Construction Equipment Rental Market by Equipment (Earthmoving, Material Handling, Road Building & Concrete), Product (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Compactors, Concrete Pumps), Region - Global Forecast to 2024

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Date: 28-Aug-2019
No. of pages: 166
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The construction equipment rental market is projected to grow at a CAGR of 4.3% between 2019 and 2024

The construction equipment rental market is estimated to be USD 98.6 billion in 2019 and is projected to reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024.Growing infrastructure activities in emerging nations and developed construction equipment rental industry in North America and Europe is expected to drive the growth of construction equipment rental market during the forecast period. Preference towards rental for construction rather than purchase is expected to fuel the growth of construction equipment rental market during the forecast period.

The earth moving segment is projected to drive the market for construction equipment rental market during the forecast period

Based on equipment, the construction equipment rental market is categorized into earth moving, material handling, and road building & concrete. Among these, the earth moving segment is projected to lead the construction equipment rental market during the forecast period. This is due to the wide acceptability, mobility, and ease of operation, coupled with the high cost of excavators, making rental a more viable option.

Increasing infrastructure construction activities, such as roads, highways, metros, and airports are expected to drive the growth of the excavators segment of the construction equipment rental market

Based on product, the construction equipment rental market is segregated into excavators, backhoes, loaders, crawler dozers, cranes, concrete pumps, compactors, transit mixers, concrete mixers, and others. Among these, the excavators segment is projected to lead the market due to increase in infrastructure construction activities, such as roads, highways, metros, airports, bridges, along with refurbishment and redevelopment activities associated with residential construction. The cranes segment is projected to grow at the highest CAGR during the forecast period.

North America is estimated to account for the largest share of the market in 2019 and is also projected to lead during the forecast period

The North America region is projected to be the largest, whereas the Asia Pacific region is projected to grow at the highest CAGR in the construction equipment rental market during the forecast period. Increasing investments in construction and rising population in the Asia Pacific region are expected to lead to the increasing demand for construction equipment on rental basis, and the trend is expected to continue during the forecast period. Europe accounted for the second-largest market share in 2018, however, the Asia Pacific is expected to outrank Europe to become the second-largest construction equipment rental market by 2024.

Breakdown of primary interviews for the report on the construction equipment rental market


  • By Company Type – Tier 1– 20%, Tier 2–45%, and Tier 3–35%

  • By Designation – C-Level–20%,Director Level – 25%,and Others–55%

  • By Region – Europe- 50%, North America – 20 %, Asia Pacific– 15%,Latin America- 10%, Middle East & Africa – 5%


The globally leading construction equipment renting companies profiled in this report are United Rentals Inc. (US) (Belgium), United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), Kanamoto Co. Ltd.  (Japan), Nishio Rent All Co. Ltd (Japan), Nikken Corporation (Japan), and Ahern Rentals (US), among others.

Research Coverage:

The report covers the construction equipment rental market based on equipment, product, and region. This report aims at estimating the size and future growth potential of the construction equipment rental market across various segmentation types. The report also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Key Benefits of Buying the Report

From an insight perspective, this report focuses on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the construction equipment rental market, high-growth regions, and drivers, restraints, opportunities, and challenges in the construction equipment rental market.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on various types of construction equipment on a rental basis offered by top players operating in the construction equipment rental market.

  • Product Development/Innovation: Detailed insights into upcoming construction equipment rental based on type & weight lifting capacity, R&D activities, and new applications in various end-use industries in the construction equipment rental market.

  • Market Development: Comprehensive information about the lucrative and emerging markets.The report analyzes the markets for construction equipment rental across different regions.

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the construction equipment rental market.

  • Competitive Assessment: In-depth assessment of strategies, products, and fleet capabilities of leading players in the construction equipment rental market.

Construction Equipment Rental Market by Equipment (Earthmoving, Material Handling, Road Building & Concrete), Product (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Compactors, Concrete Pumps), Region - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Market
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders

2  Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interview
2.2 Market Size Estimation
2.2.1 Bottom Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations of the Research Study

3 Executive Summary
3.1 Introduction
3.2 Construction Equipment Rental Market, By Equipment
3.3 Construction Equipment Rental Market, By Product
3.4 Construction Equipment Rental Market, By Region

4 Premium Insights
4.1 Opportunities in the Construction Equipment Rental Market
4.2 Construction Equipment Rental Markets, By Product
4.3 Developed vs. Emerging Construction Equipment Rental Market
4.4 Construction Equipment Rental Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics (Short Term/Medium Term/Long Term With Impact)
5.2.1 Drivers
5.2.1.1 High Initial Cost of Construction Equipment
5.2.2 Restraints
5.2.2.1 Decrease in Construction Spending in the U.S.
5.2.3 Opportunities
5.2.3.1 Low Penetration of Rental Equipment in Asia-Pacific
5.2.4 Challenges
5.2.4.1 Electrification of Construction Equipment
5.3 Porters Five Force Analysis

6 Construction Equipment Rental Market – By Equipment
6.1 Introduction
6.2 Earthmoving
6.3 Material Handling
6.4 Road Building and Concrete

7 Construction Equipment Rental Market, By Product
7.1 Backhoes
7.2 Excavators
7.3 Loaders
7.4 Crawler Dozers
7.5 Cranes
7.6 Concrete Pumps
7.7 Compactors
7.8 Transit Mixers
7.9 Concrete Mixers

8 Others

9 Regional Analysis
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 Russia
9.3.3 Italy
9.3.4 France
9.3.5 U.K.
9.3.6 Spain
9.3.7 Sweden
9.3.8 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of Asia-Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Rest of Latin America
9.6 Middle East & Africa (MEA)
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping
10.2.1 Terminology/Nomenclature
10.2.1.1 Visionary Leaders
10.2.1.2 Dynamic Differentiators
10.2.1.3 Emerging Companies
10.2.1.4 Innovators
10.3 Market Player Rankings, 2018
10.4 Competitive Scenario
10.4.1 New Product Launches
10.4.2 Mergers & Acquisitions

11 Company Profiles
11.1 United Rentals Inc.
11.2 Herc Holdings Inc.
11.3 Ashtead Group Plc.
11.4 Aktio Corporations
11.5 Maxim Crane Works
11.6 Loxam Sas
11.7 Kanamoto Co. Ltd
11.8 Nishio Rent All Co. Ltd
11.9 H&E Equipment Services Inc.
11.1 Nikken Corporation
11.11 Cramo Group
11.12 Ramirent Plc.
11.13 Kiloutou
11.14 Taiyokenki Rental Co. Ltd.
11.15 Aher Rentals Inc.
11.16 Boels Verhuur
11.17 Coates Hire
11.18 Sunstate Equipment Company
11.19 Zeppelin Rental
11.20 Speedy Hire Plc
11.21 Liebherr Mietpartner
11.22 Hitachi Construction Machinery Japan Co. Ltd
11.23 Hss Hire
11.24 Ameco Inc.
11.25 Sarens Cranes

12 Appendix
12.1 Discussion Guide
12.2 Introducing RT:Real Time Market Intelligence
12.3 Industry Experts
12.4 Related Reports

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