Construction Equipment Rental Market: Analyzing the Industry's Growth and Challenges
Global Construction Equipment Rental Market Research by Emerging Research is a comprehensive compilation of relevant data on the keyword industry. The report provides in-depth research on the variables influencing both the industry's and the Construction Equipment Rental Market's growth. The positives and cons of the pandemic for the keyword business are discussed in length in the paper. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. The report discusses the Construction Equipment Rental Market segment and provides a detailed description of the Construction Equipment Rental Market volume and valuation. The Construction Equipment Rental Market scenario for the current period and the projected timeframe from 2022 to 2030 are both covered in depth in this report. The dynamics of the keyword industry have changed due to economic volatility and supply chain disruptions.
The global construction equipment rental market size reached USD 104.46 Billion in 2021, and is expected to register a revenue CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. High maintenance cost of construction equipment is a key factor driving revenue growth of the global construction equipment rental market.
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The keyword research report also includes an in-depth analysis of the key players in the market, as well as their implemented company expansion, strategic planning, and business overview plans. This helps readers and business owners create plans for strategic investment and expansion. The study focuses on business and government transactions, as well as mergers and acquisitions, joint ventures, collaborations, and partnerships. The expansions that these well-known firms are vying for in the key market areas are also discussed in the report. The examination of the technological and product developments made by these companies is the main emphasis of the report.
The research also discusses obstacles, risks to the market, restrictions, and other elements that may impede the expansion of the keyword industry. The market in foreign waters and the new trends in those areas are also covered in detail in the research. In order to provide a thorough picture of the Construction Equipment Rental market landscape, it also provides insights into the competitive landscape, market drivers, industrial scenario, and the most recent product and technology breakthroughs.
The key companies studied in the report are:
Loxam Group, United Rentals, Inc.,, Mtandt Rentals Limited, Cramo PLC., Nesco Rentals, The Hertz Corporation, Boels Rentals, Unirent LLC, Caterpillar Inc., Ahern Rentals, Inc.
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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On the basis of type, the market is segmented into
Equipment Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
Earthmoving
Material Handling
Road Building
Concrete
Product Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
Excavators
Cranes
Backhoes
Crawler Dozers
Concrete Pumps
Application Outlook (Revenue: USD Billion; Volume: Million Units; 2017–2027)
Real Estate
Commercial Estate
Transport Power & Energy Infrastructure
Others
Additionally, the report's charts, tables, graphs, figures, and diagrams convey the analytical data in an orderly manner. Because of this, it is simpler for readers to understand the market situation in a useful way. In order to help the reader, make wise business decisions, the study also attempts to offer a forward-looking viewpoint and an informative conclusion. A thorough SWOT and Porter's Five Forces analysis of the market segments expected to dominate the market, regional division, estimated market size and share, and more are included in the report's conclusion.
The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Construction Equipment Rental market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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