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Oct 13, 2020 2:25 AM ET

Construction Equipment Rental Market to Witness Massive Growth | Boels Rentals, H&E Equipment Services, Herc Rentals Inc.


iCrowd Newswire - Oct 13, 2020

Construction Equipment Rental Market by Application (Excavation & Mining, Material Handling, Earthmoving, and Concrete), Product (Backhoes & Excavators, Loaders, Crawler Dozers, Cranes, Forklift, and Others), and Propulsion System (Electric & ICE): Global Opportunity Analysis and Industry Forecast, 2020-2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Construction Equipment Rental market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Construction Equipment Rental market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Key Segments Studied in the Global Construction Equipment Rental Market

The global construction equipment rental market was valued at $90,997.4 million in 2019, and is expected to reach $106,422.0 million by 2027, registering a CAGR of 4.2% from 2020 to 2027.

Construction equipment rental is the service to rent out construction equipment to end users for a certain period of time by signing contracts with terms and conditions about their usage. Construction equipment are used in various activities at construction and mining sites. These sites require several equipment to carry out heavy operations, which are specifically offered by rental service providers.

 

Construction Equipment Rental Market

Upsurge in construction and mining activities in developing nations of Africa and Latin America regions is the key factor that peoples the growth of the global construction equipment rental market. In addition, high initial investment required to buy the equipment and the financial limitations to invest such huge amount can be avoided by using the rental equipment services. Moreover, the expenses incurred by maintenance of equipment, excessive operational cost, and high wages of skilled operators who operate the machines can be cut done by renting these equipment for required period of time.

However, saturation of construction and mining industry in developed nations and lack of skilled labor are the major restraints of the global market.

Conversely, IoT and smart devices installed on the machines help to carry out precise operations and overcome the problems such as lack of skilled labor and provide enhanced safety to the operators.

The global construction equipment rental market is segmented on the basis of application, product, propulsion system, and region. By application, the market is divided into excavation & mining, material handling, earthmoving, and concrete. Depending on product, it is classified into backhoes & excavators, loaders, crawler dozers, cranes, forklift, and others. As per propulsion type, it is differentiated by electric and ICE. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By application, in 2019, the earthmoving segment dominated the construction equipment rental market, in terms of revenue; however, the excavation & mining segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of product, the loaders segment led the construction equipment rental market in 2019, in terms of revenue, while the others segment is anticipated to register the highest CAGR during the forecast period. Depending on propulsion system, the ICE segment registered the highest growth in 2019, in terms of revenue, however, the electric segment is anticipated exhibit highest CAGR during the forecast period. Region wise, North America contributed for the largest market share in 2019, while Asia-Pacific is anticipated to secure a leading position during the forecast period.

Competition analysis

The major players profiled in the construction equipment rental market include Boels Rentals, H&E Equipment Services, Herc Rentals Inc., Kanamoto Co., Ltd., Nesco Holdings, Inc., Maxim Crane Works, L.P., Mtandt Group, Ramirent, Sarens n.v./s.a., and United Rentals, Inc.

These construction equipment rental companies have adopted strategies such as business expansion, acquisitions, and product launch to strengthen their foothold in the market and gain a competitive edge.

KEY BENEFITS FOR STAKEHOLDERS

– The report provides an extensive analysis of the current and emerging construction equipment rental market trends and dynamics.

– In-depth construction equipment rental market analysis is conducted by estimations for the key segments between 2020 and 2027.

– Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.

– A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.

– The market forecast analysis from 2020 to 2027 is included in the report.

– Key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the construction equipment rental market industry.

Professional Key players: 

Boels Rentals,   H&E Equipment Services,   Herc Rentals Inc.,   Kanamoto Co.,   Ltd.,   Nesco Holdings,   Inc.,   Maxim Crane Works,   L.P.,   Mtandt Group,   Ramirent,   Sarens n.v./s.a.,   and United Rentals,   Inc.

Market Segmentation:
Construction Equipment Rental Market

By Application (Excavation & Mining, Material Handling, Earthmoving, and Concrete),

By  Product (Backhoes & Excavators, Loaders, Crawler Dozers, Cranes, Forklift, and Others),

By  Propulsion System (Electric & ICE): Global Opportunity Analysis and Industry Forecast, 2020-2027

 A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

 Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Construction Equipment Rental Market Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Construction Equipment Rental market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Construction Equipment Rental  Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

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