Construction Equipment Rental Global Market Report 2023

Description

“Construction Equipment Rental Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on construction equipment rental market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for construction equipment rental? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The construction equipment rental market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Equipment: Earthmoving; Material Handling; Road Building And Concrete

2) By Product: Backhoes; Excavators; Loaders; Crawler Dozers; Cranes; Concrete Pumps; Compactors; Transit Mixers; Concrete Mixers

3) By Application: Residential; Commercial; Industrial

Companies Mentioned: H&E Equipment Services Inc; Maxim Crane Works L.P.; Boels Rentals; United Rentals Inc.,; Ashtead Group PLC.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the construction equipment rental market are: H&E Equipment Services, Inc., Maxim Crane Works, L.P., Boels Rentals, United Rentals Inc., Ashtead Group PLC., Loxam, Herc Holdings Inc., Aktio Corporation, Kanamoto Co. Ltd., Taiyokenki Rental Co., Ltd., Cramo, Ramirent PLC., Kiloutou, Speedy Hire PLC., Nishio Rent All Co. Ltd., The Hertz Corporation, Ahern Rentals, and Nikken Corporation

The global construction equipment rental market grew from $95.23 billion in 2022 to $100.1 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction equipment rental market is expected to grow to $121.76 billion in 2027 at a CAGR of 5.0%.

The construction equipment rental market consists of revenues earned by entities that rent out construction-related machinery, equipment, and tools to other contractors and professionals for a flat rate on a daily, weekly, or monthly basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Construction equipment rental refers to the service of renting out small and large construction equipment required for the execution, completion, and maintenance of construction work. Renting construction equipment saves construction contractors the cost of new equipment, labour costs, maintenance costs, and operational costs.

North America was the largest region in the construction equipment rental market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main construction rental equipment includes earthmoving, material handling, road building, and concrete. Earthmoving construction equipment moves soil and other material on heavy construction sites in preparation for constructing buildings. The different construction equipment rental products include backhoes, excavators, loaders, crawler dozers, cranes, concrete pumps, compactors, transit mixers, and concrete mixers, which are used in residential, commercial, and industrial applications.

The growing construction industry is expected to propel the growth of the construction equipment rental market going forward. The construction industry is rising because of ongoing urbanization, impending infrastructural projects, and a growing population base. The construction sector uses a variety of construction equipment such as tower cranes, bulk material handling, transit mixers, batching plants, concrete pumps, and others. Renting this equipment helps contractors reduce the cost of purchase and maintenance. According to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Hence, the growing construction industry will drive the growth of the construction equipment rental market.

Replacing conventional equipment with telematics-integrated machinery is a rising trend in the construction equipment market. Telematics is integrated into the construction equipment for GPS fleet tracking, maximizing fleet utilization, safeguarding equipment from theft, improving billing, equipment utilization, and others. For instance, in 2020, Appareo, a US-based manufacturer of electronic and software solutions, launched a cellular asset tracking device for off-highway equipment called AT-130 (IP69K). The device is embedded with GPS and cellular capabilities have a high battery life and can withstand high pressure. The high-performance positioning and motion-sensing capabilities ensure that motion-based reporting is done based on true machinery repositioning, which helps to extend the battery life of the equipment and reduce false alarms.

In October 2022, H&E Equipment Services, Inc., a US-based integrated equipment company that provides equipment rentals, sales, parts, and service, acquired One Source Equipment Rentals Inc for an undisclosed amount. This acquisition will help H&E Equipment Services, Inc expand its presence in Illinois, Indiana, and Kentucky by adding 10 equipment rental locations. One Source Equipment Rentals Inc is a US-based supplier of construction and industrial equipment on rent.

The countries covered in the construction equipment rental market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The construction equipment rental research report is one of a series of new reports from The Business Research Company that provides construction equipment rental statistics, including global market size, regional shares, competitors with construction equipment rental shares, detailed construction equipment rental segments, market trends and opportunities, and any further data you may need to thrive in the construction equipment rental industry. This construction equipment rental research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r4236

1. Executive Summary

2. Construction Equipment Rental Market Characteristics

3. Construction Equipment Rental Market Trends And Strategies

4. Construction Equipment Rental Market - Macro Economic Scenario

4.1 COVID-19 Impact On Construction Equipment Rental Market
4.2 Ukraine-Russia War Impact On Construction Equipment Rental Market
4.3 Impact Of High Inflation On Construction Equipment Rental Market

5. Construction Equipment Rental market Size And Growth

5.1. Global Construction Equipment Rental Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Construction Equipment Rental Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Construction Equipment Rental market Segmentation

6.1. Global Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Earthmoving
Material Handling
Road Building And Concrete
6.2. Global Construction Equipment Rental market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Backhoes
Excavators
Loaders
Crawler Dozers
Cranes
Concrete Pumps
Compactors
Transit Mixers
Concrete Mixers
6.3. Global Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Residential
Commercial
Industrial

7. Construction Equipment Rental market Regional And Country Analysis

7.1. Global Construction Equipment Rental market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Construction Equipment Rental market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Construction Equipment Rental market

8.1. Asia-Pacific Construction Equipment Rental market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Construction Equipment Rental market

9.1. China Construction Equipment Rental market Overview
9.2. China Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Construction Equipment Rental market

10.1. India Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Construction Equipment Rental market

11.1. Japan Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Construction Equipment Rental market

12.1. Australia Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Construction Equipment Rental market

13.1. Indonesia Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Construction Equipment Rental market

14.1. South Korea Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Construction Equipment Rental market

15.1. Western Europe Construction Equipment Rental market Overview
15.2. Western Europe Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Construction Equipment Rental market

16.1. UK Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Construction Equipment Rental market

17.1. Germany Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Construction Equipment Rental market

18.1. France Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Construction Equipment Rental market

19.1. Eastern Europe Construction Equipment Rental market Overview
19.2. Eastern Europe Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Construction Equipment Rental market

20.1. Russia Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Construction Equipment Rental market

21.1. North America Construction Equipment Rental market Overview
21.2. North America Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Construction Equipment Rental market

22.1. USA Construction Equipment Rental market Overview
22.2. USA Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Construction Equipment Rental market

23.1. South America Construction Equipment Rental market Overview
23.2. South America Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Construction Equipment Rental market

24.1. Brazil Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Construction Equipment Rental market

25.1. Middle East Construction Equipment Rental market Overview
25.2. Middle East Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Construction Equipment Rental market

26.1. Africa Construction Equipment Rental market Overview
26.2. Africa Construction Equipment Rental market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Construction Equipment Rental market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Construction Equipment Rental market Competitive Landscape And Company Profiles

27.1. Construction Equipment Rental market Competitive Landscape
27.2. Construction Equipment Rental market Company Profiles
- 27.2.1. H&E Equipment Services, Inc
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Maxim Crane Works, L.P.
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Boels Rentals
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. United Rentals Inc.
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Ashtead Group Plc
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Construction Equipment Rental market

29. Construction Equipment Rental market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer