Construction Equipment Rental Market Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026 - PowerPoint PPT Presentation

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Title: Construction Equipment Rental Market Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026


1
Construction Equipment Rental Market Study by
Regional Outlook and Competitive Landscape to 2026
  • Increasing investments by the private sector
    towards the development of new infrastructure
    will enhance the construction equipment rental
    industry outlook through the coming years.
    Several government authorities are working
    towards providing funds for the refurbishing and
    maintenance of the existing public
    establishments. As per reports, the global
    construction equipment rental market size will
    reach a yearly valuation of more than USD 155
    billion by 2026.
  • Equipment manufacturers, including Caterpillar,
    Inc., and Volvo Group are consistently offering
    construction equipment rental services to cater
    to the rising needs of the customers. Also, the
    influx of construction equipment rental software
    deployed with technologies like IoT, Digital
    Twins, and telematics is helping these rental
    providers to manage records pertaining to
    equipment usage and reduce downtime.

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2
  • The industry share from the material handling
    cranes segment is anticipated to reach a
    substantial level in the next few years. This can
    be attributed to the robust economic development
    across the globe that has led to a higher need
    for material movement. The rising concern towards
    safety in working environments across industrial
    facilities besides the expansion of verticals
    like wireless technologies, robotics, and
    flexible electronics will drive the adoption of
    rented concrete equipment cranes.
  • The rise in consumer awareness related to
    vehicular emissions has pushed the construction
    firms and their contractors to take up efforts to
    reduce their carbon footprint. This has resulted
    in increased adoption of electric construction
    equipment.
  • Furthermore, severe laws regarding labor safety
    have been implemented across various nations like
    Germany, France, and the U.K. The prominent
    presence of some of the leading construction OEMs
    like Liebherr Group and Volvo will drive the
    formation of various construction equipment
    rental associations in the continent.
  • The construction equipment rental companies are
    focused on RD investments to enhance their
    rental portfolio with advanced equipment to meet
    the surging client requirements. For instance,
    Boels Rental inked an investment of close to USD
    35 million in 2019, to upgrade its construction
    equipment rental fleet with novel JCB machines
    that are deployed with telematics technology.

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3
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4
  • Regional Analysis
  • Europe is a hub for numerous construction
    equipment rental businesses and the regional
    industry could observe an exponential CAGR
    through 2026. This can be owed to the growing
    efforts undertaken by the European Union (EU)
    towards the development of smart cities in the
    region. To elaborate, the EU is in the process to
    establish over 300 smart cities across Europe by
    the end of 2021.
  • Competitive Analysis
  • United Rentals, Inc., Mtandt Rentals Limited,
    Unirent LLC, Aktio Corporation, Ahern Rentals,
    Inc., and Caterpillar Inc. are some of the other
    participants in the industry. These firms are
    also keen on marketing strategies like mergers,
    partnerships, and acquisitions to expand their
    global presence and sustain competition. For
    instance, Able Equipment Rental, in December
    2020, acquired the equipment assets as well as
    service operations of New Jersey-based GAR
    Equipment.

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5
Latest Research Report On Construction Equipment
Rental Market _at_ https//www.gminsights.com/indust
ry-analysis/construction-equipment-rental-market
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
773
Request for customization https//www.gminsights
.com/roc/773
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