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

Report Code: BC 7322 Aug, 2019, by marketsandmarkets.com

[152 Pages Report] 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. Increasing building & construction activities, especially in China, Japan, and India, recovering construction sector in Europe, increasing rental penetration in North America, coupled with shift in trend towards rental due to various cost-benefits is expected to drive the growth of construction equipment rental market during the forecast period.

Construction Equipment Rental Market

The earthmoving segment is projected to lead the construction equipment rental market during the forecast period 

Based on equipment, the construction equipment rental market is categorized into earthmoving, material handling, and road building & concrete. Among these, earthmoving construction equipment accounted for the largest share of the construction equipment rental market in 2018. This is due to wide acceptability, mobility and ease of operation, coupled with the high cost of excavators, which make rental a preferable option.

Based on product, the cranes segment is projected to lead the construction equipment rental market during the forecast period  Based on product.

The cranes segment is projected to grow at the highest CAGR during the forecast period. Cranes are majorly rented rather than purchased, owing to their high price as well as maintenance cost. Different types of cranes are available in the market with different specifications and characteristics. These include mobile cranes and fixed cranes, which are extensively used in the building & construction industry. Approximately 65% of the current crane equipment fleet is owned by rental companies operating in the market.

Construction Equipment Rental Market

North America projected to be the largest construction equipment rental market during the forecast period

North America accounted for the largest share of the market in 2018, and is expected to continue in the trend during the forecast period due to the recent boom in non-residential construction in the region, coupled with supporting investments from domestic and foreign investors and favorable policies. The growth and financial health of North American construction equipment rental market is driven by factors, such as non-residential construction activity, capital investments in the industrial sector, repair, maintenance, and overhaul services, government spending and demand for construction equipment rental for remediation and rebuilding efforts. The market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing building & construction activities, especially in China, Japan, and India, coupled with increasing investments from domestic & foreign investors in public & private sectors.

Key Market Players

Companies such as 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, are the major players in the construction equipment rental market. These players focus on strategies, such as contracts, product launches, acquisitions, partnerships, expansions, joint ventures, and investments that have helped them to expand their businesses in untapped and potential markets. The diversified product portfolios and multiple uses are factors responsible for strengthening the positions of these companies in the construction equipment rental market. They have adopted various organic and inorganic growth strategies, such as new product launches, acquisitions, and contracts, to enhance their current positions in the construction equipment rental market. 

Scope of the Report

Report Metric

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Equipment, Product, and Region

Regions covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

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), Ahern Rentals (US), and others are considered for the study.
Total 25 major players covered.

This report categorizes the construction equipment rental market based on equipment, product, and region.

On the basis of equipment, the construction equipment rental market is segmented as follows

  • Earthmoving
  • Material Handling
  • Road Building & Concrete

On the basis product, the construction equipment rental market is segmented as follows

  • Backhoes
  • Excavators
  • Loaders
  • Crawler Dozers
  • Cranes
  • Concrete Pumps
  • Compactors
  • Transit Mixers
  • Concrete Mixers
  • Others

On the basis of region, the construction equipment rental market is segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments

  • Sunstate Equipment is partnering with Built Robotics to supply autonomous construction equipment in its rental offering. Built Robotics, founded in 2016, develops autonomous machines. It designs and manufactures a kit that can be used to upgrade off-the-shelf equipment from any brand, so that operators can upload job files and then leave the equipment to complete the work by itself. The partnership currently focuses on identifying the initial set of equipment and rental locations. Sunstate will begin offering built-upgraded autonomous equipment to select customers in late 2019 or early 2020.
  • Equipment rental company, Boels Rentals is adding the Barreto 30SGB stump grinder to its rental product range, based on positive feedback relating to Vanguard’s V-Twin engine. Boels Rentals will introduce the new stump grinder units which feature the Vanguard V-Twin engine across its European network as part of its strategic collaboration with engine manufacturers, Briggs and Stratton.
  • In November 2018, Sarens NV launched the largest crane SGC-250 (Sarens Giant Crane - 250) in the world in terms of size and capacity. It is the first 3rd generation ring-based crane with maximum load moment of 250.000Tm which allows lifting 5.000T. Even at a large radius of 100m, the crane is capable of lifting 2.000T. With the launch of this product, the company captured the extreme heavy lifting segment of the market.
  • In July 2018, Maxim Crane Works, L.P. acquired the assets of Cincinnati-based Tri-State Crane. This acquisition is a strategic move which helped expand Maxim's existing tri-state area operations and facilitate continuous growth in the region.
  • In August 2019, Ahern Rentals started its operational facility in Argentina. Located in Buenos Aires, Ahern Argentina is the eighth Ahern International business to open, joining Ahern Australia, Ahern Canada, Ahern Chile, Ahern Deutschland, Ahern Ibιrica, Ahern Ireland, and Ahern Japan, and is the second Ahern International entity in Latin America. Focused on supporting the Argentinian market, the company specializes in sales, service, and spare parts for Xtreme Manufacturing telehandlers, Snorkel aerial work platforms, and Ruthmann Bluelift tracked spider lifts.

Key Questions Addressed by the Report

  • What are the future revenue pockets in the construction equipment rental market?
  • Which key developments are expected to have a long-term impact on the construction equipment rental market?
  • Which type of construction equipment with specific weight lifting capacity is expected to cannibalize existing markets? 
  • How is the current regulatory framework expected to impact the market?
  • What will be the future product mix of the construction equipment rental market?
  • What are the prime strategies of leaders in the construction equipment rental market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    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 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Construction Equipment Rental Market
    4.2 Construction Equipment Rental Market, By Equipment
    4.3 Construction Equipment Rental Market, By Product
    4.4 Construction Equipment Rental Market, By Region
    4.5 Asia Pacific to Lead the Growth of the Construction Equipment Rental Market During the Forecast Period

5 Market Overview (Page No. - 34)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Benefits of Rental
                    5.1.1.2 Increasing Construction Equipment Demand
                    5.1.1.3 Shift in Trends Toward Rental
           5.1.2 Restraints
                    5.1.2.1 Susceptibility of the Construction Industry to Economic Recession
           5.1.3 Opportunities
                    5.1.3.1 Low Rental Penetration in Emerging Nations
                    5.1.3.2 Provision in the Tax Code and Adoption of Technology Provide Ample Opportunities for Contractors to Optimize their Rental Fleet and Generate More Revenue
                    5.1.3.3 Increasing Investment in Infrastructure
           5.1.4 Challenges
                    5.1.4.1 Labor Shortage May Lead to Automation
                    5.1.4.2 Lack of Incentives and Favorable Tax Policy
    5.2 Porter’s Five Forces Analysis
           5.2.1 Bargaining Power of Suppliers
           5.2.2 Threat of New Entrants
           5.2.3 Threat of Substitutes
           5.2.4 Bargaining Power of Buyers
           5.2.5 Intensity of Competitive Rivalry

6 Construction Equipment Rental Market, By Equipment (Page No. - 43)
    6.1 Introduction
    6.2 Earthmoving
           6.2.1 High Purchasing Cost of Earthmoving Equipment Makes Rental A Preferred Choice
    6.3 Material Handling
           6.3.1 Increasing Demand for Cranes in the Building & Construction Industry to Drive the Growth of the Material Handling Segment
    6.4 Road Building & Concrete
           6.4.1 Capital-Intensive Infrastructure Projects in Asia Pacific, Latin America, and the Middle East are Expected to Create Marginal Demand for Road Building & Concrete Equipment Rental

7 Construction Equipment Rental Market, By Product (Page No. - 48)
    7.1 Introduction
    7.2 Excavators
           7.2.1 Wide Acceptance for Renting of Excavators Among Contractors Due to the High Price of Equipment Purchase
    7.3 Loaders
           7.3.1 Ongoing Electrification By Oem to Target Rental Customers Expected to Impact the Market for Loaders
    7.4 Backhoes
           7.4.1 Although Popular in Asia and the Middle East, Backhoes Face Stiff Competition From Crawler Excavators and Loaders in North America and Europe
    7.5 Cranes
           7.5.1 Increasing Demand for Fixed Construction Products in the Building & Construction Industry Expected to Drive the Market for Cranes Rental
    7.6 Crawler Dozers
           7.6.1 Road Building and Highway Construction Activities in Asia Pacific to Drive the Demand for Crawler Dozers
    7.7 Concrete Pumps
           7.7.1 Rapid Expansion of Housing and Infrastructure Sectors Expected to Drive the Market for Concrete Pumps Rental
    7.8 Compactors
           7.8.1 Road Building and Infrastructure Activities in Emerging Nations Expected to Drive the Demand for Compactors
    7.9 Transit Mixers
           7.9.1 Less Rental Penetration to Affect the Future Rental Revenue of Transit Mixers
    7.1 Concrete Mixers
           7.10.1 Contractors Prefer Purchase of Concrete Mixers Over Rental Because of their Continuous Use
    7.11 Others
           7.11.1 Minimum Rental Penetration Expected to Impact the Rental Revenue Pf Other Products in the Near Future

8 Regional Analysis (Page No. - 59)
    8.1 Introduction
    8.2 North America
           8.2.1 US
                    8.2.1.1 Increasing Rental Penetration is Expected to Create Market Opportunities in the Near Future
           8.2.2 Canada
                    8.2.2.1 Increase in Investments in Infrastructure Development to Drive the Growth of the Market in Canada
    8.3 Asia Pacific
           8.3.1 China
                    8.3.1.1 China is Projected to Lead the Global Construction Equipment Rental Market in the Asia Pacific Region During the Forecast Period
           8.3.2 Japan
                    8.3.2.1 Mature Market With High Rental Penetration
           8.3.3 India
                    8.3.3.1 Increasing Investments for the Construction of Infrastructure are Expected to Drive the Market In
           8.3.4 South Korea
                    8.3.4.1 Rental Revenues From Excavators to Drive Demand
           8.3.5 Rest of Asia Pacific
                    8.3.5.1 Increasing Investments & Growth in Industries is Expected to Drive the Growth of the Market in the Rest of Asia Pacific Countries
    8.4 Middle East & Africa
           8.4.1 UAE
                    8.4.1.1 Investments From Government and Recovery of the Construction Industry are Expected to Drive Demand in the Construction Equipment Rental Market in the UAE
           8.4.2 Qatar
                    8.4.2.1 International Events to Drive Demand for Construction Equipment Rental Market in Qatar
           8.4.3 Saudi Arabia
                    8.4.3.1 Growth in the Oil & Gas Industry is Expected to Drive Demand for Construction Equipment Rental in Saudi Arabia
           8.4.4 Rest of Middle East & Africa
                    8.4.4.1 Rest of Middle East Countries Offer Attractive Opportunities for Construction Equipment Rental While Growth is Expected to Be Subdued in the Rest of Africa Region
    8.5 Europe
           8.5.1 Germany
                    8.5.1.1 Increasing Investments in Infrastructure are Expected to Drive Market Growth in Germany
           8.5.2 France
                    8.5.2.1 Fastest-Growing Market for Construction Equipment Rental
           8.5.3 UK
                    8.5.3.1 The Construction Industry is Expected to Witness Sluggish Growth and Thus Impact the Market
           8.5.4 Italy
                    8.5.4.1 Recovery of the Construction Industry is Expected to Drive the Growth of the Market in Italy
           8.5.5 Spain
                    8.5.5.1 Recovery in Residential Construction is Expected to Drive the Growth of the Market in Spain
           8.5.6 Sweden
                    8.5.6.1 Government Initiatives and Growth in Non-Residential Sector is Expected to Drive the Growth of the Market in Sweden
           8.5.7 Rest of Europe Construction Equipment Rental Market, By Product
                    8.5.7.1 Booming Construction Industry Especially in Poland in Rest of Europe Countries is Projected to Boost the Growth of the Market
    8.6 Latin America
           8.6.1 Brazil
                    8.6.1.1 Government Focus on Infrastructure Spending to Drive Market During the Forecast Period
           8.6.2 Mexico
                    8.6.2.1 Trade Agreements to Attract Foreign Investments in Construction and Infrastructure to Drive the Market
           8.6.3 Rest of Latin America
                    8.6.3.1 the Revival of the Construction Sector in Countries, Such as Peru, Colombia, and Argentina to Drive the Growth of the Market in the Region

9 Competitive Landscape (Page No. - 96)
    9.1 Introduction
    9.2 Competitive Leadership Mapping
           9.2.1 Visionaries
           9.2.2 Innovators
           9.2.3 Dynamic Differentiators
           9.2.4 Emerging Companies
    9.3 Ranking of Key Market Players in the Construction Equipment  Rental Market

10 Company Profiles (Page No. - 99)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)* 
     10.1 United Rentals, Inc.
     10.2 Herc Holdings Inc.
     10.3 Ashtead Group Plc
     10.4 Aktio Corporation
     10.5 Loxam Sas
     10.6 Kanamoto Co., Ltd.
     10.7 Nishio Rent All Co., Ltd.
     10.8 H&E Equipment Services, Inc.
     10.9 Nikken Corporation
     10.10 Cramo Group
     10.11 Ramirent Plc
     10.12 Maxim Crane Works, L.P.
     10.13 Kiloutou
     10.14 Sarens Nv
     10.15 Taiyokenki Rental Co., Ltd.
     10.16 Ahern Rentals, Inc.
     10.17 Boels Rental
     10.18 Speedy Hire Plc
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies. 
     10.19 Other Key Players
             10.19.1 Coates Hire
             10.19.2 Sunstate Equipment Company
             10.19.3 Zeppelin Rental
             10.19.4 Liebherr Mietpartner
             10.19.5 Hitachi Construction Machinery Japan Co., Ltd.
                        10.19.5.1 Recent Developments
             10.19.6 Hss Hire
             10.19.7 Ameco Inc.

11 Appendix (Page No. - 144)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (54 Tables)

Table 1 Construction Equipment Rental Market Snapshot
Table 2 Global Airport Construction Projects By Country
Table 3 Construction Equipment Rental Market, By Equipment, 2017–2024 (USD Million)
Table 4 Earthmoving Construction Equipment Rental Market, By Region, 2017–2024 (USD Million)
Table 5 Material Handling Construction Equipment Rental Market, By Region, 2017–2024 (USD Million)
Table 6 Road Building & Concrete Construction Equipment Rental Market, By Region, 2017–2024 (USD Million)
Table 7 Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 8 Construction Equipment Rental Market for Excavators, By Region, 2017–2024 (USD Million)
Table 9 Construction Equipment Rental Market for Loaders, By Region, 2017–2024 (USD Million)
Table 10 Construction Equipment Rental Market for Backhoes, By Region, 2017–2024 (USD Million)
Table 11 Construction Equipment Rental Market for Cranes, By Region, 2017–2024 (USD Million)
Table 12 Construction Equipment Rental Market for Crawler Dozers, By Region, 2017–2024 (USD Million)
Table 13 Construction Equipment Rental Market for Concrete Pumps, By Region, 2017–2024 (USD Million)
Table 14 Construction Equipment Rental Market for Compactors, By Region, 2017–2024 (USD Million)
Table 15 Construction Equipment Rental Market for Transit Mixers, By Region, 2017–2024 (USD Million)
Table 16 Construction Equipment Rental Market for Concrete Mixers, By Region, 2017–2024 (USD Million)
Table 17 Construction Equipment Rental Market for Other Products, By Region, 2017–2024 (USD Million)
Table 18 Construction Equipment Rental Market, By Region, 2017–2024 (USD Million)
Table 19 North America Construction Equipment Rental Market, By Country, 2017–2024 (USD Million)
Table 20 North America Construction Machinary Leasing Market, By Equipment, 2017–2024 (USD Million)
Table 21 North America Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 22 US Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 23 Canada Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 24 Asia Pacific Construction Equipment Rental Market, By Country, 2017–2024 (USD Million)
Table 25 Asia Pacific Construction Machinary Leasing Market, By Equipment, 2017–2024 (USD Million)
Table 26 Asia Pacific Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 27 China Construction Equipment Rental Market, By Product, 2017–2024 (USD Million
Table 28 Japan Heavy Machinary Rental Market, By Product, 2017–2024 (USD Million)
Table 29 India Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 30 South Korea Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 31 Rest of Asia Pacific Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 32 Middle East & Africa Construction Equipment Rental Market, By Country, 2017–2024 (USD Million)
Table 33 Middle East & Africa Construction Machinary Leasing Market, By Equipment,2017–2024 (USD Million)
Table 34 Middle East & Africa Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 35 UAE Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 36 Qatar Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 37 Saudi Arabia Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 38 Rest of Middle East & Africa Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 39 Europe Construction Equipment Rental Market, By Country, 2017–2024 (USD Million)
Table 40 Europe Heavy Machinary Rental Market, By Equipment, 2017–2024 (USD Million)
Table 41 Europe Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 42 Germany Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 43 France Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 44 UK Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 45 Italy Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 46 Spain Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 47 Sweden Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 48 Rest of Europe Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 49 Latin America Construction Equipment Rental Market, By Country, 2017–2024 (USD Million)
Table 50 Latin America Heavy Machinary Rental Market, By Equipment, 2017–2024 (USD Million)
Table 51 Latin America Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 52 Brazil Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)
Table 53 Mexico Heavy Machinary Rental Market, By Product, 2017–2024 (USD Million)
Table 54 Rest of Latin America Construction Equipment Rental Market, By Product, 2017–2024 (USD Million)


List of Figures (49 Figures)

Figure 1 Construction Equipment Rental Market Segmentation
Figure 2 Construction Equipment Rental Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Construction Equipment Rental Market: Data Triangulation
Figure 6 Earthmoving is Projected to Be the Leading Rental Construction Equipment Between 2019 and 2024, in Terms of Value
Figure 7 Excavators is Projected to Be the Leading Product Segment of the Construction Equipment Rental Market Between 2019 and 2024, in Terms of Value
Figure 8 Asia Pacific Construction Equipment Rental Market to Grow at the Highest CAGR During Forecast Period, in Terms of Value
Figure 9 Earthmoving Segment Projected to Lead Market Growth During the Forecast Period, in Terms of Value
Figure 10 Cranes Segment Projected to Lead the Growth of the Construction Equipment Market During the Forecast Period, in Terms of Value
Figure 11 North America Accounted for the Largest Share of the Construction Equipment Rental Market in 2018, in Terms of Value
Figure 12 Japan Led the Demand for Construction Equipment Rental Market in Asia Pacific in 2018, in Terms of Value
Figure 13 Market Dynamics: Construction Equipment Rental Market
Figure 14 Global Construction Equipment Unit Sales, 2016–2025
Figure 15 Rental Penetration Rate Across the Us, 2011–2018 (%)
Figure 16 Porter’s Five Forces Analysis
Figure 17 Material Handling Segment to Grow at the Highest Rate During Forecast Period, in Terms of Value
Figure 18 Cranes Segment to Grow at Higher CAGR During Forecast Period, in Terms of Value
Figure 19 Asia Pacific is Projected to Grow at the Highest CAGR in the Construction Equipment Rental Market During the Forecast Period
Figure 20 North America Construction Equipment Rental Market Snapshot
Figure 21 Rental Penetration Rate Across the US, 2003 – 2018, (%)
Figure 22 Asia Pacific Construction Equipment Rental Market Snapshot
Figure 23 Middle East & Africa Construction Equipment Rental Market Snapshot
Figure 24 Europe Construction Equipment Rental Market Snapshot
Figure 25 Latin America Construction Equipment Rental Market Snapshot
Figure 26 Construction Equipment Rental Market (Global): Competitive Leadership Mapping, 2018
Figure 27 Top Five Companies Construction Equipment Rental 2018
Figure 28 United Rentals, Inc.: Company Snapshot
Figure 29 United Rentals, Inc.: SWOT Analysis
Figure 30 Herc Holdings Inc.: Company Snapshot
Figure 31 Herc Holdings Inc.
Figure 32 Ashtead Group Plc: Company Snapshot
Figure 33 Ashtead Group Plc: SWOT Analysis
Figure 34 Loxam Sas: Company Snapshot
Figure 35 Loxam Sas: SWOT Analysis
Figure 36 Kanamoto Co., Ltd.: Company Snapshot
Figure 37 Kanamoto Co., Ltd.: SWOT Analysis
Figure 38 Nishio Rent All Co., Ltd.: Company Snapshot
Figure 39 Nishio Rent All Co., Ltd.: SWOT Analysis
Figure 40 H&E Equipment Services, Inc.: Company Snapshot
Figure 41 H&E Equipment Services, Inc.: SWOT Analysis
Figure 42 Nikken Corporation: Company Snapshot
Figure 43 Cramo Group: Company Snapshot
Figure 44 Cramo Group: SWOT Analysis
Figure 45 Ramirent Plc: Company Snapshot
Figure 46 Maxim Crane Works, L.P.: SWOT Analysis
Figure 47 Sarens Nv: Company Snapshot
Figure 48 Sarens Nv: SWOT Analysis
Figure 49 Speedy Hire Plc.: Company Snapshot

The study involved 4 major activities in estimating the current market size for construction equipment rental. Exhaustive secondary research was undertaken to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to identify and collect information for this study. Secondary sources include annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.

Primary Research

The construction equipment rental market comprises several stakeholders, such as construction equipment manufacturers, construction equipment renting companies, OEMs, and regulatory organizations in the supply chain. The demand side of this market is characterized by developments in the building & construction industry. The supply side is characterized by market consolidation activities undertaken by construction equipment rental providers. Several primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents

Construction Equipment Rental Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation:

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the construction equipment rental market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation:

After arriving at the overall market size-using the market size estimation process explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Report Objectives:

  • To define, describe, and forecast the construction equipment rental market based on equipment, product, and region
  • To estimate and forecast the size of the construction equipment rental market in terms of value
  • To estimate and forecast the size of the construction equipment rental market by equipment, and product for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To identify and analyze the drivers, restraints, challenges, and opportunities that are influencing the growth of the construction equipment rental market
  • To analyze region-specific trends in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To strategically analyze markets with respect to individual growth trends, future prospects, and their contribution to the market
  • To track and analyze recent developments and competitive strategies, such as partnerships, contracts, acquisitions, new product launches, and expansions adopted by the leading players to strengthen their positions in the construction equipment rental market
  • To identify and profile key players in the construction equipment rental market and analyze their core competencies

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Regional Analysis

  • A further breakdown of the regional construction equipment rental market to the country level by type

Country Information

  • Regional market split by major countries

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)
Report Code
BC 7322
Published ON
Aug, 2019
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