Construction Equipment Rental Market (Updated Version Available)

The universal Construction Equipment Rental market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
A construction job mandates a large number of heavy machines. There are a number of advantages to lease the construction. Primarily, many contractors want to be able to stay on the cutting edge of technology. New tools are emerging all the time, and leasing equipment means that contractors can utilize the latest products available without taking on extravagant costs. When the lease is up, contractors can simply opt for the newest line of products available.
The practice of leasing instead of purchasing heavy machinery has proven to be beneficial for companies of all sizes across numerous industries, Lower administrative overhead coupled with reduced expense and maintenance will drive construction equipment rental market size. Since industry vendors need to comply with the pervasive regulatory landscape, buyers benefit from elimination of replacement costs and associated expenditure. Other trends positively impacting revenue include growing technological advancements ranging from multifunctional machinery to apps for monitoring fuel consumption.
Thailand is the ASEAN\'s largest rental market, Enjoyed about 23.62% construction equipment rental market share. Vietnam and Indonesia are currently witnessing large-scale infrastructure development activities, which is raising demand for construction equipment. Also, as most of the projects are undertaken with private investment money, where the utilization of equipment is limited to a short duration, contractors prefer to use equipment on a rental basis.

In the global Construction Equipment Rental market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.

In market segmentation by manufacturers, the report covers the following companies-
Sin Heng Heavy Machinery Limited
Aktio Co., Ltd.
UMW
Nishio Rentall
Tat Hong
Superkrane Equipments
Rent (Thailand) Co.,Ltd.
Kanamoto Co., Ltd.
Guzent
SCMC
Hillcon
INA
Asia Machinery Solutions Vietnam

In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In market segmentation by types :
Earth Moving Equipment
Material Handling and Cranes
Road Building Equipment

In market segmentation by applications :
Commercial
Individual

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Construction Equipment Rental market for the forecast period 2020 - 2025?
• What are the driving forces in the Construction Equipment Rental market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Construction Equipment Rental industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?