The Construction Equipment Rental Market is projected to reach USD 196.52 billion by 2033. In 2023, the market size was valued at USD 187.62 billion, with an anticipated compound annual growth rate (CAGR) of 4.85% from 2023 to 2033. This market encompasses the sector dedicated to leasing construction machinery to contractors and businesses for temporary use. Companies within this industry offer a diverse range of equipment, including earthmovers, excavators, cranes, and forklifts. By renting these machines for specific projects, customers can avoid the substantial costs associated with purchasing equipment that may only be needed occasionally.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Product Type (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers, Others)
By Equipment (Earthmoving, Material Handling, Road Building & Concrete)
Key players
Ashtead Group
Loxam
Herc Holdings Inc
Aktio Corporation
The Hertz Corporation
Nesco Rentals
Boels Rentals
Unirent
Caterpillar
United Rentals Inc.
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