The “Construction Equipment Rental Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Construction Equipment Rental industry. The information available in the Construction Equipment Rental market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Construction Equipment Rental market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.
Some Companies Are Covered in the Construction Equipment Rental Market:
Get a Sample Copy of the Report – https://www.industryresearch.co/enquiry/request-sample/14245258
Scope of the Report:
Reasons for Buying Construction Equipment Rental Market Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a five-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
For More Information or Query or Customization Before Buying, Visit at – https://www.industryresearch.co/enquiry/pre-order-enquiry/14245258
Key Market Trends:
The Excavators Sub-segment is Expected to Dominat the Earthmoving Equipment Segment
The excavators sub-segment in the global construction equipment rental market was valued at USD 28.07 billion in 2018.
Excavators are typically of two types, namely wheeled excavators and crawler excavators. Among them, crawler excavators occupied a major share of more than 70% of the global excavator rental market in 2017.
As most rental companies purchased low-cost crawler excavators over high cost wheeled excavators, because the former equipment offered high stability for digging operations on rough or uneven terrains, compared to that of wheeled excavators.
However, the operating cost of wheeled excavators have been less compared to that of crawler excavators, as the wearing out of crawlers undercarriages and their replacing or refurbishing are an expensive and time-consuming task. Thus, some regions have started to adopt wheeled excavators in construction projects since 2010.
Europe ranks the highest in the usage of wheeled excavators compared to the United States. As most of the work done in Europe takes place in urbanized areas, while in the United States work projects majorly included clearing land and digging.
While, in Asia-Pacific and Middle-East & Africa, the usage of excavators covered more than 55% of the total construction equipment rental demand during 2015-2017. In the above regions, a majority of the excavators used were crawler-types and very few operations in construction job sites preferred wheeled excavators, especially compact wheeled excavators.
With growing infrastructure developments across the globe, the need for excavators was evident in almost every construction project. Thus, many rental companies across the globe continuously invest in purchasing new excavators to keep the average age of its excavator fleet at a potential of 2 to 3 years, to satisfy a wide customer demand, who are looking for advanced and efficient excavators.
For instance, Theisen Baumaschinen Mietpark GmbH & Co KG, one of the leading construction equipment rental companies in Germany, has recently purchased 32 new wheeled (12 units) and crawler excavators (20 units) from Doosan in 2018, to strengthen its rental equipment fleet for regional Theisen centers across Germany and in Vienna (Austria).
Asia-Pacific is Expected to Dominate the Construction Equipment Rental Market
The Asia-Pacific construction equipment rental market dominated the global market, with a market share of 36.70% in 2018.
Asia-Pacific is one of the largest markets that witnessed a boom in construction and infrastructural development, because of the growing emphasis by governments on developing infrastructure for a sustainable economy. This region has witnessed growth in the number of Special Economic Zones (SEZs), airports, metro construction, highway constructions, dams, hydroelectric projects, etc., in order to sustain high-level industrial activities, better connectivity, and growing energy demand. As a result, many international players are beginning to invest, and are setting up manufacturing facilities and distribution centers in the region to meet the growing demand and to capture the regional market. Construction machinery manufacturers, such as Liebherr, Caterpillar, Hitachi, and Sumitomo Corporation, offering rental services now face intense competition from numerous domestic and regional players, owing to competitive pricing and the availability of technologically advanced equipment.
Construction Equipment Rental Market Report Provides Comprehensive Analysis of:
- Functional market industry outline
- Up and downstream industry examination
- Channels and propositions believability
- Market challenge by key players
- Enhancement suggestions examination
Purchase this Report (Price 4250 USD for single user license) – https://www.industryresearch.co/purchase/14245258
- Market Dynamics – Drivers, Restraints, and Opportunities
- Market Segmentation – Types, Applications, Regions, and Technology
- Market Trends
- Competitive Landscape
- SWOT Analysis and Porter’s Five Forces Analysis
Detailed TOC of Construction Equipment Rental Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 INTRODUCTION to Market Drivers and Restraints
4.2 Market Drivers
4.3 Market Overview
4.4 Market Restraints
4.5 Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technology Trends (Including Autonomous and Connected Equipment Trends)
5 MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.1 Earthmoving Equipment
188.8.131.52 Other Earthmoving Equipment
5.1.2 Material Handling
184.108.40.206 Dump Trucks
5.2 By Drive Type
5.2.1 IC Engine
5.2.2 Hybrid Type
5.3.1 North America
220.127.116.11 Rest of North America
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific (including ASEAN Countries)
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle East & Africa
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Companies Market Share Analysis
6.1.2 Market Share
6.2 Company Profiles
6.2.1 Cramo Plc
6.2.2 HSS Hire Group Plc
6.2.3 Herc Rentals Inc.
6.2.4 CNH Industrial
6.2.5 Liebherr International AG
6.2.7 Sumitomo Corp.
6.2.8 Hitachi Construction Machinery (Hitachi Group)
6.2.9 Ashtead Group Plc
6.2.10 Kanamoto Co. Ltd
6.2.11 H&E Equipment Services Inc.
6.2.12 Ramirent plc
6.2.14 United Rentals Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 Price Variation Analysis of Construction Rental Equipment
9 Analysis on Replacement Rate of Construction Rental Equipment
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
Email: [email protected]
Our Other Reports: