In-Depth Construction Equipment Rental Market Analysis: Growth Trends, Size, and Demand from 2024 to 2030

By litobiv 28 Jan 2025

Markntel Advisors’ report, Construction Equipment Rental Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Construction Equipment Rental presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Construction Equipment Rental Market Industry Research Report Market Summary:

The Global Construction Equipment Rental Market size is estimated to grow at a CAGR of around 5.8% during the forecast period, i.e., 2024-30. The significant boost in government spending on public infrastructure development has ignited construction and mining activities across emerging economies globally. Consequently, the demand for construction equipment is high as a result of this factor. This surge in the price of new machinery is prompting contractors and other stakeholders to lean towards leasing options instead.

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Construction Equipment Rental Market Dynamics:

Key Driver-

Increasing Adoption of Rental Equipment in Various Industries to Bolster the Market Growth – The construction industry's cyclical nature and current economic conditions make renting construction equipment an advantageous option. Numerous industries, including contractors as well as many firms, are increasingly inclined towards rental options versus purchasing new machinery. Industry leaders like BigRentz have noticed a significant shift in the trend toward rentals over ownership or leasing by builders and contractors alike. The looming threat of recession is also impacting this climate, with growing anticipation among business executives and economists that it may increase demand for rented resources while steering companies away from costly capital investments like buying or leasing their equipment.

Furthermore, due to the economic volatility and expenses involved, construction companies are careful with their costs. As a result, they strive to maximize the usefulness of equipment bought for optimal value. Consequently, renting equipment has become an appealing substitute that is fueling the growth of the market.

Construction Equipment Rental Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Equipment Type

Earthmoving Equipment- Market Size Forecast 2019-2030, (USD Million)
Material Handling Equipment- Market Size Forecast 2019-2030, (USD Million)
Concrete and Road Construction- Market Size Forecast 2019-2030, (USD Million)
Others- Market Size Forecast 2019-2030, (USD Million)

During the forecast period, the earthmoving equipment segment is anticipated to hold a considerable market share. The usage of excavators in agriculture, mining, and construction has resulted in significant expansion within those respective industries.

By Product Type

Excavator- Market Size Forecast 2019-2030, (USD Million)
Loader- Market Size Forecast 2019-2030, (USD Million)
Grader- Market Size Forecast 2019-2030, (USD Million)
Bulldozer- Market Size Forecast 2019-2030, (USD Million)
Road Roller- Market Size Forecast 2019-2030, (USD Million)
Tipper- Market Size Forecast 2019-2030, (USD Million)
Forklifts- Market Size Forecast 2019-2030, (USD Million)
Cranes- Market Size Forecast 2019-2030, (USD Million)
Diesel Generator- Market Size Forecast 2019-2030, (USD Million)
Concrete Pumps- Market Size Forecast 2019-2030, (USD Million)
Concrete Mixers- Market Size Forecast 2019-2030, (USD Million)
Others- Market Size Forecast 2019-2030, (USD Million)

By Application

Residential- Market Size Forecast 2019-2030, (USD Million)
Commercial- Market Size Forecast 2019-2030, (USD Million)
Industrial- Market Size Forecast 2019-2030, (USD Million)

The commercial segment holds a major share of the Global Construction Equipment Rental Market and the market share of the commercial sector is expected to soar at a significant rate during the forecast period as well. Equipment manufacturers stand to benefit from lucrative opportunities generated by commercial properties through enhanced rental services and sales of their products.

By Region

North America
South America
Europe
The Middle East Africa
Asia-Pacific.

Throughout the forecast period, Asia-Pacific is anticipated to remain the market leader in the Global Construction Equipment Rental Market.

As indicated in the latest market research report published by Markntel Advisors, “Construction Equipment Rental Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Construction Equipment Rental. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-construction-equipment-rental-market.html

Top Companies Operating in the Construction Equipment Rental Market:

Caterpillar Inc.
United Rentals, Inc.
Sennebogen
Komatsu Ltd.
CNH Industrial N.V.
Loxam
Ramirent Plc.
Zoomlion Heavy Industry Science and Technology Co., Ltd.
Herc Rentals Inc.
HE Equipment Service
Nishio Rent All Co. Ltd.
Nikken Corporation
Sunbelt
Taiyokenki Rental Co., Ltd.
AKTIO Corporation
Others.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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Other Report:

Key Report Highlights:

Market Dimensions Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Frequently Asked Questions (FAQs)-

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