Construction Equipment Rental Market Performance: Size, Share, Growth, and Trends

Fortune business insights recently published a detailed market research study focused on the “The construction equipment rental market share Report 2024” delivering key insights and providing a competitive advantage to clients through a detailed report. Construction Equipment Rental Market Size, Share & Industry Analysis, By Equipment Type (Earthmoving Equipment, Material Handling Equipment, Concrete & Road Building Equipment, and Others), By Application (Residential, Commercial, and Industrial), and Regional Forecast, 2022-2029

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The competitive landscape of the market for construction equipment rental market is determined by assessing the major industry participants, production capacity, production capacity utilization rate, construction equipment rental marketM’s production chain, pricing by each manufacturer and the revenue generated by each manufacturer in the construction equipment rental marketM globally.

Top key players of construction equipment rental market:

United Rentals, Inc. (U.S.)Loxam (France)Sunbelt (U.S.)Taiyokenki Rental Co., Ltd. (Japan)AKTIO Corporation (Japan)Herc Rentals Inc. (U.S.)Ahern Rentals. (U.S.)H&E Equipment Services, Inc. (U.S.)Nikken Corporation (Japan)Nishio Rent All Co. Ltd. (Japan)

Market atributes:

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Drivers and restraints:

Drivers: Cost Savings: Renting construction equipment reduces upfront capital expenditures and ongoing maintenance costs for businesses, providing financial flexibility. Increased Demand for Infrastructure Projects: The rise in infrastructure and construction projects drives the need for flexible and accessible equipment rental solutions. Technological Advancements: Modern rental fleets offer advanced and efficient equipment, including GPS and telematics, enhancing productivity and safety on job sites. Short-Term Project Needs: The growing trend of short-term and project-based construction work boosts the demand for rental equipment instead of long-term ownership. Maintenance and Support Services: Rental companies often provide comprehensive maintenance and support, ensuring well-maintained equipment and reducing downtime for renters. Restraints: High Rental Costs: The cumulative cost of renting equipment over time can become significant, potentially impacting the overall project budget. Availability and Logistics: Equipment availability and logistical challenges can sometimes cause delays and affect project timelines. Maintenance Responsibilities: Renters are often responsible for routine maintenance and ensuring equipment is returned in good condition, which can be burdensome. Economic Fluctuations: Economic downturns can lead to reduced construction activity and lower demand for rental equipment, affecting rental companies' revenue. Competition and Pricing Pressure: Intense competition among rental companies can lead to pricing pressures and reduced profit margins for equipment rental businesses.

Regional analysis:

North America (By Equipment Type, By Application, By Country)U.S. (By Equipment Type)Canada (By Equipment Type)Europe (By Equipment Type, By Application, By Country)U.K. (By Equipment Type)Germany (By Equipment Type)France (By Equipment Type)Italy (By Equipment Type)Rest of EuropeAsia Pacific (By Equipment Type, By Application, By Country)China (By Equipment Type)Japan (By Equipment Type)India (By Equipment Type)Southeast Asia (By Equipment Type)Rest of Asia PacificMiddle East & Africa (By Equipment Type, By Application, By Country)GCC Countries (By Equipment Type)South Africa (By Equipment Type)Rest of Middle East and AfricaLatin America (By Equipment Type, By Application, By Country)Brazil (By Equipment Type)Mexico (By Equipment Type)Rest of Latin America

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