PUBLISHER: TechNavio | PRODUCT CODE: 1502484
PUBLISHER: TechNavio | PRODUCT CODE: 1502484
Technavio has been monitoring the construction equipment rental market and is forecast to grow by $ 36427.1 mn during 2023-2028, accelerating at a CAGR of 5.64% during the forecast period. Our report on the construction equipment rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased investment in infrastructure, high initial investment and maintenance cost, and increasing penetration of rentals.
Technavio's construction equipment rental market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.26% |
CAGR | 5.64% |
Incremental Value | $36427.1mn |
By Application
By Type
By Geographical Landscape
This study identifies the increasing in adoption of automation as one of the prime reasons driving the construction equipment rental market growth during the next few years. Also, adoption of telematics in construction and incorporation of advanced technologies will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the construction equipment rental market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading construction equipment rental market vendors that include Aktio Corp., Associated Equipment Rentals Pvt. Ltd., Briggs Equipment, Byrne Equipment Rental, Caterpillar Inc., Cramo Oy, Finning International Inc., Herc Holdings Inc., HSS ProService Ltd., Kanamoto Co. Ltd., Komatsu Ltd., Kwipped Inc., LGH, Liebherr International Deutschland GmbH, Loxam, Nishio Rentall Co. Ltd., Sarens NV, Sunstate Equipment Co. LLC, Titan Machinery Inc., and United Rentals Inc.. Also, the construction equipment rental market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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