Global Equipment Rental Market 2017-2021

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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