Construction Equipment Rental Market 2017: Revenue, Opportunity, Application

1
Construction Equipment Rental Market Growth,
Application Analysis from 2017 to 2024
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Global Market Scenario of Construction Equipment
Rental Market

• With the rising number of construction activities
  and the subsequent requirement for heavy
  machinery, construction equipment rental market
  is set to grow at a remarkable pace. 
• Rental facilities help end-use sectors operate
  new and advanced machinery at an affordable
  price.
• In addition, the changing trends of the
  construction and industrial sectors regarding
  technologically advanced machinery will provide
  business opportunities to leading companies,
  thereby boosting construction equipment rental
  market.
• The globe is also witnessing a steady rise in the
  number of infrastructure renovation activities in
  various civil sectors, which will augment
  construction equipment rental industry
  considerably.

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Continue-

• Of late, rental agencies offer varied equipment
  incorporated with advanced features such as
  ergonomic controls, remote monitoring, GPS
  system, and quick change linkage. GPS equipped
  machinery helps to enhance vehicle performance
  and management.
• Rental equipment suppliers are focusing on
  customer satisfaction to attract a wider range of
  consumers by providing on-time delivery, high
  product quality, scheduled pick-ups, and enhanced
  response time, which in turn, will stimulate
  construction equipment rental industry size
  considerably.

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U.S. Construction Equipment Rental Market size,
by product, 2013-2024 (USD Billion)
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360 Industry Analysis

• Based on the product trends, construction
  equipment rental market is mainly divided into
  material handling machinery, earthmoving
  machinery, and concrete road construction.
  Surging investment in infrastructure development
  such as road, dams, and power plants will augment
  the product demand. Concrete road construction
  equipment rental market generated a revenue of
  USD 10 billion in 2015 and will exhibit a
  significant growth rate over the coming seven
  years.

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• Regional Analysis
• In Asia Pacific, China construction equipment
  rental market collected a revenue of USD 3
  billion in 2015 and is anticipated to exhibit
  substantial growth over the coming seven years.
  The rapid commercialization and urbanization
  across China coupled with favorable government
  support and an ever-growing population will
  generate lucrative avenues for the business over
  the coming timeframe. The need for privatization
  in the construction sector will also augment the
  growth of construction equipment rental market.
• Competitive Analysis
• The key participants in construction equipment
  rental market are Sunbelt Rentals, United
  Rentals, Neff Rental LLC., The Hertz Corporation,
  Ahern Rentals, Terex Corporation, Gemini
  Equipment, Maxim Crane Works, Weldex
  International Offshore Ltd, and Komatsu Limited.

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