Construction Equipment Rental Market Research Report 2019 - 2024

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Construction Equipment Rental Market Research
Report to 2024 by Application Regional Outlook
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• Construction Equipment Rental Market Scenario

• Increasing residential commercial construction
  projects globally are anticipated to drive the
  construction equipment rental market. Improving
  standards of living and increasing disposable
  income of people across the emerging economies
  have led to increased investments in malls
  amusement parks, generating demand for the rental
  industry.
• Rising reconstruction activities in the U.S.
  followed by the aging infrastructures are
  propelling the need to replace it with sturdy
  structures is propelling the growth of around
  3.5 CAGR in the U.S. construction equipment
  rental market growth. The demand for modernized
  structures has paved way for smart buildings
  smart cities, compelling various regional
  governments to heavily invest in the
  infrastructure development.
• Global financial crisis and economic fluctuations
  are the key factors hampering the construction
  equipment rental market growth. Lack of skilled
  workforce to operate the machines coupled with
  the fluctuations in fuel price is expected to
  have a negative impact on the industry. Rental
  companies incur increased maintenance costs owing
  to the aging rental fleets, limiting the industry
  demand.

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• Large construction projects by various regional
  governments, such as Al Maktoum Airport in Dubai,
  South-to-North Water Transfer Project in China,
  Crossrail Project in the UK, and Rashtriya
  Rajmarg Zila Sanjoyokta Pariyojna in India, are
  expected to contribute to the construction
  equipment rental market growth. Owning heavy
  construction equipment leads to increased
  maintenance and ownership expenses. Businesses
  that have budgetary constraints prefer renting
  equipment since it helps them to reduce the
  overall project expenditure.
• In addition, renting equipment saves the hassle
  of transporting machinery to project sites. It
  also provides the flexibility of renting
  customized equipment for the suitable
  construction projects under consideration.
  Renting equipment cushions the company from
  unpredictable financial downturns in the
  industry. To reduce the overall project expenses,
  renting is considered as a profitable approach,
  contributing to the construction equipment rental
  market growth.
• The earthmoving road building equipment segment
  dominated the construction equipment rental
  market with a revenue share of over 65 in 2017
  is continue grow due to the increasing
  large-scale construction projects globally.

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• Regional Analysis

• Europe construction equipment rental market is
  expected to grow at a CAGR of over 4.5 owing to
  the shifting trend among European construction
  companies to rent rather than purchasing
  equipment. Several countries in Europe including
  Russia, Spain, and Italy are recovering from the
  economic crisis, following which the construction
  sector is gaining stability across these regions.

• Competitive Analysis

• The construction equipment rental market is
  highly competitive with the presence of key
  players such as Cramo PLC, Ashtead Group,
  Blueline Rental LLC, Nesco Rentals, Riwal, Herc
  Holdings, Caterpillar, Inc., Shanghai Hongxin
  Equipment Engineering Co., Ltd., Ahern Rentals,
  Inc., Loxam Group, and United Rentals. Companies
  are trying to incorporate the latest advanced
  technologies such as GPS, RFID, and telematics,
  into their construction equipment to offer
  enhanced rental solutions. Furthermore, rental
  operators are stressing on providing
  sophisticated on field and online certified
  training courses for the safety of operators.

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