Construction Equipment Rental Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027
The Construction Equipment Rental market growth can be accredited to the emergence and availability of several advanced rental options that can help firms fill spaces during outages and provide flexible options to support logistics and finance effectively. The renting of construction equipment allows the companies that are capital intensive to expand their business according to their necessities. This, in turn, allows firms to cater to niche markets and work on multiple construction projects.
Construction Equipment Rental market landscape, disrupting its supply chains, and causing volatility in prices and demand for products. The report analyzes the impact of the pandemic on the Construction Equipment Rental industry and highlights its beleaguered segments
Prominent players in the industry are The Hertz Corporation, Loxam Group, Inc., Unirent LLC, Mtandt Rentals Limited, Ahern Rentals, Inc., United Rentals, Boels Rentals, Nesco Rentals, Caterpillar Inc., and Cramo PLC.
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Key Highlights from the Report:
In 2019, Siddha Group commenced the application of novel construction technologies like PED, Precast, and Drywall to ensure a better output of the projects.
In 2019, Cooper Equipment Rentals gained a controlling stake in Prime Rentals, a Canada-based equipment rental company. This investment enabled the former to expand its business and presence across South Alberta.
For the purpose of this report, Emergen Research has segmented the global construction equipment rental market based on equipment type, product type, application, and region:
Regional Outlook (Volume, Million Units; Revenue, USD Billion; 2017–2027)
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
o BENELUX
o Rest of Europe
· Asia Pacific
o China
o Japan
o South Korea
o Rest of APAC
· Latin America
o Brazil
o Rest of LATAM
· Middle East & Africa
o Saudi Arabia
o U.A.E.
o Rest of MEA
The report, additionally, presents a comprehensive analysis of the key elements of the Construction Equipment Rental market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis