Construction Equipment Rental Market Global Forecast to 2024

1. Construction Equipment Rental Market worth $121.6 billion by 2024 The report "Construction Equipment Rental Market by Equipment (Earthmoving, Material Handling, Road Building & Concrete), Product (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Compactors, Concrete Pumps), Region - Global Forecast to 2024" The construction equipment rental market is projected to grow from USD 98.6 billion in 2019 to reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024.  View Full Report : https://www.marketsandmarkets.com/Market-Reports/construction-equipment-rental-market-225391699.html

2. Introduction Increasing building & construction activities, especially in China, Japan, and India, recovering construction sector in Europe, increasing rental penetration in North America, coupled with shift in trend towards rental due to various cost-benefits is expected to drive the growth of construction equipment rental market during the forecast period. Earthmoving construction equipment accounted for the largest share of the construction equipment rental market in 2018 due to the wide application in building & construction activities. Earthmoving equipment is high-value, requiring significant capital investments for the installation and maintenance of equipment fleets. Contractors prefer renting equipment instead of purchasing as this enables them to use the capital, which otherwise would have been invested in the purchase of equipment. View Full Report : https://www.marketsandmarkets.com/Market-Reports/construction-equipment-rental-market-225391699.html

3. View Full Report : https://www.marketsandmarkets.com/Market-Reports/modular-chillers-market-75609903.html

4. Recent Developments In August 2019, Ahern Rentals started its operational facility in Argentina. Located in Buenos Aires, Ahern Argentina is the eighth Ahern International business to open, joining Ahern Australia, Ahern Canada, Ahern Chile, Ahern Deutschland, Ahern Ibérica, Ahern Ireland, and Ahern Japan, and is the second Ahern International entity in Latin America. Focused on supporting the Argentinian market, the company specializes in sales, service, and spare parts for Xtreme Manufacturing telehandlers, Snorkel aerial work platforms, and RuthmannBluelift tracked spider lifts. In July 2018, Maxim Crane Works, L.P. acquired the assets of Cincinnati-based Tri-State Crane. This acquisition is a strategic move which helped expand Maxim's existing tri-state area operations and facilitate continuous growth in the region. In November 2018, Sarens NV launched the largest crane SGC-250 (Sarens Giant Crane - 250) in the world in terms of size and capacity. It is the first 3rd generation ring-based crane with maximum load moment of 250.000Tm which allows lifting 5.000T. Even at a large radius of 100m, the crane is capable of lifting 2.000T. With the launch of this product, the company captured the extreme heavy lifting segment of the market. View Full Report : https://www.marketsandmarkets.com/Market-Reports/construction-equipment-rental-market-225391699.html

5. Key Questions Addressed by the Report What are the future revenue pockets in the construction equipment rental market? Which key developments are expected to have a long-term impact on the construction equipment rental market? Which type of construction equipment with specific weight lifting capacity is expected to cannibalize existing markets?  How is the current regulatory framework expected to impact the market? Request for Sample Report View Full Report : https://www.marketsandmarkets.com/Market-Reports/construction-equipment-rental-market-225391699.html

6. Most active players in the modular chillers market: Key players in the construction equipment rental market, such as United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), and Kanamoto Co. Ltd.  (Japan), among others, are considered for the study.   Speak with Analyst View Full Report : https://www.marketsandmarkets.com/Market-Reports/construction-equipment-rental-market-225391699.html

7. On The Basis Of Region: North America is projected to be the largest market Based on region, the construction equipment rental market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Among these, North America accounted for the largest share of the market in 2018 and is expected to continue in the same trend during the forecast period due to increase in building & construction activities in the region, coupled with favorable policies which lead to the demand for construction equipment rental. The market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period. Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/construction-equipment-rental-market-225391699.html

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