Construction Equipment Rental Market share by applications and regions for 2018- 2024

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Construction Equipment Rental Market growth
drivers in 2018 Challenges by 2024
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• Overview

• Owing to a surge in the demand for compaction
  equipment, loaders, excavators, and backhoes, the
  product segment of the Construction Equipment
  Rental Market is being presently dominated by
  earthmoving and road building equipment. It would
  be prudent to mention that a steady stream of new
  earthmoving machines has been spanning the market
  in the recent times.
• In addition to this, rapid technological
  developments have undoubtedly enhanced the
  working efficiency of the latest road building
  equipment which has invariably proved
  advantageous for the construction equipment
  rental market share.
• A steady rise in the construction activities
  across the globe has been one of the pivotal
  factors to drive the construction equipment
  rental market share. Numerous rental equipment
  manufacturers have been proactive in
  incorporating high-grade technical features such
  as GPS, remote monitoring, and ergonomic controls
  that has contributed to swift product penetration
  in the construction sector.

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• Speaking along similar lines, several major
  heavy-equipment manufacturers have been unveiling
  high-grade excavators which has strengthened the
  position of earthmoving and road building
  equipment segment in the overall construction
  equipment rental industry.
• Hitachi, for instance, has launched one of the
  most fuel-efficient excavator in 2017. The
  ZH210-6 reportedly comes with a new lightweight
  arm and advanced hydraulics which ensures the
  excavator consumes less fuel and emit reduced
  levels of carbon dioxide.
• Moreover, various governments across the globe
  are keen to revamp the basic infrastructure in
  their nations which has led to the launch of
  enormous infrastructural projects. As a
  consequence of the aforementioned aspects, the
  firms operating in the construction equipment
  rental industry have been presented with
  humongous business opportunities.

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• 360 Analysis

• Apparently, it goes without saying that the
  unveiling of such environment-friendly and
  highly-efficient machines highlight the
  technological upgradations being undertaken by
  construction equipment rental market players in
  the recent past. As per reliable estimates, the
  earthmoving and road building equipment
  apportioned a significant 65 of the total
  revenue share of the overall industry in the year
  2017 and is anticipated to grow at a similar pace
  in the upcoming years.
• The rise of India and China as the foremost
  nations in the global economy has been touted as
  one of the most significant economic developments
  of the 21st century. The persistent growth being
  witnessed in these nations is certain to dominate
  the future progression of the world economy over
  the next few decades. Needless to mention, the
  construction sector places itself amongst the
  most crucial business verticals that would not
  only contribute in building infrastructural
  capabilities of these nations but is likely to
  emerge as a noteworthy aspect of economic
  advancement. In this context, the expansion of
  construction sector in the major Asian nations is
  directly proportional to the growth of Asia
  Pacific construction equipment rental market in
  the times to come. In fact, as per a research
  report put together by Global Market Insights,
  Inc., the remuneration portfolio of the Asia
  Pacific construction equipment rental industry is
  estimated to surpass a staggering USD 40 billion
  by 2024.

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Competitive Trends

• The notable industries in Construction Equipment
  Rental Market are
• Cramo PLC,
• Ashtead Group,
• Blueline Rental LLC,
• Nesco Rentals,
• Riwal,
• Herc Holdings,
• Caterpillar, Inc.,
• Shanghai Hongxin Equipment Engineering Co.,
• Ahern Rentals, Inc

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