Next-Gen Construction Equipment Gives Traction to Construction Equipment Rental Market by 1.6X : Fact.MR

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Global Construction Equipment Rental Market – Scope of the Report

The following report provides forecast and analysis of the global construction equipment rental market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and, according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global construction equipment rental market along with several macro-economic indicators. This newly published and insightful report on construction equipment rental sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global construction equipment rental market.

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The report also comprises the study of current issues with end users and opportunities for construction equipment rental. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of construction equipment rental manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the construction equipment rental market provided in the report adds to the credibility of this exhaustive research study.

“The construction equipment rental market is consolidated with tier-1 players garnering most of the revenues. Front running organizations are constantly updating their equipment fleets with advanced technologies. Market players stand to benefit from increasing government investments in infrastructure development in emerging economies.” –Says the Fact.MR Analyst

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Global Construction equipment rental Market: In-Depth Assessment on Key Segments

The global construction equipment rental market is segmented on the basis of product type and region.

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.

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Country-specific assessment on demand for construction equipment rental has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous construction equipment rental manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global construction equipment rental market. Some of the major competitors operating in the construction equipment rental market are United Rentals, Inc., Herc Holdings Inc., Ashtead Group Plc, Aktio Corporation, Loxam Sas, Kanamoto Co., Ltd., Nishio Rent All Co., Ltd., and others.

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Onsite Maintenance Services to Offer New Revenue Streams

Onsite service programs with the help of predictive maintenance and monitoring exhibits strong remunerative opportunities. Reducing the loss of time due to breakdowns, onsite maintenance services is a disruptive trend that benefits both parties. Customers can prevent loss of productive man-hours and construction equipment rental companies can garner sustainable revenue opportunities. Skill development of the workforce with the advancements in construction equipment technologies will give market players a competitive edge during the forecast period. Frequent mergers and acquisitions such as the March 2019 announcement of Prime Rentals Ltd. being acquired by Cooper Equipment Rentals Ltd. are projected to continue through 2029.

Global Construction Equipment Rental Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the construction equipment rental market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the construction equipment rental market, which includes global GDP growth rate, building and construction industry growth rate, and others. This report serves as an authentic resource of intelligence on the construction equipment rental market, enabling the readers to take fact-based decisions on the future direction of their businesses.

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