Construction Equipment Rental Market: Increasing Adoption of Rental Equipment in Various Industries to Bolster the Market Growth during the forecast period.

According to the report, the global Construction Equipment Rental market is expected to grow from USD 12.1 Billion in 2022, which is expected to reach USD 16.5 Billion by 2033, growing at a CAGR of 5.5% from 2023 to 2033. The construction equipment rental market refers to the rental of construction equipment, including earthmoving machinery, material handling equipment, and construction vehicles, to construction companies and contractors. Construction equipment rental is a cost-effective alternative to purchasing equipment, and it allows companies to access the latest equipment without incurring the high costs of ownership.The demand for construction equipment rental is driven by various factors, including the increasing demand for construction activities in various industries, such as infrastructure, commercial, and residential construction. Construction equipment rental is also popular among small and medium-sized construction companies that cannot afford to purchase their own equipment.

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Key Highlights:

• The global Construction Equipment Rental Market size was valued at USD 1 Billion in 2022 growing at a CAGR of 5.5% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Construction Equipment Rental Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Construction Equipment Rental market report also includes the following data points:

• COVID19 Impact on Construction Equipment Rental market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Construction Equipment Rental market

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Key Players

Some of the major Construction Equipment Rental players holding high market share include Maxim Crane Works, MTANDT RENTALS LIMITED, Boels Rentals, Sarens NV, H&E Equipment Services Inc. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Maxim Crane Works
• MTANDT RENTALS LIMITED
• Boels Rentals
• Sarens NV
• H&E Equipment Services Inc.
• Kanamoto Co. Ltd.
• Herc Rentals Inc.
• NESCO HOLDINGS
• (NESCO SPECIALTY RENTALS)
• Ramirent ab
• United Rentals, Inc.

Segmental Analysis

Market Segment By Equipment Type with focus on market share, consumption trend, and growth rate of Construction Equipment Rental Market:

• Earthmoving Equipment
• Material Handling Equipment
• Concrete & Road Building Equipment
• Others

Market Segment By Application with focus on market share, consumption trend, and growth rate of Construction Equipment Rental Market:

• Residential
• Commercial
• Industrial

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Global Construction Equipment Rental Geographic Coverage:

• North America
  • US
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific

• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

About EvolveBI
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