North America accounted for the largest share of the market in 2018, and is expected to continue in the trend during the forecast period due to the recent boom in non-residential construction in the region, coupled with supporting investments from domestic and foreign investors and favorable policies. The growth and financial health of North American construction equipment rental market is driven by factors, such as non-residential construction activity, capital investments in the industrial sector, repair, maintenance, and overhaul services, government spending and demand for construction equipment rental for remediation and rebuilding efforts. The market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing building & construction activities, especially in China, Japan, and India, coupled with increasing investments from domestic & foreign investors in public & private sectors.
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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.
Scope of the Report
Report Metric Details
Market size available for years 2017-2024
Base year considered 2018
Forecast period 2019–2024
Forecast units Value (USD)
Segments covered Equipment, Product, and Region
Regions covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered United Rentals Inc. (US) (Belgium), United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan) Kanamoto Co. Ltd. (Japan), Nishio Rent All Co. Ltd (Japan), Nikken Corporation (Japan), Ahern Rentals (US), and others are considered for the study.
Total 25 major players covered.
Key Questions Addressed by the Study
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?
What will be the future product mix of the construction equipment rental market?
What are the prime strategies of leaders in the construction equipment rental market?