Construction Equipment Rental Market Outlook: Size, Share, Growth, Key Drivers, Segmentation, Regional & Recent Trends

The Construction Equipment Rental Market has been expanding significantly in recent years, driven by various key factors. This report provides a comprehensive analysis of the market, including market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.
Market Size & Growth:
The Construction Equipment Rental Market size reached a valuation of USD 120.86 billion in 2023.
The Construction Equipment Rental Market growth is projected to reach a valuation of USD 200.85 billion by 2032.
The Construction Equipment Rental Market share is expected to register a compound annual growth rate (CAGR) of 6% from 2023 to 2032.
Recent Key Trends:
Herc Holdings Inc. acquired Rapid Equipment Rental Limited, a Toronto-based rental company.
H&E Equipment Services Inc., announced the relocation of its Georgetown branch to a Texas-based expanded unit.
General Finance Corp. and United Rentals inked a definitive agreement for the former’s acquisition by United Rentals. The deal involved a transaction value of USD 996 million.
Boels took over Cramo PLC to increase its customer base. The move was aimed at becoming one of the major players in the rental market in Europe.
Sunbelt Rentals announced its partnership with Britishvolt, to support the development of Britishvolt’s first full-scale Cambois-based battery Gigaplant. This long-term deal will also see the companies work closely together to favor the development of battery solutions for power plants and heavy equipment to help decarbonize the construction and equipment rental sector.
This Report includes a company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The data points provided are only related to the company's focus related to Construction Equipment Rental markets. Leading global Construction Equipment Rental market players and manufacturers are studied to give a brief idea about the competitions.
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Key Players:
United Rentals, Inc. (U.S.)
Loxam (France)
Sunbelt (U.S.)
Taiyokenki Rental Co., Ltd. (Japan)
AKTIO Corporation (Japan)
Herc Rentals Inc. (U.S.)
Ahern Rentals. (U.S.)
H&E Equipment Services, Inc. (U.S.)
Nikken Corporation (Japan)
Nishio Rent All Co. Ltd. (Japan)
Regional Trends:
North America: U.S., Canada, Mexico
Europe: Germany, U.K., France, Italy, Spain, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, Rest of MEA
Highlights of Our Report
Our report offers extensive market analysis, providing a deep dive into manufacturing capabilities, production volumes, and technological innovations within the Construction Equipment Rental Market. It includes detailed corporate insights with in-depth reviews of company profiles, highlighting major players and their strategic moves in this competitive landscape. The report also examines consumption trends to shed light on current demand dynamics and consumer preferences. Comprehensive segmentation details illustrate the market’s distribution across various end-user segments, applications, and industries. In addition, there is a thorough pricing evaluation that explores pricing structures and the key factors influencing market strategies. Finally, the report presents a forward-looking outlook, offering predictive insights into emerging trends, growth opportunities, and potential challenges that may shape the market’s future.
Market Segmentation:
By Equipment Type
Earthmoving Equipment
Material Handling Equipment
Concrete & Road Construction Equipment
Others
By Application
Residential
Commercial
Industrial
Key Drivers/ Restrains:
Drivers:
Increasing demand for flexible financing options and cost-saving measures in the construction industry driving the preference for equipment rental.
Rapid urbanization and infrastructure development projects requiring access to a wide range of construction equipment without the burden of ownership costs.
Restraints:
High operational costs and potential downtime associated with rental equipment may deter some contractors.
Competition from used equipment sales and the availability of financing options for new equipment purchases.
In Summary:
The Construction Equipment Rental Market is booming as companies prefer flexible, cost-effective solutions over ownership. The adoption of IoT-enabled fleet management, telematics, and electric rental equipment is enhancing efficiency.
About Us:
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