technology such as telematics. Telematics consists of remote communications and informatics used for fleet tracking or managing assets. This technological segment consists of on-road and off-road telematics, that reports data efficiently and updates the information pertaining to the human resources. This technology is useful in encouraging the correctness of the resource in the right place and at right time, while focusing on their safety.

Companies covered

The full-service long-term earthmoving equipment rental market in Europe is fragmented owing to the presence of several international and regional players. This market research report provides detailed information about the companies offering a wide product portfolios and also presents an analysis of the market’s competitive landscape. Moreover, the report also recommend key areas the companies should focus on and the strategies they have to adopt to sustain the competition in the heavy equipment rental market in Europe. 

Our market research analysts offers an analysis of the companies in this market including – 

• Caterpillar
• Cramo
• HKL
• J C Bamford Excavators
• Loxam
• Ramirent

Segmentation by product and analysis of the full-service long-term earthmoving equipment rental market in Europe

• Forklifts and telehandlers
• Cranes
• Hoists

Th forklifts and telehandlers product segment accounted for major shares of the heavy equipment rental market in Europe throughout the forecast period. The high demand by primary end-user segments such as industrial and construction will drive the growth of this industry segment in the full-service long-term earthmoving equipment rental market in Europe.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the full-service long-term earthmoving equipment rental market in Europe?
• What are the key market trends impacting the growth of the full-service long-term earthmoving equipment rental market in Europe?
• What are the challenges to market growth?
• Who are the key vendors in the full-service long-term earthmoving equipment rental market in Europe?
• What are the market opportunities and threats faced by the vendors in the full-service long-term earthmoving equipment rental market in Europe?
• Trending factors influencing the market shares of Europe.
• What are the key outcomes of the five forces analysis of the full-service long-term earthmoving equipment rental market in Europe?

Technavio also offers customization on reports based on specific client requirement.