Global Construction Equipment Rental Market to grow by 5% during 2020-2024, Caterpillar Inc. and Cramo Plc Emerge as Key Contributors to growth | Technavio
Technavio has been monitoring the global construction equipment rental market and it is poised to grow by USD 28.86 billion during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at Par impact on the construction equipment rental market. The market growth in 2020 is likely to Increase compared to the market growth in 2019.
Frequently Asked Questions:
Based on segmentation by product, which is the leading segment in the market?
ECRCE segment led the growth of the market in 2019.
What are the major trends in the market?
The increasing focus on AGVs is one of the key trends in the market
At what rate is the market projected to grow?
The market is expected to grow at a CAGR of 5% during the forecast period.
Who are the top players in the market?
Caterpillar Inc., Cramo Plc, HERC HOLDINGS INC., Jungheinrich AG, KION GROUP AG, Komatsu Ltd., LOXAM SAS, Sarens Bestuur NV, Toyota Industries Corp., and United Rentals Inc. are some of the major market participants.
What are the key market drivers?
The increased investment in infrastructure will offer immense growth opportunities.
How big is the NORTH AMERICA market?
The market in North America is expected to grow by 39% during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Caterpillar Inc., Cramo Plc, HERC HOLDINGS INC., Jungheinrich AG, KION GROUP AG, Komatsu Ltd., LOXAM SAS, Sarens Bestuur NV, Toyota Industries Corp., and United Rentals Inc. are some of the major market participants. The increased investment in infrastructure will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this construction equipment rental market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Construction Equipment Rental Market 2020-2024: Segmentation
Construction Equipment Rental Market is segmented as below:
Construction Equipment Rental Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The construction equipment rental market report covers the following areas:
Construction Equipment Rental Market Size
Construction Equipment Rental Market Trends
Construction Equipment Rental Market Industry Analysis
This study identifies the increasing focus on AGVs as one of the prime reasons driving the Construction Equipment Rental Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Construction Equipment Rental Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist construction equipment rental market growth during the next five years
Estimation of the construction equipment rental market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the construction equipment rental market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of construction equipment rental market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product placement
ECRCE - Market size and forecast 2019-2024
MHE - Market size and forecast 2019-2024
Market opportunity by Product
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Caterpillar Inc.
Cramo Plc
HERC HOLDINGS INC.
Jungheinrich AG
KION GROUP AG
Komatsu Ltd.
LOXAM SAS
Sarens Bestuur NV
Toyota Industries Corp.
United Rentals, Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
The "North America Dry Mix Mortar Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America)" report has been added to ResearchAndMarkets.com's offering....
Carbon Streaming Corporation (Cboe CA: NETZ) ("Carbon Streaming" or the "Company") provides an update on the Rimba Raya Project ("Rimba Raya" or the "Project"). The Company has learned of two third-party media reports that claim PT Rimba Raya...
Amgen today announced the imminent submission of a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for teprotumumab, a fully human monoclonal antibody and targeted inhibitor of the insulin-like growth factor-1...
The latest data from the US Census Bureau reflects alarming statistics from those who have had COVID-19: 32.4% of adults aged 40-49 and 28.8% of those aged 30-39 report ever experiencing long COVID, grappling with debilitating symptoms such as...
The "Indonesia Construction Equipment Rental Market - Strategic Assessment & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Indonesia construction equipment rental market was valued at $474.1 in 2023 and is...
MastercardBy Vicki HymanPhilanthropist Melinda French Gates, right, spoke with Rosario Dawson, an actor and activist for gender equality, left, and Fatoumata Bâ, center, the founder and executive chair of Janngo Capital, about how to close the...