Construction Equipment Rental Market Trends 2015 To 2022 by Grand View Research, Inc.

The construction equipment rental market is expected to reach USD 84.60 billion by 2022, according to a new study by Grand View Research, Inc.
Availability of wider range of modern, productive machinery in rental fleets coupled with infrastructural development occurring at brisk pace is projected to drive demand. Significant factors such as the cost inflation associated with the replacement of equipment and the technical changes pertaining to machinery requirement has positively favored rental demand. Environmental and safety issues make it more economical. Further, considerable shift towards renting over buying due to less immobilized capital, low maintenance, improved cost control and reduction in transportation fleets are expected to boost revenue growth over the forecast period.
Stringent regulations, financial constraints and increasing cost of ownership makes it a considerable alternative for various government authorities, contractors and other users. The manufacturers are aggressively focused on providing tailored solutions and financial packages in order to meet the requirement of individual customers which is further projected to drive growth over the forecast period.
Reduced burden of upfront investment, and eliminated risk of expensive breakdown repairs, is expected to offer lucrative growth opportunities. For instance, over 80% of the machinery sold in the UK goes to the plant hire companies.

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 U.S. construction equipment rental market by product, 2012 – 2022 (USD Million)

Further key findings from the study suggest:

• Earthmoving machinery rental market accounted for over 55% of the overall revenue in 2014. Growing demand for heavy machinery from developing countries is estimated to drive the segment growth. Emergence of advanced products with low maintenance and eco-friendly features are projected to outcast traditional products over the forecast period.
• North America construction equipment rental industry in 2014 is estimated to grow at a CAGR of over 10% from 2015 to 2022. Strong economic recovery coupled with increasing investments is projected to compliment demand across this region. However, increasing investments in Eastern Europe combined with volatile energy pricing and regulations is estimated to offer prominent opportunities across the European region. Residential sector is estimated to grow substantially across the Europe Central owing to new building start-ups and improved consumer confidence.
• Asia Pacific construction equipment rental market accounted for over 27% of the overall revenue in 2014. Substantial growth is estimated to be witnessed across countries such as China owing to government requirements of state-owned enterprises for operating efficiently from a financial perspective, continued privatization of the industry, increased health and safety regulation and increasing labor costs.
• Construction equipment rental market share is occupied by companies such as United, Loxam Group, Sunbelt, Finning International and Neff. Key vendors have been reinforcing their foundations in the presence of increasing demand and rising costs. Total value of construction, R&D expenditure, increasing regulations and import competition are few factors influencing the product price and firms to evaluate their purchasing strategies.

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Market Report - Network Access Control Market Size, Company Share To 2022: Grand View Research, Inc.

The global NAC market size is expected to reach USD 4.39 billion by 2022, according to a new report by Grand View Research, Inc. Technological proliferation and demand for endpoint intelligence& risk mitigation have led to high demand for NAC solutions. A significant rise in the use of Internet-of-Things (IoT) and Machine to Machine (M2M) networks is expected to trigger growth in the industry. Network Access Control is being perceived as a solution proficient of addressing the dynamic enterprise and regulatory scenario.
The market is anticipated to gain traction in North America as several vendors are keen on investing in the network access control solutions. It is perceived to be a highly lucrative business which leads to several large-scale investments contributing to significant growth in the region.
Presence of developing countries such as India and China presents several opportunities for growth in the Asia Pacific region. Cloud-based social and mobile technologies are being adopted extensively in the region. Hence, the NAC solutions are expected to gain traction in the Asia Pacific region.
Online frauds, cyber attacks, and malwares can immensely affect organizational functioning; hence, web-based businesses are widely implementing security solutions to manage network security risks to ensure business continuity.
Governmental organizations and agencies are increasingly adopting Network Access Control solutions to filter unauthorized device connections, networks, and users. Regulatory compliance requirements such as Payment Card Industry Data Security Standard (PCI DSS) and Control Objectives for Information and Related Technology (COBIT) are driving market growth.
The ever-increasing demand for secure network infrastructure is anticipated to drive the need for effective NAC solutions to provide real-time network security. Web-based businesses are experiencing tremendous growth and it has led to the expansion of e-commerce websites. These websites demand highly protected infrastructure for carrying out safe and secure transactions.
The advent of online banking has taken the BFSI vertical by storm. These institutions constantly demand for high-end technology to help them combat against hackers and malwares. The NAC industry is expected to benefit impressively in this vertical. Financial institutions and IT and telecommunication companies have emphasized on endpoint intelligence and risk management efforts. These steps are expected to boost industry growth.
Several vendors have focused on adding functionalities such as pre-connect and post-connect to these controls. Major efforts are being made in resolving the interoperability issues of NAC. Key players dominating the network access control ecosystem are Check Point Software Technologies, Bradford Networks, Aruba Networks, Portnox, Juniper Networks, ForeScout, Cisco, Sophos, StillSecure, Pulse Secure, and Trustwave.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/network-access-control-market

 North America market revenue by end-use, 2012-2022, (USD Million)

 Further key findings from the report suggest:

• Software solutions accounted for over 40% of the overall market share in 2014, and are expected to trigger consistent demand over the forecast period. These solutions help in controlling, defining, and implementing secure access policies to network nodes and terminals.
• Projected to grow at an estimated CAGR of over 29% from 2015 to 2022, BFSI vertical is expected to witness healthy growth. Use of NAC products provides secure network infrastructure and ensures business-continuity.
• Asia Pacific regional market is on the brink of high growth throughout the forecast period. It accounted for close to 17% of the overall revenue share in 2014. Increasing adoption of cloud based and mobile technologies is leading to proliferation of Network Access Control.

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Grand View Research has segmented the global Network Access Control market on the basis of type, service, end-use, and region:

Network Access Control Type Outlook (Revenue, USD Million, 2012 – 2022)

• Hardware
• Software

Network Access Control Service Outlook (Revenue, USD Million, 2012 – 2022)

• Integration
• Training, support, and maintenance
• Professional

Network Access Control End-Use Outlook (Revenue, USD Million, 2012 – 2022)

• BFSI
• Government
• Academia
• Healthcare
• Manufacturing
• IT and telecommunications
• Others

Network Access Control Regional Outlook (Revenue, USD Million, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• MEA
• Latin America

Car Rental Market Forecast Report To 2022: Grand View Research, Inc.

The global car rental market size is expected to reach USD 103.09 billion by 2022, according to a new report by Grand View Research, Inc. Increasing number of air travelers across the globe is expected to drive the car rental market growth over the forecast period. Service companies rent out vehicles to customers for a specific chargeable period. These companies are often organized across a range of local branches primarily near airports or busy city areas in order to facilitate customers to return the vehicle at a location of their convenience.
Contemporary car rental services are largely complemented by websites and smartphone applications, which make provision for online reservations. Changes in customer preferences due to fast penetration of smartphones coupled with fast internet access through affordable 3G and 4G LTE services are one of the key factors responsible for industry growth.
The booming international tourism industry has significantly driven industry growth. Car rental service providers offer a plethora of vehicle options which include luxury, executive, and economy vehicles, as well as SUVs and MUVs. The vehicles serve several segments of customer interests, such as leisure travel, business travel, airport transport, employee transport and all other types of local usage. However, stringent emission standards and volatility in crude oil prices are expected to hinder industry growth globally.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/car-rental-market-analysis-market

North America car rental market share by vehicle type, 2012-2022, (USD Billion)

 

Further key findings from the report suggest:

• The airport transport application segment accounted for over 43% of the revenue share in 2014 and is expected to maintain steady growth on account of the increase in the number of air travelers. Service providers are attempting to leverage this trend by promoting and expanding their brands across all major airports, globally. An integrated, global service would enable these companies to manage their geographically-dispersed operations efficiently, thereby gaining a competitive advantage over other service providers.
• Rapid globalization resulting in increased business trips across the globe is a major factor, propelling the demand for renting executive and luxury vehicles, which together contributed to over 40% of the revenue in 2014. Economy cars offer high fuel efficiency and can be rented at a cheaper cost as compared to their luxury counterparts, as a result of which they accounted for highest substantial share in the overall industry in 2014.
• Asia Pacific car rental market is expected to grow at a CAGR of over 12.5% over the forecast period on account of high growth prospects of the tourism industry, especially in China, India, and South-East Asian countries. The Chinese government has banned car purchases in certain parts of the country to address increasing traffic and pollution which is expected to encourage people towards renting or sharing cars. North American and the European rental services are expected to witness substantial growth in business and leisure travelers. The growth can be attributed to multiple factors, such as increasing urban population, rise in the number of high-net worth individuals, escalating demand for recreational and leisure activities, and the flourishing economic scenario leading to an increase in consumer spending power.
• Key companies in the car rental industry include Avis Budget Group, Carzonrent, Enterprise Rent-A-Car, EuropCar, The Hertz Corporation Inc, and Sixt. Companies are increasingly focusing on providing mobile applications and improving and making their websites customer-friendly to facilitate quick and easy bookings of such rental services.

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Grand View Research has segmented the global car rental market on the basis of vehicle type, application, and region:
Car Rental Vehicle Type Outlook (Revenue, USD Billion, 2012 – 2022)

• Luxury cars
• Executive cars
• Economy cars
• SUVs
• MUVs

Car Rental Application Outlook (Revenue, USD Billion, 2012 – 2022)

• Local
• Airport Transport
• Outstation
• Others

Car Rental Regional Outlook (Revenue, USD Billion, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• RoW

Structural Steel Market Forecast Report, Industry Trends To 2022: Grand View Research, Inc.

The global structural steel market size is expected to reach USD 119.10 billion, according to a new study by Grand View Research, Inc. Shift in preference towards ease of installation and faster completion of projects is expected to drive structural steel demand for residential and non-residential applications. Design flexibility and high ROI on constructing pre-engineered buildings (PEB) are other major factors expected to significantly influence the demand. Growing manufacturing facilities such as chemicals, automobiles and footwear in Asia Pacific and Middle East is also expected to develop the global market. Volatile raw material prices such as coking coal and iron ore are expected to challenge industry growth. 

Non-residential applications accounted for over 50% of total market volume in 2014. Increasing construction spending in building malls and educational institutes in Tier-2 and Tier-3 cities of Asia Pacific and Latin America is expected to drive demand for non-residential applications. Residential application is expected to grow at moderate growth of 4.0% from 2015 to 2022. 

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U.S. structural steel market volume by application, 2012-2022, (Kilo Tons)

 

 Further key findings from the study suggest:

• Global structural steel market demand was 120.10 million tons in 2014 and is expected to reach 164.66 million tons by 2022, growing at a CAGR of 4.1% from 2015 to 2022.
• North Asia structural steel market emerged as the leading regional industry and accounted for over 60% of global demand in 2014. Increasing construction spending in China owing to rapid industrialization is expected to drive the regional market. South Asia powered mainly by India is expected to witness the most significant growth in its market size over the forecast period. The region is expected to grow at a CAGR of 4.5% from 2015 to 2022.
• Affordable housing scheme by governments across Brazil and Colombia is expected to drive the Central & South American structural steel market over the next seven years.
• The global structural steel industry is highly fragmented with a mix of both large multinational corporations and domestic manufacturers. Key players operating in the global market include Baosteel Group, Arcelor Mittal, POSCO, Nippon Steel & Sumitomo Metal Corporation, Hyundai Steel and Tata Steel Group. Other players operating in the market include Baoganag Group, Valin Group, JSW Steel Ltd., Benxi Steel, Bohai Steel Group Co., Unites States Steel Corporation, Hebei Steel Group, ThyssenKrupp AG, Wuhan Iron & Steel (Group) Corp., Evraz Group, Ansteel Group and Anyang Iron & Steel Co. Ltd.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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