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Construction Equipment Rental Market by Equipment (Earthmoving, Material Handling, Road Building & Concrete), Product (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Compactors, Concrete Pumps), Region - Global Forecast to 2024

Construction Equipment Rental Market by Equipment (Earthmoving, Material Handling, Road Building & Concrete), Product (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Compactors, Concrete Pumps), Region - Global Forecast to 2024

The construction equipment rental market is projected to grow at a CAGR of 4.3% between 2019 and 2024
The construction equipment rental market is estimated to be USD 98.6 billion in 2019 and is projected to reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024. Growing infrastructure activities in emerging nations and developed construction equipment rental industry in North America and Europe is expected to drive the growth of construction equipment rental market during the forecast period. Preference towards rental for construction rather than purchase is expected to fuel the growth of construction equipment rental market during the forecast period.

The earthmoving segment is projected to drive the market for construction equipment rental market during the forecast period
Based on equipment, the construction equipment rental market is categorized into earthmoving, material handling, and road building & concrete. Among these, the earthmoving segment is projected to lead the construction equipment rental market during the forecast period. This is due to the wide acceptability, mobility, and ease of operation, coupled with the high cost of excavators, making rental a more viable option.

Increasing infrastructure construction activities, such as roads, highways, metros, and airports are expected to drive the growth of the excavators segment of the construction equipment rental market
Based on product, the construction equipment rental market is segregated into excavators, backhoes, loaders, crawler dozers, cranes, concrete pumps, compactors, transit mixers, concrete mixers, and others. Among these, the excavators segment is projected to lead the market due to increase in infrastructure construction activities, such as roads, highways, metros, airports, bridges, along with refurbishment and redevelopment activities associated with residential construction. The cranes segment is projected to grow at the highest CAGR during the forecast period.

North America is estimated to account for the largest share of the market in 2019 and is also projected to lead during the forecast period
The North America region is projected to be the largest, whereas the Asia Pacific region is projected to grow at the highest CAGR in the construction equipment rental market during the forecast period. Increasing investments in construction and rising population in the Asia Pacific region are expected to lead to the increasing demand for construction equipment on rental basis, and the trend is expected to continue during the forecast period. Europe accounted for the second-largest market share in 2018, however, the Asia Pacific is expected to outrank Europe to become the second-largest construction equipment rental market by 2024.

Breakdown of primary interviews for the report on the construction equipment rental market

By Company Type – Tier 1 – 20 %, Tier 2 –45 %, and Tier 3 – 35 %
By Designation – C-Level – 20 %, Director Level – 25 %, and Others – 55 %
By Region –Europe- 50 %, North America – 20 %, Asia Pacific– 15 %, Latin America- 10 %, Middle East & Africa – 5 %

The globally leading construction equipment renting companies profiled in this report are United Rentals Inc. (US) (Belgium), United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), Kanamoto Co. Ltd. (Japan), Nishio Rent All Co. Ltd (Japan), Nikken Corporation (Japan), and Ahern Rentals (US), among others.

Research Coverage:
The report covers the construction equipment rental market based on equipment, product, and region. This report aims at estimating the size and future growth potential of the construction equipment rental market across various segmentation types. The report also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Key Benefits of Buying the Report
From an insight perspective, this report focuses on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the construction equipment rental market, high-growth regions, and drivers, restraints, opportunities, and challenges in the construction equipment rental market.

The report provides insights on the following pointers:
Market Penetration: Comprehensive information on various types of construction equipment on a rental basis offered by top players operating in the construction equipment rental market.

Product Development/Innovation: Detailed insights into upcoming construction equipment rental based on type & weight lifting capacity, R&D activities, and new applications in various end-use industries in the construction equipment rental market.

Market Development: Comprehensive information about the lucrative and emerging markets. The report analyzes the markets for construction equipment rental across different regions.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the construction equipment rental market.

Competitive Assessment: In-depth assessment of strategies, products, and fleet capabilities of leading players in the construction equipment rental market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table CONSTRUCTION EQUIPMENT RENTAL MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE CONSTRUCTION EQUIPMENT RENTAL MARKET
    • CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT
    • CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT
    • CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION
    • ASIA PACIFIC TO LEAD THE GROWTH OF THE CONSTRUCTION EQUIPMENT RENTAL MARKET DURING THE FORECAST PERIOD
  • MARKET OVERVIEW
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
        • Table GLOBAL AIRPORT CONSTRUCTION PROJECTS BY COUNTRY
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT
    • INTRODUCTION
      • Table CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT, 2017–2024 (USD MILLION)
    • EARTHMOVING
      • HIGH PURCHASING COST OF EARTHMOVING EQUIPMENT MAKES RENTAL A PREFERRED CHOICE
        • Table EARTHMOVING CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2017–2024 (USD MILLION)
    • MATERIAL HANDLING
      • INCREASING DEMAND FOR CRANES IN THE BUILDING & CONSTRUCTION INDUSTRY TO DRIVE THE GROWTH OF THE MATERIAL HANDLING SEGMENT
        • Table MATERIAL HANDLING CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2017–2024 (USD MILLION)
    • ROAD BUILDING & CONCRETE
      • CAPITAL-INTENSIVE INFRASTRUCTURE PROJECTS IN ASIA PACIFIC, LATIN AMERICA, AND THE MIDDLE EAST ARE EXPECTED TO CREATE MARGINAL DEMAND FOR ROAD BUILDING & CONCRETE EQUIPMENT RENTAL
        • Table ROAD BUILDING & CONCRETE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2017–2024 (USD MILLION)
  • CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT
    • INTRODUCTION
      • Table CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
    • EXCAVATORS
      • WIDE ACCEPTANCE FOR RENTING OF EXCAVATORS AMONG CONTRACTORS DUE TO THE HIGH PRICE OF EQUIPMENT PURCHASE
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR EXCAVATORS, BY REGION, 2017–2024 (USD MILLION)
    • LOADERS
      • ONGOING ELECTRIFICATION BY OEM TO TARGET RENTAL CUSTOMERS EXPECTED TO IMPACT THE MARKET FOR LOADERS
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR LOADERS, BY REGION, 2017–2024 (USD MILLION)
    • BACKHOES
      • ALTHOUGH POPULAR IN ASIA AND THE MIDDLE EAST, BACKHOES FACE STIFF COMPETITION FROM CRAWLER EXCAVATORS AND LOADERS IN NORTH AMERICA AND EUROPE
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR BACKHOES, BY REGION, 2017–2024 (USD MILLION)
    • CRANES
      • INCREASING DEMAND FOR FIXED CONSTRUCTION PRODUCTS IN THE BUILDING & CONSTRUCTION INDUSTRY EXPECTED TO DRIVE THE MARKET FOR CRANES RENTAL
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR CRANES, BY REGION, 2017–2024 (USD MILLION)
    • CRAWLER DOZERS
      • ROAD BUILDING AND HIGHWAY CONSTRUCTION ACTIVITIES IN ASIA PACIFIC TO DRIVE THE DEMAND FOR CRAWLER DOZERS
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR CRAWLER DOZERS, BY REGION, 2017–2024 (USD MILLION)
    • CONCRETE PUMPS
      • RAPID EXPANSION OF HOUSING AND INFRASTRUCTURE SECTORS EXPECTED TO DRIVE THE MARKET FOR CONCRETE PUMPS RENTAL
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR CONCRETE PUMPS, BY REGION, 2017–2024 (USD MILLION)
    • COMPACTORS
      • ROAD BUILDING AND INFRASTRUCTURE ACTIVITIES IN EMERGING NATIONS EXPECTED TO DRIVE THE DEMAND FOR COMPACTORS
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR COMPACTORS, BY REGION, 2017–2024 (USD MILLION)
    • TRANSIT MIXERS
      • LESS RENTAL PENETRATION TO AFFECT THE FUTURE RENTAL REVENUE OF TRANSIT MIXERS
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR TRANSIT MIXERS, BY REGION, 2017–2024 (USD MILLION)
    • CONCRETE MIXERS
      • CONTRACTORS PREFER PURCHASE OF CONCRETE MIXERS OVER RENTAL BECAUSE OF THEIR CONTINUOUS USE
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR CONCRETE MIXERS, BY REGION, 2017–2024 (USD MILLION)
    • OTHERS
      • MINIMUM RENTAL PENETRATION EXPECTED TO IMPACT THE RENTAL REVENUE PF OTHER PRODUCTS IN THE NEAR FUTURE
        • Table CONSTRUCTION EQUIPMENT RENTAL MARKET FOR OTHER PRODUCTS, BY REGION, 2017–2024 (USD MILLION)
  • REGIONAL ANALYSIS
    • INTRODUCTION
      • Table CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • US
        • Table US CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • CANADA
        • Table CANADA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC CONSTRUCTION EQUIPMENT RENTAL MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • CHINA
        • Table CHINA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION
      • JAPAN
        • Table JAPAN CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • INDIA
        • Table INDIA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST & AFRICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT,2017–2024 (USD MILLION)
      • Table MIDDLE EAST & AFRICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • UAE
        • Table UAE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • QATAR
        • Table QATAR CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
    • EUROPE
      • Table EUROPE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table EUROPE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT, 2017–2024 (USD MILLION)
      • Table EUROPE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • GERMANY
        • Table GERMANY CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • FRANCE
        • Table FRANCE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • UK
        • Table UK CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • ITALY
        • Table ITALY CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • SPAIN
        • Table SPAIN CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • SWEDEN
        • Table SWEDEN CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • REST OF EUROPE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT
        • Table REST OF EUROPE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • BRAZIL
        • Table BRAZIL CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • MEXICO
        • Table MEXICO CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
      • REST OF LATIN AMERICA
        • Table REST OF LATIN AMERICA CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT, 2017–2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARIES
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • RANKING OF KEY MARKET PLAYERS IN THE CONSTRUCTION EQUIPMENT RENTAL MARKET
  • COMPANY PROFILES
    • UNITED RENTALS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HERC HOLDINGS INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • ASHTEAD GROUP PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • AKTIO CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • LOXAM SAS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KANAMOTO CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NISHIO RENT ALL CO., LTD.
      • BUSINESS OVERVIEW
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • H&E EQUIPMENT SERVICES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NIKKEN CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • CRAMO GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • RAMIRENT PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MAXIM CRANE WORKS, L.P.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KILOUTOU
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SARENS NV
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TAIYOKENKI RENTAL CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • AHERN RENTALS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BOELS RENTAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SPEEDY HIRE PLC
      • BUSINESS OVERVIEW
    • OTHER KEY PLAYERS
      • COATES HIRE
      • SUNSTATE EQUIPMENT COMPANY
      • ZEPPELIN RENTAL
      • LIEBHERR MIETPARTNER
      • HITACHI CONSTRUCTION MACHINERY JAPAN CO., LTD.
      • HSS HIRE
      • AMECO INC.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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