The global demand for Rental Construction Equipment Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Rental construction equipment is a service industry that provides equipment of all kinds and size for a specific period to a construction contractor, industry, or an individual. Ther service facilitates the use of equipment for the temporary purpose at low cost for those who are not willing to buy. Renting construction equipment provides many benefits: saves the initial cost, protects from market fluctuation, less maintenance cost, no depreciation cost, saves transportation cost, no storage issue, and help ensure short term project fast.
The rental construction equipment market is emerging as the fastest-growing market. Infrastructure segment is the key driver for the market. The sector is highly responsible for overall demand. Growing focus of countries towards developing infrastructure and broad-based economic push supported by favourable policy regime has led the market to become the fastest growing. The main reason for the overall fast development of the market is a capital release, maintenance, compliance with standard and regulations, and most comprehensive range of state-of-the-art equipment. Renting facility offer constructor a capital relief, improved cost control, reduction of maintenance cost and reduction in transportation fleets. Thus, owing to the above factors, the rental business is witnessing strong growth. Many prominent construction equipment manufacturers have set up renting distribution business as many construction equipment users are preferring pay-as-use model as an optimal way to do business.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Rental Construction Equipment.
The entire Rental Construction Equipment market has been sub-categorized into product and category. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Dump Trucks
- Earth Moving
- Material Handling
- Road Building & Concrete
This section covers regional segmentation which accentuates on current and future demand for Rental Construction Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Rental Construction Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Rental Construction Equipment market include United Rentals Inc., Kanmoto Co. Ltd.,CNH Industrial,Liebherr-International AG, Caterpillar Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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