Construction Equipment Rental Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Mar-2020 | List of Tables : 80 | List of Figures : 124 | No. of Pages : 170 | Report Code : FACT4643MR |

Construction Equipment Rental Market to Grow 1.6X

The exorbitant cost of construction equipment, coupled with expensive equipment maintenance services is set to give tailwinds to construction equipment rental services. Enhanced product offerings from original equipment manufacturers such as equipment service tracking, lift assist, 360 vision, and smart work lights are increasing the cost of construction equipment. On the back of this surging cost, and high capital intensive maintenance, construction companies, and contractors prefer rental services to cut costs and increase efficiency. The global construction equipment market is projected to grow at 4.5% CAGR from 2019 to 2029.

Earth Moving Machinery to Strengthen Demand for Construction Equipment Rental Services

Resurgent oil & energy exploration projects is driving the demand for earth moving machinery. This segment accounts for a majority share of more than 60% of the total market revenue. Budding ecosystem of small builders and contractors in developing economies is leading to high demand growth for earth moving machinery, as these builders/contractors prefer rental services over purchase costly equipment. However, the highest growth prospects can be traced to material handling machinery products. The material handling machinery segment is expected to grow at a healthy 6% CAGR through 2029.

construction equipment rental market 2

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North America Leads Global Sales, South Asia & Oceania offer Remunerative Prospects

North America accounts for the largest share of over 49% of the total market value. Early adopters in this region are witnessing a surge in mining and construction activities. For instance, shale gas exploration in countries such as the US and Canada drive the demand for earth moving machinery in this region. Similarly, the resurgent construction industry in major North American countries will drive the demand for construction equipment rental services during the forecast period. East Asia and South Asia & Oceania offers the most lucrative growth opportunities with an impressive 7% CAGR from 2109 to 2029. Booming infrastructure development in countries such as India, Indonesia, and China act as main drivers of demand for construction equipment rental services.

Onsite Services and Support to Gain Momentum

The market for construction equipment rental services is highly consolidated with top 5 organizations accounting for a majority market value share. Capacity expansion through procurement of new equipment, strategic partnerships, mergers, and acquisitions is projected to shape the competitive landscape during the forecast period. Onsite services and support is a prevalent strategy being adopted by major players in the market. Companies are also focusing on procuring the latest construction equipment to enhance their product portfolio.

Partner programs that enable construction equipment rental companies to provide onsite services and support act as a differentiating factor amid a highly competitive landscape. Major players that are currently operating in the construction equipment rental market are, but not limited to, United Rentals Inc., Herc Holdings Inc., Ashtead Group Plc, Aktio Corporation, Loxam Sas, Kanamoto Co. Ltd., Nishio Rent All Co. Ltd., H&E Equipment Services Inc., Nikken Corporation, Cramo Group, Ramirent Plc, Maxim Crane Works L.P., KiloutouSarens Nv, Taiyokenki Rental Co. Ltd., Ahern Rentals Inc., Boels Rental, and Speedy Hire Plc.

construction equipment rental market 1

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Global Construction Equipment Rental Market – Scope of the Report

The following report provides forecast and analysis of the global construction equipment rental market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and, according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global construction equipment rental market along with several macro-economic indicators. This newly published and insightful report on construction equipment rental sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global construction equipment rental market.

The report also comprises the study of current issues with end users and opportunities for construction equipment rental. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of construction equipment rental manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the construction equipment rental market provided in the report adds to the credibility of this exhaustive research study.

Global Construction equipment rental Market: In-Depth Assessment on Key Segments

The global construction equipment rental market is segmented on the basis of product type and region.

Product Type

Region

Earth Moving Machinery

North America

Material Handling Machinery

Latin America

Concrete & Road Construction Machinery

Europe

 

East Asia

 

South Asia & Oceania

 

Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.                  

Country-specific assessment on demand for construction equipment rental has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous construction equipment rental manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global construction equipment rental market. Some of the major competitors operating in the construction equipment rental market are United Rentals, Inc., Herc Holdings Inc., Ashtead Group Plc, Aktio Corporation, Loxam Sas, Kanamoto Co., Ltd., Nishio Rent All Co., Ltd., and others.

Global Construction Equipment Rental Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the construction equipment rental market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the construction equipment rental market, which includes global GDP growth rate, building and construction industry growth rate, and others. This report serves as an authentic resource of intelligence on the construction equipment rental market, enabling the readers to take fact-based decisions on the future direction of their businesses.

1. Global Construction Equipment Rental Market - Executive Summary

    1.1. Summary Of Key Findings

    1.2. Summary Of Key Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Opportunity Assessment

    1.5. Fact.MR Analysis And Recommendations

2. Global Construction Equipment Rental Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting The Market 

    3.2. Mega Trends

4. Key Success Factors

    4.1. Vertical Wise Uptake and Adoption Analysis

    4.2. Strategic Promotional Strategies 

5. Market Background 

    5.1. Global Construction Equipment Market Overview

    5.2. Key Construction Projects and Infrastructure Activities

    5.3. Global Construction Equipment Financing Outlook

    5.4. Global Construction Equipment Fleet Outlook

    5.5. What Market Participants are saying?

    5.6. Global Construction Industry Growth

    5.7. Key Growth Priorities in Global Construction Equipment Industry

    5.8. Construction Equipment Industry Growth Potential by Key Regions (BRIC & TRIAD)

    5.9. Rating of Top Five Core Construction Equipment Products - Current & Future Trends

    5.10. Regional Ranking of Product Characteristics Regarding Potential to be Distinctive in the Market

    5.11. Importance of Financial Services to Realize Growth Potential

    5.12. Growth Potential in Aftermarket Services

    5.13. Market Challenges for Construction Equipment across Regions

    5.14. Investment Feasibility Matrix (For Construction Equipment Rental Business)

    5.15. Recent Industry Developments 

    5.16. Market White Space Assessment And Opportunity Analysis

    5.17. Porter’s Five Forces Analysis

    5.18. Macro-Economic Factors

        5.18.1. Global GDP Growth Outlook

        5.18.2. Global Urbanization Growth Outlook

        5.18.3. Global Construction Sector Outlook

        5.18.4. Global Forestry and Agriculture Sector Outlook

        5.18.5. Global Mining Sector Outlook

        5.18.6. Global Industrial Sector Growth Outlook

        5.18.7. Top Companies Historical Growth 

        5.18.8. Global Number of Smart Cities

    5.19. Value Chain Analysis

        5.19.1. List Of Key Market Manufacturers 

        5.19.2. List Of Key Channel Partners 

        5.19.3. Profitability Margins 

    5.20. Market Dynamics 

        5.20.1. Drivers 

        5.20.2. Industry Challenges

        5.20.3. Opportunities

6. Global Construction Equipment Rental Market Size (US$ Mn) Analysis And Forecast, 2014-2029

    6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    6.2. Current And Future Market Value (US$ Mn) Forecast, 2019-2029

    6.3. Y-O-Y Growth Trend Analysis

7. Global Construction Equipment Rental Market Value Analysis And Forecast 2014-2029

    7.1. Global Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

        7.1.1. Earth Moving Machinery

        7.1.2. Material Handling Machinery

        7.1.3. Concrete & Road Construction Machinery

    7.2. Global Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Region

        7.2.1. North America

        7.2.2. Latin America

        7.2.3. Europe

        7.2.4. East Asia

        7.2.5. South Asia & Oceania

        7.2.6. MEA

8. North America Construction Equipment Rental Market Value Analysis And Forecast 2014-2029

    8.1. North America Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Country

        8.1.1. US

        8.1.2. Canada

    8.2. North America Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

        8.2.1. Earth Moving Machinery

        8.2.2. Material Handling Machinery

        8.2.3. Concrete & Road Construction Machinery

9. Latin America Construction Equipment Rental Market Value Analysis And Forecast 2014-2029

    9.1. Latin America Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Country

        9.1.1. Brazil

        9.1.2. Mexico

        9.1.3. Argentina

        9.1.4. Rest Of Latin America

    9.2. Latin America Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

        9.2.1. Earth Moving Machinery

        9.2.2. Material Handling Machinery

        9.2.3. Concrete & Road Construction Machinery

10. Europe Construction Equipment Rental Market Value Analysis And Forecast 2014-2029

    10.1. Europe Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Country

        10.1.1. Germany

        10.1.2. Italy

        10.1.3. France

        10.1.4. U.K.

        10.1.5. Spain

        10.1.6. BENELUX

        10.1.7. Russia

        10.1.8. Rest Of Europe

    10.2. Europe Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

        10.2.1. Earth Moving Machinery

        10.2.2. Material Handling Machinery

        10.2.3. Concrete & Road Construction Machinery

11. East Asia Construction Equipment Rental Market Value Analysis And Forecast 2014-2029

    11.1. East Asia Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Country

        11.1.1. China

        11.1.2. Japan

        11.1.3. South Korea

    11.2. East Asia Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

        11.2.1. Earth Moving Machinery

        11.2.2. Material Handling Machinery

        11.2.3. Concrete & Road Construction Machinery

12. South Asia & Oceania Construction Equipment Rental Market Value Analysis And Forecast 2014-2029

    12.1. South Asia & Oceania Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Country

        12.1.1. India

        12.1.2. Thailand

        12.1.3. Indonesia

        12.1.4. Malaysia

        12.1.5. Australia & New Zealand

        12.1.6. Rest Of SAO

    12.2. South Asia & Oceania Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

        12.2.1. Earth Moving Machinery

        12.2.2. Material Handling Machinery

        12.2.3. Concrete & Road Construction Machinery

13. Middle East & Africa  Construction Equipment Rental Market Value Analysis And Forecast 2014-2029

    13.1. Middle East & Africa Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Country

        13.1.1. GCC Countries

        13.1.2. Turkey

        13.1.3. South Africa

        13.1.4. Northern Africa

        13.1.5. Rest Of MEA

    13.2. Middle East & Africa Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

        13.2.1. Earth Moving Machinery

        13.2.2. Material Handling Machinery

        13.2.3. Concrete & Road Construction Machinery

14. Global Construction Equipment Rental Market – Emerging Countries Analysis

    14.1. Market Proportion Analysis, By Key Countries

    14.2. Global Vs. Country Growth Comparison

    14.3. China Construction Equipment Rental Market Value Analysis And Forecast 2014-2029 

        14.3.1. China Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

            14.3.1.1. Earth Moving Machinery

            14.3.1.2. Material Handling Machinery

            14.3.1.3. Concrete & Road Construction Machinery

    14.4. India Construction Equipment Rental Market Value Analysis And Forecast 2014-2029 

        14.4.1. India Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

            14.4.1.1. Earth Moving Machinery

            14.4.1.2. Material Handling Machinery

            14.4.1.3. Concrete & Road Construction Machinery

    14.5. Mexico Construction Equipment Rental Market Value Analysis And Forecast 2014-2029 

        14.5.1. Mexico Construction Equipment Rental Market Value Analysis 2014-2018 And Forecast 2019-2029, By Product Type

            14.5.1.1. Earth Moving Machinery

            14.5.1.2. Material Handling Machinery

            14.5.1.3. Concrete & Road Construction Machinery

15. Country Analysis - Construction Equipment Rental Market Analysis 2014-2018 And Forecast 2019-2029

    15.1. US Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.2. Canada Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.3. Brazil Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.4. Argentina Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.5. Germany Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.6. France Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.7. Italy Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.8. Spain Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.9. U.K. Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.10. BENELUX Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.11. Russia Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.12. Japan Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.13. South Korea Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.14. Thailand Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.15. Indonesia Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.16. Malaysia Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.17. Australia & New Zealand Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.18. GCC Countries Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.19. Egypt Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.20. South Africa Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

    15.21. Turkey Construction Equipment Rental Market Demand Analysis And Forecast By Product Type

16. Competitive Assessment

    16.1. Global Construction Equipment Rental Market Structure

    16.2. Global Construction Equipment Rental Market Competition - A Dashboard View

    16.3. Global Construction Equipment Rental Market Company Share Analysis

    16.4. Global Construction Equipment Rental Competitor Market Footprint Matrix

    16.5. Key Participants Market Presence (Intensity Mapping) By Region

17. Company Profiles

    17.1. United Rentals, Inc.

        17.1.1. Overview

        17.1.2. Product Portfolio

        17.1.3. Profitability By Market Segments (Product/Region)

        17.1.4. Sales Footprint

        17.1.5. Strategy Overview 

    17.2. Herc Holdings Inc.

        17.2.1. Overview

        17.2.2. Product Portfolio

        17.2.3. Profitability By Market Segments (Product/Region)

        17.2.4. Sales Footprint

        17.2.5. Strategy Overview 

    17.3. Ashtead Group Plc

        17.3.1. Overview

        17.3.2. Product Portfolio

        17.3.3. Profitability By Market Segments (Product/Region)

        17.3.4. Sales Footprint

        17.3.5. Strategy Overview 

    17.4. Aktio Corporation

        17.4.1. Overview

        17.4.2. Product Portfolio

        17.4.3. Profitability By Market Segments (Product/Region)

        17.4.4. Sales Footprint

        17.4.5. Strategy Overview 

    17.5. Loxam Sas

        17.5.1. Overview

        17.5.2. Product Portfolio

        17.5.3. Profitability By Market Segments (Product/Region)

        17.5.4. Sales Footprint

        17.5.5. Strategy Overview 

    17.6. Kanamoto Co., Ltd.

        17.6.1. Overview

        17.6.2. Product Portfolio

        17.6.3. Profitability By Market Segments (Product/Region)

        17.6.4. Sales Footprint

        17.6.5. Strategy Overview 

    17.7. Nishio Rent All Co., Ltd.

        17.7.1. Overview

        17.7.2. Product Portfolio

        17.7.3. Profitability By Market Segments (Product/Region)

        17.7.4. Sales Footprint

        17.7.5. Strategy Overview 

    17.8. H&E Equipment Services, Inc.

        17.8.1. Overview

        17.8.2. Product Portfolio

        17.8.3. Profitability By Market Segments (Product/Region)

        17.8.4. Sales Footprint

        17.8.5. Strategy Overview 

    17.9.  Nikken Corporation

        17.9.1. Overview

        17.9.2. Product Portfolio

        17.9.3. Profitability By Market Segments (Product/Region)

        17.9.4. Sales Footprint

        17.9.5. Strategy Overview 

    17.10.  Cramo Group

        17.10.1. Overview

        17.10.2. Product Portfolio

        17.10.3. Profitability By Market Segments (Product/Region)

        17.10.4. Sales Footprint

        17.10.5. Strategy Overview 

    17.11. Ramirent Plc

        17.11.1. Overview

        17.11.2. Product Portfolio

        17.11.3. Profitability By Market Segments (Product/Region)

        17.11.4. Sales Footprint

        17.11.5. Strategy Overview 

    17.12. Maxim Crane Works, L.P.

        17.12.1. Overview

        17.12.2. Product Portfolio

        17.12.3. Profitability By Market Segments (Product/Region)

        17.12.4. Sales Footprint

        17.12.5. Strategy Overview 

    17.13. Kiloutou

        17.13.1. Overview

        17.13.2. Product Portfolio

        17.13.3. Profitability By Market Segments (Product/Region)

        17.13.4. Sales Footprint

        17.13.5. Strategy Overview 

    17.14. Sarens Nv

        17.14.1. Overview

        17.14.2. Product Portfolio

        17.14.3. Profitability By Market Segments (Product/Region)

        17.14.4. Sales Footprint

        17.14.5. Strategy Overview 

    17.15. Taiyokenki Rental Co., Ltd.

        17.15.1. Overview

        17.15.2. Product Portfolio

        17.15.3. Profitability By Market Segments (Product/Region)

        17.15.4. Sales Footprint

        17.15.5. Strategy Overview 

    17.16. Ahern Rentals, Inc.

        17.16.1. Overview

        17.16.2. Product Portfolio

        17.16.3. Profitability By Market Segments (Product/Region)

        17.16.4. Sales Footprint

        17.16.5. Strategy Overview 

    17.17. Boels Rental

        17.17.1. Overview

        17.17.2. Product Portfolio

        17.17.3. Profitability By Market Segments (Product/Region)

        17.17.4. Sales Footprint

        17.17.5. Strategy Overview 

    17.18. Speedy Hire Plc 

        17.18.1. Overview

        17.18.2. Product Portfolio

        17.18.3. Profitability By Market Segments (Product/Region)

        17.18.4. Sales Footprint

        17.18.5. Strategy Overview 

18. Fact.MR Research Methodology

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Construction Equipment Rental Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029