Construction Equipment Rental Market to Witness Robust Growth by 2027 | Top Players- The Hertz Corporation, Loxam Group, Inc., Unirent LLC, Mtandt Rentals Limited, Etc

The growing requirement for highly advanced construction rental equipment to ensure efficient management of construction and processing projects is driving the industry’s expansion.

The Construction Equipment Rental Market is expected to be valued at USD 135.77 Billion in 2027 from USD 97.70 Billion in 2019, registering a CAGR of 4.1% through the forecast period.

The market growth can be accredited to the emergence and availability of several advanced rental options that can help firms fill spaces during outages and provide flexible options to support logistics and finance effectively. The renting of construction equipment allows the companies that are capital intensive to expand their business according to their necessities. This, in turn, allows firms to cater to niche markets and work on multiple construction projects.

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Prominent players in the industry are The Hertz Corporation, Loxam Group, Inc., Unirent LLC, Mtandt Rentals Limited, Ahern Rentals, Inc., United Rentals, Boels Rentals, Nesco Rentals, Caterpillar Inc., and Cramo PLC.

Renting construction equipment enables firms to reduce their costs by availing equipment for a longer time and for different projects. Another benefit of this is that upfront payment by organizations renting the equipment is unnecessary, which allows them to save on depreciation and labor, and maintenance costs for a considerable period of time. These expenses are covered by rental companies, which helps companies save money on heavy equipment and efficiently optimize their workload.

For the purpose of this report, Emergen Research has segmented the global construction equipment rental market based on equipment type, product type, application, and region:

 Equipment Type Outlook (Volume, Million Units; Revenue, USD Billion; 2017–2027)

• Earthmoving
• Road Building
• Material Handling
• Concrete

 Product Type Outlook (Volume, Million Units; Revenue, USD Billion; 2017–2027)

• Excavators
• Crawler Dozers
• Cranes
• Concrete Pumps
• Backhoes

 Application Outlook (Volume, Million Units; Revenue, USD Billion; 2017–2027)

• Real Estate
• Transport Power & Energy Infrastructure
• Commercial Estate
• Others

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 Key Highlights from the Report:

The earthmoving sub-segment accounted for a substantial share of the industry as the equipment is in high demand owing to rapid investments by government bodies to boost the scope of heavy industries. Earthmoving equipment is typically deployed for moving large sizes of earth and digging foundation bases for landscaping.

The excavators sub-segment is predicted to grow substantially, registering a CAGR of 4.6% during the projected period.

In 2019, Siddha Group commenced the application of novel construction technologies like PED, Precast, and Drywall to ensure a better output of the projects.

In 2019, Cooper Equipment Rentals gained a controlling stake in Prime Rentals, a Canada-based equipment rental company. This investment enabled the former to expand its business and presence across South Alberta.

 Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Construction Equipment Rental Market Segmentation & Impact Analysis

    4.1. Construction Equipment Rental Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Advancement of new technologies

                    4.2.2.2. Growing construction business

                    4.2.2.3. Zero depreciation cost

          4.2.3. Market restraints analysis

                    4.2.3.1. Lack of skilled operators

                    4.2.3.2. Getting affordable rental rate with premium service

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Continue…!

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