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2019-06-18
290
Global
The trend of leasing construction equipment instead of purchasing it has recognized to be beneficial for all sizes of companies across the globe. Further, growing construction activities majorly in developing countries has resulted in robust growth of the construction equipment rental market. Major growth is observed in sectors such as transportation construction industry, energy, and power, which have large-scale investments. With such high massive capital investments construction companies prefer to rent equipment so as to reduce their project costs. This cost-effective method also eliminates the maintenance troubles as many companies provides equipments with maintenance services or with very minimal charges. Additionally, operation, transportation servicing requirements are reduced many folds. These are the major factors that are most likely to fuel the demand for the construction equipment rental market in the coming years.
By Equipment Type
By Services Type
By Geography
Based on types of equipment type, earthmoving machinery acquired the lion share of more than 52% construction equipment rental market. Further, growing construction projects in Middles East and Asia region coupled with the partnership of construction companies with equipment manufacturers the market is likely to grow at significant pace over the forecast period.
Based on geography, Asia Pacific region dominated the global construction equipment rental market with about 28% market share with China as the growth engine for the construction equipment rental market in the region. On the other hand, Middle East is the fastest growing region as the major demand is generating from GCC countries with new infrastructure projects and the regional market value is expected to increase at a CAGR of +12% during the forecast period.
Goldstein Research analyst forecast global construction equipment rental market is likely to thrive with the emergence of new technologies and new construction projects. Further, the construction equipment rental market is expected to expand at a CAGR of +5.2% over the forecast period and the major growth regions are likely to be the Middle East and Asia Pacific.
The report covers the present ground scenario and the future growth prospects of the Construction Equipment Rental industry for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Global Construction Equipment Rental market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
Global Construction Equipment Rental Market Analysis has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Construction Equipment Rental market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Construction Equipment Rental Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Our Global Construction Equipment Rental Market Report comprises of the following companies as the key players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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