Construction Equipment Rental Market Global Forecast to 2024 - PowerPoint PPT Presentation

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Construction Equipment Rental Market Global Forecast to 2024

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Construction Equipment Rental Market research report categorizes the global market by Equipment (Earthmoving, Material Handling, Road Building & Concrete), Product (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Compactors, Concrete Pumps) & by Geography. – PowerPoint PPT presentation

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Title: Construction Equipment Rental Market Global Forecast to 2024


1
Construction Equipment Rental Market worth 121.6
billion by 2024
The report "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 from
USD 98.6 billion in 2019 to reach USD 121.6
billion by 2024, at a CAGR of 4.3 from 2019 to
2024. 
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om/Market-Reports/construction-equipment-rental-ma
rket-225391699.html
2
Introduction
Increasing building construction activities,
especially in China, Japan, and India, recovering
construction sector in Europe, increasing rental
penetration in North America, coupled with shift
in trend towards rental due to various
cost-benefits is expected to drive the growth of
construction equipment rental market during the
forecast period. Earthmoving construction
equipment accounted for the largest share of the
construction equipment rental market in 2018 due
to the wide application in building
construction activities. Earthmoving equipment is
high-value, requiring significant capital
investments for the installation and maintenance
of equipment fleets. Contractors prefer renting
equipment instead of purchasing as this enables
them to use the capital, which otherwise would
have been invested in the purchase of equipment.
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3
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om/Market-Reports/modular-chillers-market-75609903
.html
4
Recent Developments
  • In August 2019, Ahern Rentals started its
    operational facility in Argentina. Located in
    Buenos Aires, Ahern Argentina is the eighth Ahern
    International business to open, joining Ahern
    Australia, Ahern Canada, Ahern Chile, Ahern
    Deutschland, Ahern Ibérica, Ahern Ireland, and
    Ahern Japan, and is the second Ahern
    International entity in Latin America. Focused on
    supporting the Argentinian market, the company
    specializes in sales, service, and spare parts
    for Xtreme Manufacturing telehandlers, Snorkel
    aerial work platforms, and Ruthmann Bluelift
    tracked spider lifts.
  • In July 2018, Maxim Crane Works, L.P. acquired
    the assets of Cincinnati-based Tri-State Crane.
    This acquisition is a strategic move which helped
    expand Maxim's existing tri-state area operations
    and facilitate continuous growth in the region.
  • In November 2018, Sarens NV launched the largest
    crane SGC-250 (Sarens Giant Crane - 250) in the
    world in terms of size and capacity. It is the
    first 3rd generation ring-based crane with
    maximum load moment of 250.000Tm which allows
    lifting 5.000T. Even at a large radius of 100m,
    the crane is capable of lifting 2.000T. With the
    launch of this product, the company captured the
    extreme heavy lifting segment of the market.

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rket-225391699.html
5
Key Questions Addressed by the Report
  • What are the future revenue pockets in the
    construction equipment rental market?
  • Which key developments are expected to have a
    long-term impact on the construction equipment
    rental market?
  • Which type of construction equipment with
    specific weight lifting capacity is expected to
    cannibalize existing markets? 
  • How is the current regulatory framework expected
    to impact the market?

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6
Most active players in the modular chillers
market
Key players in the construction equipment rental
market, such as United Rentals Inc. (US), Ashtead
Group Plc (UK), Loxam (Paris), Herc Holdings Inc.
(US), Aktio Corporation (Japan), Nishio Rent All
Co. Ltd. (Japan), and Kanamoto Co. Ltd.  (Japan),
among others, are considered for the study.  
Speak with Analyst
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7
On The Basis Of Region
North America is projected to be the largest
market Based on region, the construction
equipment rental market is categorized into North
America, Europe, Asia Pacific, the Middle East
Africa, and Latin America. Among these, North
America accounted for the largest share of the
market in 2018 and is expected to continue in the
same trend during the forecast period due to
increase in building construction activities in
the region, coupled with favorable policies which
lead to the demand for construction equipment
rental. The market in the Asia Pacific is
projected to grow at the highest CAGR during the
forecast period.
Download PDF
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8
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9
About Us
MarketsandMarkets provides quantified B2B
research on 30,000 high growth emerging
opportunities/threats which will impact 70 to
80 of worldwide companies' revenues. Currently
servicing 7500 customers worldwide including 80
of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight
industries worldwide approach Markets and
Markets for their pain points around revenues
decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
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10
How Markets Markets is different?
  • Most-detailed market segmentation in the industry
  • In-depth analysis of patents and profiles of key
    market players providing a competitive landscape
  • Market data for segments such as technologies,
    services applications across geographies
  • High level analysis of major market segments and
    identification of opportunities.

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11
Thank You
Contact Us Mr. Shelly Singh MarketsandMarkets
INC. 630 Dundee Road, Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarke
ts.com
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