Construction Equipment Rental Market Was Valued At USD 19.27 Billion In 2014, Growing At A CAGR Of 12.3% From 2015 To 2022

The global construction equipment rental market was valued at USD 34.24 billion in 2014 and is anticipated to reach USD 84.60 billion by 2022. Increasing construction activities across the globe and rising government investment in emerging economies are projected to drive market demand in the coming years.
The abundance of modern and productive equipment in rental fleets along with ongoing infrastructure development is expected to fuel demand. Rented construction equipment has several benefits such as ease of replacement, cost effective approach, less technical charges, lower maintenance cost, reduced transportation and less servicing requirement. These factors have been continuously driving the demand in the coming years.
The material handling rental machinery segment is anticipated to grow at a CAGR of 13.0% from 2015 to 2022 on account of increasing focus on automated production facility. Increasing requirement of automated production processes for optimal use of raw material, energy and resource consumption are expected to result in the higher adoption of the product over the forecast period.

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

Further key findings from the report suggest:

·         Earthmoving rental machinery market was valued at USD 19.27 billion in 2014 and is projected to witness significant gains at a CAGR of 12.3% by 2022. Growing demand for heavy equipment from emerging economies is anticipated to drive growth shortly.

·         The emergence of advanced machinery with eco-friendly and low maintenance features is expected to outcast conventional equipment in the coming years. The high purchasing power of consumer with changing preference for rental equipment has also resulted in the high adoption of rental products. 

·         Middle East rental equipment industry is projected to witness substantial growth at a CAGR exceeding 15% by 2022 owing to ongoing construction activities and extensive focus on sustainable expansion practices such as eco-friendly building construction. Rising capital investment in retail, hospitality, banking, transportation, energy, infrastructure and agriculture programs and development of metal and mining sector in the region are considered to be the major driving factors for the growth of the market. 

·         Asia Pacific construction equipment market accounted for 25% of the total revenue in 2014 and is expected to witness significant growth shortly. Rapid urbanization, commercialization of industry, burgeoning population, robust fiscal growth, and increasing government initiatives are expected to drive the market in the coming years. 

·         North America is projected to grow at a CAGR of over 10% by 2022. Economic revival coupled with increasing capital investments is estimated to compliment demand in the region. Increasing residential construction with increasing investment along with volatile energy pricing and favorable regulations is expected to escalate volume sales in the European market. 

·         Major industry players include United Rentals, Hertz, Neff Rental, Ahern Rental, Loxam Group, and Sunbelt. Other participants include Quippo, Finning, Ahern Rental, American Equip Company (Ameco), Maxim Crane Works, Gemini Equip and Rentals, and Sunstate Equip Company. The construction equipment rental industry is very capital intensive in nature. Moreover, the market is characterized by mergers & acquisitions, joint ventures, and strategic alliances to increase their market penetration.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the construction equipment rental market on the basis of product and region:
Construction Equipment Rental Product Outlook (Revenue, USD Million, 2012 – 2022)

·         Earthmoving machinery

·         Material handling machinery

·         Concrete & road construction

Construction Equipment Rental Regional Outlook (Revenue, USD Million, 2012 – 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

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.

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

 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.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Latest Study - Construction Equipment Rental Market Share, Growth Prospects To 2022: 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.

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

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.

For More Information, Visit - https://www.linkedin.com/pulse/construction-equipment-rental-market-forecast-trends-industry-pawar?published=t