Construction Equipment Rental Market Overview:
The global report on the construction equipment rental market ispredicted to rise by 4.7% CAGR during the forecast period of 2018 to 2023.Market Research Future (MRFR), in its attempt to know more about the market,analyzed factors like the rising inclusion of better technologies, a huge surgein construction activities in the Asia Pacific region, investment influx in theconstruction sector, increased competition among players, innovation in methodsof handling the situation, and others. Rising labor costs are also a reason forthe growth of this sector.
However, the market may suffer from the lack of expert hands whocan operate advanced machines.
GetFree Sample Report in PDF Format @ https://www.marketresearchfuture.com/sample_request/7504
Segmentation:
The global construction equipment rental market includes a properdiscussion of segments like equipment type and application. These segmentsfurther reveal details about various factors that can impact the strategicoutput of players involved in the market.
By equipment type, the study of the construction equipment rental market includesmaterial handling, earthmoving, and concrete & road construction. Theearthmoving segment comprises a study of loader, excavator, motor grader,backhoe, and others. The material handling segment studied segments liketrailer mounted crane, crawler crane, and truck mounted crane. The earthmovingsegment had the largest market share in 2017 and it will continue its dominancetill 2023. This will be bolstered by ongoing construction activities in theAsia Pacific region. The material handling segment would record the maximumgrowth during the forecast period due to increased demand for truck-mounted cranes,crawler cranes, and trailer-mounted cranes for mega infrastructure projects,especially in countries like China, India, and UAE.
By application, the report of the construction equipment rentalmarket includes non-residential, residential, and infrastructure. Theresidential segment had the maximum market share in 2017, which the segment isexpected to retain till 2023. The infrastructure segment is expected to recordmaximum growth during the forecast period as demand for products related to itis slated to rise in China and India.
Regional Analysis:
Asia Pacific has the chance to dominate the global constructionequipment rental market. In 2017, the region covered more than 40% of themarket space. This regional market is expected to be bolstered by increasingconstruction activities in developing countries.
CompleteBusiness Report@ https://www.marketresearchfuture.com/reports/construction-equipment-rental-market-7504
Competitive Landscape:
Ashtead Group, Ahern Rentals, Inc., Caterpillar, Inc., BluelineRental LLC, Shanghai Hongxin Equipment Engineering Co., Ltd., Cramo PLC, Riwal,United Rentals, Inc, Herc Holdings, Nesco Rentals, and others are making aprominent impact on the construction equipment rental market. MRFR analystshave included the latest doings of these companies to understand trends thatare impacting the market and may transform the flow of the market.
About Market Research Future:
Market Research Future (MRFR) is a global market research firmthat takes great pleasure in its services, providing a detailed and reliablestudy of diverse industries and consumers worldwide. MRFR's methodologyintegrates proprietary information with different data sources to provide theclient with a comprehensive understanding of the current key trends, upcomingevents, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by acompetent team of research analysts who provide useful analytics and data ontechnological and economic developments. Our deemed analysts make industrialvisits and collect valuable information from influential market players. Ourmain goal is to keep our clients informed of new opportunities and challengesin various markets. We offer step-by-step assistance to our valued clientsthrough strategic and consulting services to reach managerial and actionabledecisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
