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Global Equipment Rental Market 2017-2021

  • Published: Dec 2017
  • Pages: 101
  • SKU: IRTNTR15459
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Technavio’s market research analysts have predicted that the equipment rental market will grow by USD 49.57 billion by 2021. This market research study identifies Atlas Copco, Caterpillar, Hertz Equipment Rental, Sunbelt Rentals, and United Rentals as the leading players in the global equipment rental market. A comprehensive analysis of this market is also presented by end-user (oil and gas industry, construction industry, mining industry, power industry, and others) and by geography (the Americas, APAC, and EMEA).

Below are some of the key findings from our equipment rental market analysis

 

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Overview of the global equipment rental market

The construction activities in developing regions such as India forms a major part of the GDP of the nation. The market potential for the equipment rental companies is expected to increase due to the entry of international infrastructure players and arrival of new construction technology in India. Technavio’s research analysis on the global equipment rental market identifies that the increase in construction activities will be one of the major factors that will have a positive impact on the growth of the market. The employment level will also increase across a wide array of skill sets due to the rising number of construction activities in India. The decreasing unemployment will positively influence the residential construction sector in the country. This will drive the demand for construction equipment, which in turn, will fuel the growth of the equipment rental market. Our market research analysts predict that this global market will register a revenue of more than USD 334 billion by 2021.

The trend for deep-sea mining is increasing due to the reduced number of mineral-rich mines on land. For instance, the oil and gas sector highly rely on deep-water extraction process to drill oil. The bottom of the ocean contains huge supplies of resources such as diamonds, gold, and cobalt. Mining robots such as the auxiliary cutter and bulk cutter are used to extract various minerals from the deep sea. In addition, the rising need for such specialized machines and equipment for deep-sea operations will positively impact the mining equipment rental companies.

Competitive landscape and key vendors

The equipment rental market is fragmented. The increased market consolidation will strengthen the competitive environment of the market. Vendors are trying to distinguish their product and service offerings through a clear and unique value proposition to remain competitive in the market.

Key vendors in this market are -

  • Atlas Copco
  • Caterpillar
  • Hertz Equipment Rental
  • Sunbelt Rentals
  • United Rentals

Other prominent vendors in the market include Aggreko, AKTIO Corporation, Ashtead Group, BlueLine Rental, Cramo, Deere & Company, Fabick CAT, Herc Rentals, Kanamoto, Loxam, Maxim Crane Works, Mustang CAT, NISHIO RENT ALL, NIKKEN CORPORATION (Mitsubishi Corporation), Sims Crane & Equipment, Stephensons Rental Services, Sunstate Equipment Company, and Titan Machinery.

 

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Segmentation by end-user and analysis of the equipment rental market

  • Oil and gas industry
  • Construction industry
  • Mining industry
  • Power industry

The oil and gas industry highly rely on rental companies as they offer a wide range of equipment such as downhole tools, drilling equipment, production tool equipment, and tubulars. The rising number of drilling projects is boosting the production process of crude oil. This in turn, will have a positive impact on the equipment rental industry trends in the oil and gas industry.

Segmentation by geography and analysis of the equipment rental market

  • Americas
  • APAC
  • EMEA

The equipment rental market is expected to witness growth in the Americas due to the increased production of oil and gas from shale reserves in countries such as the US and Canada. The preference for rental equipment is high in the Americas due to the growing expense of new equipment and machines.

 

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global equipment rental market?
  • What are the key market trends impacting the growth of the global equipment rental market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global equipment rental market?
  • What are the market opportunities and threats faced by the vendors in the global equipment rental market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global equipment rental market?

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY END-USER

  • Global equipment rental market by end-user
  • Global equipment rental market by end-user 2021
  • Global equipment rental market by end-user 2016-2021
  • Global equipment rental market by oil and gas industry
  • Global equipment rental market by construction industry
  • Global equipment rental market by mining industry
  • Global equipment rental market by power industry
  • Global equipment rental market by others

PART 07: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size & forecast
  • APAC – market size & forecast
  • EMEA – market size & forecast
  • Market opportunity

PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Rental equipment monitoring
  • Deep-sea mining
  • Impact of Industry 4.0 on construction and oil and gas industry

PART 11: VENDOR LANDSCAPE

  • Competitive landscape
  • Other prominent vendors

PART 12: KEY VENDOR ANALYSIS

  • Atlas Copco
  • Caterpillar
  • Hertz Equipment Rental
  • Sunbelt Rentals
  • United Rentals

PART 13: APPENDIX

  • 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
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