Construction Equipment Rental Market 2020 by Regional Statistics, CAGR, Trend & Growth Forecast To 2026
Category: #headlines  By Rahul Varpe  Date: 2020-05-28
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Construction Equipment Rental Market 2020 by Regional Statistics, CAGR, Trend & Growth Forecast To 2026

The research report on construction equipment rental market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors. 

As per the report, construction equipment rental market was valued at 120 billion in 2019 and is likely to reach 170 billion by the end of 2026, growing at an expected CAGR of 4.5% over 2020- 2026. In addition to this, the study also encompasses crucial information on the current market scenario, evolving technologies, widespread competitive landscape, growth prospects, industry tactics, and vivid market segmentations.

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Moreover, the report also offers insight to various factors that would potentially drive the growth graph of the industry over the foreseeable time period, along with delivering minute details on the ongoing trends that the construction equipment rental industry is characterized by. The construction equipment rental market, as per given report, is fragmented on basis of Product, regions, and competitive landscape.  

In terms of the product bifurcation, the market has been divided into Earthmoving & Road Building Equipment [Backhoes, Excavators, Loaders, Compaction Equipment], Material Handling & Cranes [Storage & Handling Equipment, Engineered Systems, Industrial Trucks, Bulk Material Handling Equipment], Concrete Equipment [Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, Batching Plants]. Vital details in terms of market share, current and projected growth rates, segment valuation, developmental trends, and performance of the overall segment have also been enclosed in the report.  

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The overall construction equipment rental industry is diversified into various regions and economies including North America, Europe, Asia Pacific, Latin America (LATAM), Middle East and its complete analysis has been enclosed in the report as well. It lays focus on various factors supporting the growth of regional markets in tandem with trending growth opportunities existing in every region, their individual growth rates, technologies being used, stringent regulatory reforms, and much more. 

Taking into account the competitive landscape, construction equipment rental industry is highly consolidated and boasts of presence of companies like Ahern Rentals, Inc., AJ Networks Co., Ltd., Aktio Corporation, Ashtead Group, Boels Rental, Caterpillar Inc., Cramo PLC, Fortrent, H&E Equipment Services, Herc Holdings, Inc. (Herc Rentals, Inc.), Hinkel Equipment Rental Associates, Kiloutou, Loxam Group, LTech, Mtandt Rentals Limited, Nesco Rentals (Nesco, LLC), Pekkaniska Oy, Ramirent, Riwal, Shanghai Hongxin Equipment Engineering Co., Ltd., Sunstate Equipment Company, Unirent LLC, United Rentals, Inc.. The report includes details on sales spectrum of each of these firms, their strategies to sustain their position in the market, individual company profiles and market share, and position in the overall ecosystem.

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Along with the aforementioned parameters, the market study also outlines information on the potential threats and challenges that are expected to hamper the industry growth in the upcoming years.

Related News - https://www.marketwatch.com/press-release/top-trends-bucket-trucks-market-regional-statistics-2024-2020-05-27

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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