Construction Equipment Rental Market Projection by Trends, Sales, Predicted Revenue by Coming Year
Construction Equipment Rental Market Size, Share & Industry Analysis, By Equipment Type (Earthmoving Equipment, Material Handling Equipment, Concrete & Road Building Equipment, and Others), By Application (Residential, Commercial and Industrial) and Regional Forecast, 2019-2026
Global“Construction Equipment Rental Industry Share”study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.
Market Analysis and Insights: Global Construction Equipment Rental Market
Due to the COVID-19 pandemic, the global Construction Equipment Rental Market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with an Impressive CAGR during the review period. Fully considering the economic change by this health crisis, Small Size accounting for % of the Construction Equipment Rental Market in 2022, is projected to value USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to a magnificent CAGR throughout this forecast period.
The global construction equipment rental market size stood at USD 98.21 billion in 2018, is projected to reach USD 145.22 billion by 2026, exhibiting a CAGR of 5.0% during the forecast period (2019 2026).
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Construction Equipment Rental Market Regional Analysis:
Moreover, This report focuses on Construction Equipment Rental Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Top companies in the Global Construction Equipment Rental Market research report include:
- United Rentals, Inc.
- Herc Rentals, Inc.
- Nishio Rent All Co. Ltd.
- AKTIO Corporation
- Nikken Corporation
- mateco Group
- HandE Equipment Services, Inc.
- Ahern Rentals
- Other prominent key players
Rising Infrastructure Development to Accelerate Growth
The governments of numerous countries are striving to develop infrastructure plans. It is, in turn, providing the construction equipment manufacturers with multiple opportunities to upsurge their revenue. This type of equipment plays a very crucial role in the construction sector. Besides, the increasing usage of loaders, excavators, and other similar equipment would contribute to the construction equipment rental market growth during the forthcoming period.
Earthmoving Equipment Segment to Grow Considerably Fueled by Rising Number of Construction Projects
In terms of equipment type, the market is segregated into concrete and road equipment, material handling equipment, earthmoving equipment, and others. The others segment consists of civil engineering equipment. The earthmoving equipment segment held 50.1% construction equipment rental market share in 2018. This growth is attributable to the increasing number of construction projects, such as roads, buildings, and bridges. Apart from that, high demand for construction equipment and rapid industrialization are anticipated to boost the growth of this segment.
COVID-19Outbreak Impact Analysison Construction Equipment Rental Market
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.
Construction Equipment Rental Market Historical Data:
- Industry Trends:Global Revenue, Status and Outlook.
- Market segment:by types, by applications, by regions / geography.
- Competitive landscape:for producers, development trends.
- Revenue of the product for the best players:market share, growth rate, analysis of the current market situation.
- Sales revenue:market share, growth rate, current market analysis.
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Robust Economic Progress in Emerging Countries to Favor Growth in Asia Pacific
Geographically, the market is grouped into Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. North America generated USD 31.89 billion construction equipment rental market revenue in 2018. Also, Europe procured a considerable share owing to the ongoing development in around 15 countries, such as Switzerland, Netherlands, Spain, Italy, and the U.K. The expansion of fleet in these countries is likely to drive the growth of the market in this region.
Asia Pacific, on the other hand, is projected to showcase the highest growth backed by the robust economic progress of the developing countries, namely Japan, China, and India. The Middle East and Africa are anticipated to follow the footsteps of Asia Pacific and experience exponential growth stoked by increasing investment in infrastructure.
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