Construction Equipment Rental Market Trends, Industry Growth by 2024

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Construction Equipment Rental Market to
exceed USD 140 billion by 2024
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Key Insights from Construction Equipment Rental Market:
 Increasing residential & commercial construction projects globally are anticipated to drive the
construction equipment rental market. Improving standards of living and increasing disposable
income of people across the emerging economies have led to increased investments in malls &
amusement parks, generating demand for the rental industry.
 Rising reconstruction activities in the U.S. followed by the aging infrastructures are propelling
the need to replace it with sturdy structures is propelling the growth of around 3.5% CAGR in
the U.S. construction equipment rental market growth.
 The demand for modernized structures has paved way for smart buildings & smart cities,
compelling various regional governments to heavily invest in the infrastructure development.
 Population growth, environmental impacts and urbanization has up surged the need for smart
and sustainable infrastructure solutions.
 Large construction projects by various regional governments, such as Al Maktoum Airport in
Dubai, South-to-North Water Transfer Project in China, Crossrail Project in the UK, and
Rashtriya Rajmarg Zila Sanjoyokta Pariyojna in India, are expected to contribute to the
construction equipment rental market growth.
© Global Market Insights, Inc. 2018 www.gminsights.com

Construction Equipment Rental Market Key Insights
(Continued..)
 Owning heavy construction equipment leads to increased maintenance and ownership
expenses.
 Businesses that have budgetary constraints prefer renting equipment since it helps them to
reduce the overall project expenditure. In addition, renting equipment saves the hassle of
transporting machinery to project sites.
 It also provides the flexibility of renting customized equipment for the suitable construction
projects under consideration. Renting equipment cushions the company from unpredictable
financial downturns in the industry.

U.S. Construction Equipment Rental Market, By Product, 2017 & 2024
(USD Million)

Growth Drivers:
Company Profiles:
 High initial costs of construction equipment
 Rising equipment rental demand in the U.S.
 Key players in the construction equipment rental market include Ahern Rentals, Inc.,
Ashtead Group, Blueline Rental LLC, Cramo PLC, Loxam Group, Shanghai Hongxin
Equipment Engineering Co., Ltd., Caterpillar, Inc., Herc Holdings, Riwal, Nesco
Rentals, and United Rentals, Inc.
Browse Full Report On Construction Equipment Rental Market @ https://bit.ly/2dkwrtJ

A. Forecasts in volume as units and revenue in USD Million for 2018 to 2024 on following
segments
B. Segmentation Coverage
Report Coverage

For Standard Research Methodology:
https://bit.ly/2IqQKU1
For In-Depth Table of Contents:
https://bit.ly/2K782Tm
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Construction Equipment Rental Market Trends, Industry Growth by 2024

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