Construction equipment rental is referred to as the renting of construction equipment through offline or online mediums for a particular time span and at the particular renting amount. An increasing number of construction activities coupled with the rising infrastructure investments will drive the construction equipment rental market growth over the forecast timeline. Various government institutions are stressing on refurbishing the existing infrastructure and undertaking new construction projects for the overall economic development of the region. Changing consumption patterns followed by the rising labor costs is further restraining the market.
The research analyst at AMA estimates Construction Equipment Rental market to grow at a compounded annual growth rate of 4.5%
- Benefits of Rental
- Increasing Construction Equipment Demand
- Increasing infrastructure investments globally
- Low Rental Penetration in Emerging Nations
- Shift in Trends Toward Rental
- Susceptibility of the Construction Industry to Economic Recession
Provision in the Tax Code and Adoption of Technology and Increasing Investment in Infrastructure
Manufacturers Covered in the Study are:
United Rentals Inc. (United States), Ashtead Group Plc (United Kingdom), Loxam (France), Herc Holdings Inc. (United States), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), Boels Rentals (Netherlands), Kanamoto Co. Ltd. (Japan), Sunstate Equipment (United States) and Nishio Rent All Co. Ltd (Japan)
The Global Construction Equipment Rental market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Sunstate Equipment is partnering with Built Robotics to supply autonomous construction equipment in its rental offering. The partnership currently focuses on identifying the initial set of equipment and rental locations. Sunstate will begin offering built-upgraded autonomous equipment to select customers in late 2019 or early 2020.
List of players that can be included in the study on immediate basis are Nikken Corporation (Japan), Ahern Rentals (United States), Sunbelt Rentals (United States) and Cramo (Finland).