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Europe Construction Equipment Rental Market to Cross USD 47 Bn by 2026

European Construction Equipment Rental Market size is expected to exceed USD 47 billion by 2026, according to a latest forecast report by Graphical Research. Rapid increase in the development of robust road infrastructure and smart cities in Europe is fueling the market demand. Initiatives undertaken by government authorities and construction companies toward infrastructural development will support the market expansion.

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Europe Construction Equipment Rental Market to Cross USD 47 Bn by 2026

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  1. Europe Construction Equipment Rental Market to Cross USD 47 Bn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. European Construction Equipment Rental Market size is expected to exceed USD 47 billion by 2026, according to a latest forecast report by Graphical Research. Rapid increase in the development of robust road infrastructure and smart cities in Europe is fueling the market demand. Initiatives undertaken by government authorities and construction companies toward infrastructural development will support the market expansion. For instance, in October 2019, Bouygues Construction Company signed an agreement to broaden four lanes of around 28.1-kilometre pathway of the Istria Motorway located in north-western Croatia. The contract was awarded by Bina Istra concession company and was worth over USD 200 million. Increasing urbanization in countries including Russia, Italy, and the UK will provide growth opportunities for the construction equipment rental market in Europe. The growing urban population in the region will augment the demand for commercial and residential spaces, propelling the market revenue. As of 2019, over 74% of the Russian population lived in urban areas. Government support toward the development of residential infrastructure in European countries. The rising spread of COVID-19 has impacted the construction equipment rental industry in Europe as countries in the region faced huge economic disruption and stringent lockdowns during the first two quarters of 2020. The pandemic has also adversely impacted the ongoing construction projects, resulting into a decline in demand for rental equipment. However, with the containment of virus and economic revival. Shifting preferences of construction companies toward rental equipment to reduce the operating expenditure will support the industry size. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/35mh1ws Request for customization @ https://bit.ly/3gzMXmn ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. The concrete equipment segment is predicted to register substantial growth during the forecast period attributed to the rapid increase in the deployment of advanced concreting machines on construction sites. The segment is further categorized into concrete pumps, transit mixers, crushers, asphalt pavers, and batching plants. Asphalt pavers are witnessing a high demand in road building activities in Europe. The highway development plan announced by the Polish government in 2014 is facilitating the development of over 1,800 km of new highways by 2021 in Poland. The European Union has invested approximately USD 13 billion in this project. Prominent players in the market are Caterpillar Inc., Loxam Group, United Rentals, Cramo PLC., Nesco Rentals, Boels Rental, and Hertz Corporation. These players are majorly focusing on mergers and acquisitions in order to enhance their business reach and expand the customer base. For instance, in February 2020, Boels Rental acquired the majority shares of Cramo PLC. The acquisition significantly enhanced the market share of Boels Rental in the Europe market. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segmentation of Europe Construction Equipment Rental Market: • Europe Market, By Product • Earthmoving & Road Building Equipment • Backhoe • Excavator • Loader • Material Handling & Cranes • Storage & Handling Equipment • Engineered Systems • Concrete equipment • Concrete Pump • Crusher • Transit Mixer • The above information has been provided for the following countries: • Europe • UK • Germany • France ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research  Phone:1-800-986-6917Email:sales@graphicalresearch.com Web: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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