A construction job mandates a large number of heavy machines. There are a number of advantages to lease the construction. Primarily, many contractors want to be able to stay on the cutting edge of technology. New tools are emerging all the time, and leasing equipment means that contractors can utilize the latest products available without taking on extravagant costs. When the lease is up, contractors can simply opt for the newest line of products available.
The practice of leasing instead of purchasing heavy machinery has proven to be beneficial for companies of all sizes across numerous industries, Lower administrative overhead coupled with reduced expense and maintenance will drive construction equipment rental market size. Since industry vendors need to comply with the pervasive regulatory landscape, buyers benefit from elimination of replacement costs and associated expenditure. Other trends positively impacting revenue include growing technological advancements ranging from multifunctional machinery to apps for monitoring fuel consumption.
Thailand is the ASEAN’s largest rental market, Enjoyed about 23.62% construction equipment rental market share. Vietnam and Indonesia are currently witnessing large-scale infrastructure development activities, which is raising demand for construction equipment. Also, as most of the projects are undertaken with private investment money, where the utilization of equipment is limited to a short duration, contractors prefer to use equipment on a rental basis.
According to this study, over the next five years the Construction Equipment Rental market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Construction Equipment Rental business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Construction Equipment Rental market by product type, application, key companies and key regions.
This study considers the Construction Equipment Rental value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Earth Moving Equipment
Material Handling and Cranes
Road Building Equipment
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Commercial
Individual
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Sin Heng Heavy Machinery Limited
Aktio Co., Ltd.
UMW
Nishio Rentall
Tat Hong
Superkrane Equipments
Rent (Thailand) Co.,Ltd.
Kanamoto Co., Ltd.
Guzent
SCMC
Hillcon
INA
Asia Machinery Solutions Vietnam
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Construction Equipment Rental market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Construction Equipment Rental market by identifying its various subsegments.
Focuses on the key global Construction Equipment Rental players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Construction Equipment Rental with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Construction Equipment Rental submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Construction Equipment Rental. Industry analysis & Market Report on Construction Equipment Rental is a syndicated market report, published as Global Construction Equipment Rental Market Growth (Status and Outlook) 2019-2024. It is complete Research Study and Industry Analysis of Construction Equipment Rental market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.