Construction Equipment Rental Market 2020 – 2026 | In-depth Analysis by Driving Factors with Leading Players - PowerPoint PPT Presentation

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Construction Equipment Rental Market 2020 – 2026 | In-depth Analysis by Driving Factors with Leading Players

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Massively driven by the ongoing construction activities across the globe, worldwide construction equipment rental market is expected to observe prolific gains during 2020-2026. – PowerPoint PPT presentation

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Title: Construction Equipment Rental Market 2020 – 2026 | In-depth Analysis by Driving Factors with Leading Players


1
Construction Equipment Rental Market 2020 2026
In-depth Analysis by Driving Factors with
Leading Players
  • Massively driven by the ongoing construction
    activities across the globe, worldwide
    construction equipment rental market is expected
    to observe prolific gains during 2020-2026.
    According to the estimates put forth by
    Institution of Civil Engineers, the global
    construction industry is expected to grow up to
    8.5 per cent recording a valuation of USD 15.5
    trillion globally, by the end of 2030. The growth
    is also fostered by the increasing demand for
    completion of construction projects that has
    prompted various industry behemoths to rent
    equipment considering its benefits such as
    reduction in maintenance, installation, and
    technical changes.
  • What has further impelled the growth of
    construction equipment rental market size is the
    intervention of government reforms and
    investments. Government organizations worldwide,
    have been laying immense focus on the
    refurbishment of current infrastructures and
    commencing new construction projects to ensure
    the overall economic development.

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  • Moreover, growing investments in public
    infrastructure development projects like metro
    stations, airports, roads, highways, and others
    by the governmental bodies would potentially
    drive the construction equipment rental business
    dynamics.
  • The spending in renovation of government owned
    structures across the leading economies including
    China, Brazil, and India would add to the rise in
    adoption of concrete equipment, thereby fueling
    the construction equipment rental industry
    trends. The Indian government, for instance,
    initiated a road development program for the
    North Eastern region. Apparently, Phase A of the
    framed project, which is expected to be completed
    by 2021, includes upgradation of nearly 4099 km
    of roads with an economic budget of 3.3 billion.
    This move would produce an upsurge in the demand
    for concrete equipment such as concrete pumps,
    transit mixers, and crushers over the stipulated
    timeframe.
  • Elaborating further on the regional outlook, the
    rising government investments for smart city
    development projects across the European states,
    would exceptionally impel the regional
    construction equipment rental market growth.
    Speaking on these lines, the European government
    has been significantly laying out plans on
    developing over 200 smart cities by the end of
    2020, paving way for tremendous opportunities for
    the industry growth.

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  • Regional Analysis
  • European construction equipment rental market is
    also driven by the rising need for LEED-certified
    building construction, thereby providing a thrust
    to the increased deployment of electric and
    automated construction machinery across the
    region in the upcoming years. Additionally,
    various equipment manufacturing industries,
    across Europe, are looking forward to launching
    electric models of construction equipment with an
    intention of supporting the adoption of
    zero-emission equipment.
  • Competitive Analysis
  • The global construction equipment rental market
    is highly fragmented and hosts the presence of
    leading market players including Nesco Rentals,
    United Rentals, Inc, Caterpillar Inc., Aktio
    Corporation, Mtandt Rentals Limited, and several
    others.

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Latest Research Report On Construction Equipment
Rental Market _at_ https//www.gminsights.com/indust
ry-analysis/construction-equipment-rental-market
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