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Construction Equipment Rental Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Nov 01, 2024
Length 120 Pages
SKU # FOB19302906

Description

Construction Equipment Rental Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Construction Equipment Rental Market

The construction equipment rental market size was valued at USD 120.86 billion in 2023, and the market is now projected to grow from USD 126.15 billion in 2024 to USD 200.85 billion by 2032, exhibiting a CAGR of 6.0% during the forecast period of 2024-2032.

The demand from the equipment rental industry was impacted by the COVID- 19 pandemic. The occurrence of pandemic across the significant economies, most the leading market performers recorded a substantial drop in their revenue generation and profit margins. The unexpected termination of manufacturing facility disturbing the rate of daily output from the making amenities played a key role in plummeting the sales of these market performers.

Hiring construction equipment deals a gathering of benefits particularly in light of the cyclical nature of the construction industry and prevalent financial condition. Among growing economic insecurity and predictions of a potential recession, several construction firms, workers, and industries are progressively rotating to rental options. This shift specifies a rising trend toward economical and flexible solutions in response to economic variations.

Technological developments in the heavy equipment and automotive industries have carried a number of new movements to the market. Construction equipment makers are dedicated on integrating cutting edge security aspects to develop the output of their processes and decrease the need for upkeep. Growing technological improvements in the automotive and construction machinery sectors are growing the effectiveness and performance of construction machinery. Telematics system deliver simple material about the place and presentation level of construction equipment and automobiles. However, this system necessitates a huge investment making it high-priced for many minor builders & contractors. The equipment rental service has resolved the problem by eradicating the total cost and providing rental options. Thus, the said factors are additionally growing the construction equipment rental market growth across the world.

Comprehensive Analysis of Construction Equipment Rental Market

The market can be segmented in various ways, depending on the focus of analysis such as by equipment type, and by application. Based on equipment type, the market is classified into earthmoving equipment, material handling equipment, concrete & road equipment and others. Based on application, market is classified into residential, commercial, and industrial.

North America region is dominating the construction equipment rental market share due to progressively emphasis on developing infrastructure for an increasing economy.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include United Rentals Inc. (U.S.), Loxam (France), Sunbelt (U.S.), Taiyokenki Rental Co.Ltd.(Japan), AKTIO Corporation (Japan), Herc Rentals Inc.(U.S.), Ahern Rentals (U.S.), H&E Equipment Services, Inc. (U.S.), Nikken Corporation (Japan), Nishio Rent All Co. Ltd. (Japan) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In June 2023, H&E Equipment Services, Inc. initiated its 22nd rental locality in Texas with the inaugural of new branch in Houston South, providing to several construction and general industrial equipment needs.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.0% over 2024 to 2032

Unit Value (USD Billion)

Segmentation By Equipment Type

Earthmoving Equipment

Material Handling Equipment

Concrete & Road Construction Equipment

Others

By Application

Residential

Commercial

Industrial

By Region

North America (By Equipment Type, By Application, By Country)

U.S. (By Equipment Type)

Canada (By Equipment Type)

Europe (By Equipment Type, By Application, By Country)

U.K. (By Equipment Type)

Germany (By Equipment Type)

France (By Equipment Type)

Italy (By Equipment Type)

Rest of Europe

Asia Pacific (By Equipment Type, By Application, By Country)

China (By Equipment Type)

Japan (By Equipment Type)

India (By Equipment Type)

Southeast Asia (By Equipment Type)

Rest of Asia Pacific

Middle East & Africa (By Equipment Type, By Application, By Country)

GCC Countries (By Equipment Type)

South Africa (By Equipment Type)

Rest of Middle East and Africa

Latin America (By Equipment Type, By Application, By Country)

Brazil (By Equipment Type)

Mexico (By Equipment Type)

Rest of Latin America

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Table of Contents

120 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Construction Equipment Rental Key Players Market Share Insights and Analysis, 2023
5. Global Construction Equipment Rental Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
5.1.
5.1.1. Key Findings
5.1.2. By Equipment Type (USD Bn)
5.1.2.1. Earthmoving Equipment
5.1.2.2. Material Handling Equipment
5.1.2.3. Concrete & Road Construction Equipment
5.1.2.4. Others
5.1.3. By Application (USD Bn)
5.1.3.1. Residential
5.1.3.2. Commercial
5.1.3.3. Industrial
5.1.4. By Region (USD Bn)
5.1.4.1. North America
5.1.4.2. Europe
5.1.4.3. Asia-Pacific
5.1.4.4. Middle East & Africa
5.1.4.5. Latin America
6. North America Construction Equipment Rental Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
6.1.
6.1.1. Key Findings
6.1.2. By Equipment Type (USD Bn)
6.1.2.1. Earthmoving Equipment
6.1.2.2. Material Handling Equipment
6.1.2.3. Concrete & Road Construction Equipment
6.1.2.4. Others
6.1.3. By Application (USD Bn)
6.1.3.1. Residential
6.1.3.2. Commercial
6.1.3.3. Industrial
6.1.4. By Country (USD Bn)
6.1.4.1. U.S.
6.1.4.1.1. By Equipment Type
6.1.4.1.1.1. Earthmoving Equipment
6.1.4.1.1.2. Material Handling Equipment
6.1.4.1.1.3. Concrete & Road Construction Equipment
6.1.4.1.1.4. Others
6.1.4.2. Canada
6.1.4.2.1. By Equipment Type
6.1.4.2.1.1. Earthmoving Equipment
6.1.4.2.1.2. Material Handling Equipment
6.1.4.2.1.3. Concrete & Road Construction Equipment
6.1.4.2.1.4. Others
7. Europe Construction Equipment Rental Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
7.1.
7.1.1. Key Findings
7.1.2. By Equipment Type (USD Bn)
7.1.2.1. Earthmoving Equipment
7.1.2.2. Material Handling Equipment
7.1.2.3. Concrete & Road Construction Equipment
7.1.2.4. Others
7.1.3. By Application (USD Bn)
7.1.3.1. Residential
7.1.3.2. Commercial
7.1.3.3. Industrial
7.1.4. By Country (USD Bn)
7.1.4.1. U.K.
7.1.4.1.1. By Equipment Type
7.1.4.1.1.1. Earthmoving Equipment
7.1.4.1.1.2. Material Handling Equipment
7.1.4.1.1.3. Concrete & Road Construction Equipment
7.1.4.1.1.4. Others
7.1.4.2. Germany
7.1.4.2.1. By Equipment Type
7.1.4.2.1.1. Earthmoving Equipment
7.1.4.2.1.2. Material Handling Equipment
7.1.4.2.1.3. Concrete & Road Construction Equipment
7.1.4.2.1.4. Others
7.1.4.3. France
7.1.4.3.1. By Equipment Type
7.1.4.3.1.1. Earthmoving Equipment
7.1.4.3.1.2. Material Handling Equipment
7.1.4.3.1.3. Concrete & Road Construction Equipment
7.1.4.3.1.4. Others
7.1.4.4. Italy
7.1.4.4.1. By Equipment Type
7.1.4.4.1.1. Earthmoving Equipment
7.1.4.4.1.2. Material Handling Equipment
7.1.4.4.1.3. Concrete & Road Construction Equipment
7.1.4.4.1.4. Others
7.1.4.5. Rest of Europe
8. Asia Pacific Construction Equipment Rental Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
8.1.
8.1.1. Key Findings
8.1.2. By Equipment Type (USD Bn)
8.1.2.1. Earthmoving Equipment
8.1.2.2. Material Handling Equipment
8.1.2.3. Concrete & Road Construction Equipment
8.1.2.4. Others
8.1.3. By Application (USD Bn)
8.1.3.1. Residential
8.1.3.2. Commercial
8.1.3.3. Industrial
8.1.4. By Country (USD Bn)
8.1.4.1. China
8.1.4.1.1. By Equipment Type
8.1.4.1.1.1. Earthmoving Equipment
8.1.4.1.1.2. Material Handling Equipment
8.1.4.1.1.3. Concrete & Road Construction Equipment
8.1.4.1.1.4. Others
8.1.4.2. Japan
8.1.4.2.1. By Equipment Type
8.1.4.2.1.1. Earthmoving Equipment
8.1.4.2.1.2. Material Handling Equipment
8.1.4.2.1.3. Concrete & Road Construction Equipment
8.1.4.2.1.4. Others
8.1.4.3. India
8.1.4.3.1. By Equipment Type
8.1.4.3.1.1. Earthmoving Equipment
8.1.4.3.1.2. Material Handling Equipment
8.1.4.3.1.3. Concrete & Road Construction Equipment
8.1.4.3.1.4. Others
8.1.4.4. Southeast Asia
8.1.4.4.1. By Equipment Type
8.1.4.4.1.1. Earthmoving Equipment
8.1.4.4.1.2. Material Handling Equipment
8.1.4.4.1.3. Concrete & Road Construction Equipment
8.1.4.4.1.4. Others
8.1.4.5. Rest of Asia Pacific
9. Middle East and Africa Construction Equipment Rental Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
9.1.
9.1.1. Key Findings
9.1.2. By Equipment Type (USD Bn)
9.1.2.1. Earthmoving Equipment
9.1.2.2. Material Handling Equipment
9.1.2.3. Concrete & Road Construction Equipment
9.1.2.4. Others
9.1.3. By Application (USD Bn)
9.1.3.1. Residential
9.1.3.2. Commercial
9.1.3.3. Industrial
9.1.4. By Country (USD Bn)
9.1.4.1. GCC Countries
9.1.4.1.1. By Equipment Type
9.1.4.1.1.1. Earthmoving Equipment
9.1.4.1.1.2. Material Handling Equipment
9.1.4.1.1.3. Concrete & Road Construction Equipment
9.1.4.1.1.4. Others
9.1.4.2. South Africa
9.1.4.2.1. By Equipment Type
9.1.4.2.1.1. Earthmoving Equipment
9.1.4.2.1.2. Material Handling Equipment
9.1.4.2.1.3. Concrete & Road Construction Equipment
9.1.4.2.1.4. Others
9.1.4.3. Rest of Middle East and Africa
10. Latin America Construction Equipment Rental Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2032
10.1.
10.1.1. Key Findings
10.1.2. By Equipment Type (USD Bn)
10.1.2.1. Earthmoving Equipment
10.1.2.2. Material Handling Equipment
10.1.2.3. Concrete & Road Construction Equipment
10.1.2.4. Others
10.1.3. By Application (USD Bn)
10.1.3.1. Residential
10.1.3.2. Commercial
10.1.3.3. Industrial
10.1.4. By Country (USD Bn)
10.1.4.1. Brazil
10.1.4.1.1. By Equipment Type
10.1.4.1.1.1. Earthmoving Equipment
10.1.4.1.1.2. Material Handling Equipment
10.1.4.1.1.3. Concrete & Road Construction Equipment
10.1.4.1.1.4. Others
10.1.4.2. Mexico
10.1.4.2.1. By Equipment Type
10.1.4.2.1.1. Earthmoving Equipment
10.1.4.2.1.2. Material Handling Equipment
10.1.4.2.1.3. Concrete & Road Construction Equipment
10.1.4.2.1.4. Others
10.1.4.3. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. United Rentals, Inc.
11.1.1. Overview
11.1.2. Offerings/Business Segments
11.1.3. Employee Size
11.1.4. Key Financials
11.1.5. Recent Developments
11.2. Loxam
11.2.1. Overview
11.2.2. Offerings/Business Segments
11.2.3. Employee Size
11.2.4. Key Financials
11.2.5. Recent Developments
11.3. Sunbelt
11.3.1. Overview
11.3.2. Offerings/Business Segments
11.3.3. Employee Size
11.3.4. Key Financials
11.3.5. Recent Developments
11.4. Taiyokenki Rental Co., Ltd.
11.4.1. Overview
11.4.2. Offerings/Business Segments
11.4.3. Employee Size
11.4.4. Key Financials
11.4.5. Recent Developments
11.5. AKTIO Corporation
11.5.1. Overview
11.5.2. Offerings/Business Segments
11.5.3. Employee Size
11.5.4. Key Financials
11.5.5. Recent Developments
11.6. Herc Rentals Inc.
11.6.1. Overview
11.6.2. Offerings/Business Segments
11.6.3. Employee Size
11.6.4. Key Financials
11.6.5. Recent Developments
11.7. Ahern Rentals
11.7.1. Overview
11.7.2. Offerings/Business Segments
11.7.3. Employee Size
11.7.4. Key Financials
11.7.5. Recent Developments
11.8. H&E Equipment Services, Inc.
11.8.1. Overview
11.8.2. Offerings/Business Segments
11.8.3. Employee Size
11.8.4. Key Financials
11.8.5. Recent Developments
11.9. Nikken Corporation
11.9.1. Overview
11.9.2. Offerings/Business Segments
11.9.3. Employee Size
11.9.4. Key Financials
11.9.5. Recent Developments
11.10. Nishio Rent All Co. Ltd
11.10.1. Overview
11.10.2. Offerings/Business Segments
11.10.3. Employee Size
11.10.4. Key Financials
11.10.5. Recent Developments

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