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The Construction Equipment Rental Market size was estimated at USD 122.3 Billion in 2023 and is expected to reach USD 190.86 Billion by 2032 at a CAGR of 5.07% during the forecast period of 2024-2032.
The Construction Equipment Rental Market has witnessed significant growth in recent years, driven by a surge in infrastructure development and construction activities worldwide. This market encompasses the rental of heavy machinery and equipment, including excavators, loaders, cranes, and aerial work platforms. The rise in urbanization, particularly in developing economies, has led to increased demand for construction services, which, in turn, has bolstered the rental market. Businesses prefer renting equipment over purchasing due to cost-effectiveness, reduced maintenance expenses, and flexibility in operations. This trend is especially prevalent among small to medium-sized enterprises (SMEs) that may lack the capital to invest in expensive machinery. Moreover, the ongoing shift towards sustainable construction practices has propelled the adoption of rental services, as they facilitate access to advanced, eco-friendly equipment without the long-term commitment of ownership. Several factors are fueling the growth of the Construction Equipment Rental Market. One primary driver is the increasing government investment in infrastructure projects. For instance, initiatives aimed at developing smart cities and enhancing transportation networks are prompting construction firms to expand their operations rapidly. This escalation necessitates the rental of specialized equipment that might not be viable for companies to purchase outright. Additionally, the construction industry’s growing emphasis on reducing carbon footprints has led to a demand for equipment that meets stringent environmental regulations, which rental companies are increasingly offering.
Recent trends highlight the growing reliance on technology within the rental sector. The integration of telematics and IoT in construction equipment allows for real-time monitoring, predictive maintenance, and enhanced operational efficiency. Companies are leveraging these technologies to optimize their fleets, reduce downtime, and improve safety on job sites. Construction firms are increasingly seeking rental options that feature energy-efficient and low-emission equipment, driven by regulatory pressures and a societal shift toward environmentally responsible practices. Rental companies are responding by updating their fleets with the latest green technologies, thereby enhancing their competitive edge.
DRIVERS
One of the main factors that has been driving demand for construction equipment rentals is the substantial rise in construction activities taking place in residential, commercial and infrastructure sectors. Emerging economies have long prioritized infrastructure development as a critical enabling factor of economic growth and social progress, with significant funds being (eroded) into the sector by their respective governments. Projects such as building roads, bridges, schools and health clinics are essential in raising living standards but also generating employment and stimulating local economies. Meanwhile, and private sector funds are investment in real estate construction and market as the shopping centers, offices buildings office buildings were land established estate developments. This has led to a dramatic increase in demand for ever more specialised construction machinery, much of which is only made by one company. Equipment rental is still a significant trend among contractors including small and medium-sized companies, as they experience high CAPEX associated with ownership of machines, along with the drag of maintenance costs. This is where hiring comes into focus for these businesses as it allows them to gain access to the latest equipment without actually owning them and focusing more on their project execution. In addition to this, rapid pace of urbanization further boosts the residential construction activities which triggers the need for renting different types of construction equipment. Rapid population growth and urbanization in cities across the globe are forcing the construction industry to keep up with infrastructure and housing requirements, fueling demand in the rental sector. All in all, the constantly growing construction sector, backed by heavy state and private investments is working well for the construction equipment rental market.
Technological advancements in construction equipment play a pivotal role in driving the demand for rentals. Innovations such as advanced machinery equipped with improved fuel efficiency, enhanced safety features, and cutting-edge automation capabilities have transformed the construction landscape. These modern machines not only reduce operational costs but also improve overall project efficiency and safety on job sites. As construction companies seek to stay competitive, they increasingly prefer renting the latest models rather than investing in outdated equipment that may lack these enhancements. Renting allows businesses to access state-of-the-art machinery without the financial burden of purchasing and maintaining it. Furthermore, many rental companies regularly update their fleets, ensuring that clients have access to the most efficient and technologically advanced equipment available. This trend highlights the industry's shift toward maximizing productivity and safety, solidifying the growing preference for construction equipment rentals in an ever-evolving market.
RESTRAIN
High maintenance costs represent a significant challenge for construction equipment rental companies. While renting equipment can be a cost-effective solution for many customers, rental firms must continuously manage the upkeep and repair of their fleets to ensure operational efficiency and safety. Regular maintenance is essential to minimize equipment downtime and prolong asset lifespan, but it also incurs substantial expenses. These costs include routine servicing, parts replacement, and repairs due to wear and tear. If rental companies fail to effectively manage these maintenance expenses, they risk eroding their profit margins, which can lead to increased rental prices for customers. Higher costs may discourage potential clients from renting equipment and push them towards alternative solutions, such as purchasing their own machinery. Consequently, maintaining a delicate balance between affordability for customers and sustainable profitability for rental companies is crucial to thrive in this competitive market.
By Product
The earthmoving machinery segment accounted for a major market share of over 56.72% in 2023. Growing earthmoving excavator demand from key end-use industries such as agriculture, mining and construction is enabling industries to continue their operations. Its other earthmoving equipment’s backhoe loaders, crawler excavators, skid-steer loaders and mini excavators are having heavy load capacity with high engine performance. Earthmoving equipment such as Crawler or Bulldozer has these features making it able to used even in very tough and worst working environment.
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REGIONAL ANALYSIS
North America region is currently dominating the market, valued at approximately 31.3% in 2023. The segment is to hold a leading market position throughout the forecast period. Increased application-specific advanced machinery at competitive cost is one of the major growth drivers for construction equipment companies in the region. It is greatly preferred for the specialized equipment as it cuts down the operation time, idling time and as a result overall construction or mining activity has been optimized.
Asia Pacific is expected to witness fastest growing during the forecast period. To enhance the connectivity for Home to be established between countries in order to do more trade and make the economy better Governments of Asian emerging economies are investing very large on construction of highways, airports, dams, SEZs. As a result, these initiatives have caught the eye of construction equipment companies abroad on a large scale as they are encouraged to pour in substantial funds and establish their companies there.
Some of the major players in the Construction Equipment Rental Market:
Ahern Rentals Inc.: (Scissor Lifts, Boom Lifts)
AKTIO Corporation: (Excavators, Bulldozers)
Caterpillar Inc.: (Excavators, Loaders, Generators)
Byrne Equipment Rental: (Generators, Portable Toilets)
Cramo Plc: (Scaffolding, Aerial Work Platforms)
Finning International Inc.: (Skid Steer Loaders, Compact Track Loaders)
Liebherr-International AG: (Cranes, Excavators, Dump Trucks)
Kanamoto Co., Ltd.: (Excavators, Aerial Work Platforms)
Maxim Crane Works, L.P.: (Crawler Cranes, All-Terrain Cranes)
United Rentals, Inc.: (Telehandlers, Backhoe Loaders)
Boels Rental: (Forklifts, Scaffolding)
H&E Equipment Services Inc.: (Excavators, Aerial Lifts)
Sunbelt Rentals: (Generators, Compactors)
Riwal: (Boom Lifts, Telehandlers)
Loxam: (Mini Excavators, Power Generators)
Terex Corporation: (Articulated Dump Trucks, Cranes)
Hilti Corporation: (Power Tools, Diamond Tools)
Neff Rental: (Excavators, Light Towers)
Linde Material Handling: (Forklifts, Warehouse Equipment)
Apex Tool Group: (Hand Tools, Power Tools)
In June 2023: H&E Equipment Services Inc. (H&E) inaugurated its 22nd rental location in Texas with the opening of a new branch in Houston South, catering to various construction and general industrial equipment needs.
In April 2023: Boels Rental acquired BAS Maskinutleie, a Norwegian company, thereby expanding its Nordic subsidiary Cramo and extending its rental services across the Nordic region.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 122.3 Billion |
| Market Size by 2032 | USD 190.86 Billion |
| CAGR | CAGR of 5.07% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery) • By Application (Residential, Commercial, Industrial) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Ahern Rentals Inc., AKTIO Corporation, Caterpillar Inc, Byrne Equipment Rental, Cramo Plc, Finning International Inc., Liebherr-International AG, Kanamoto Co., Ltd, Maxim Crane Works, L.P., United Rentals, Inc, Boels Rental, H&E Equipment Services Inc,Sunbelt Rentals,Riwal,Loxam,Terex Corporation,Hilti Corporation,Neff Rental, Linde Material Handling,Apex Tool Group |
| Key Drivers | • The rising number of construction projects in residential, commercial, and infrastructure sectors, bolstered by substantial investments from governments and private sectors in emerging economies, is driving demand for construction equipment rental. • Technological advancements in construction equipment, featuring improved fuel efficiency and enhanced safety features, encourage rentals as customers prefer accessing the latest models rather than investing in outdated machinery. |
| RESTRAINTS | • While renting is generally cost-effective, rental companies encounter substantial maintenance and repair costs for their equipment fleets, which, if not effectively managed, can diminish profit margins and result in increased rental prices. |
Ans: The Construction Equipment Rental Market is expected to grow at a CAGR of 5.07% Over the Forecast Period of 2024-2032.
Ans: Construction Equipment Rental Market size was USD 122.3 Billion in 2023 and is expected to Reach USD 190.86 Billion by 2032.
Ans: Earthmoving machinery segmentation is the dominating segment By Product in the Construction Equipment Rental Market.
Ans: The rising number of construction projects in residential, commercial, and infrastructure sectors, bolstered by substantial investments from governments and private sectors in emerging economies, is driving demand for construction equipment rental.
Ans: North America is the dominating region in the Construction Equipment Rental Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Manufacturing Output, by region, (2020-2023)
5.2 Utilization Rates, by region, (2020-2023)
5.3 Maintenance and Downtime Metrix
5.4 Technological Adoption Rates, by region
5.6 Export/Import Data, by region (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Construction Equipment Rental Market Segmentation, By Product
7.1 Chapter Overview
7.2 Earth Moving Machinery
7.2.1 Earth Moving Machinery Market Trends Analysis (2020-2032)
7.2.2 Earth Moving Machinery Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Material Handling Machinery
7.3.1 Material Handling Machinery Market Trends Analysis (2020-2032)
7.3.2 Material Handling Machinery Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Concrete and Road Construction Machinery
7.4.1 Concrete and Road Construction Machinery Market Trends Analysis (2020-2032)
7.4.2 Concrete and Road Construction Machinery Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Construction Equipment Rental Market Segmentation, By Application
8.1 Chapter Overview
8.2 Residential
8.2.1 Residential Market Trends Analysis (2020-2032)
8.2.2 Residential Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Commercial
8.3.1 Commercial Market Trends Analysis (2020-2032)
8.3.2 Commercial Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Industrial
8.4.1 Industrial Market Trends Analysis (2020-2032)
8.4.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Construction Equipment Rental Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.4 North America Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.5.2 USA Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.6.2 Canada Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.7.2 Mexico Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Construction Equipment Rental Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.5.2 Poland Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.6.2 Romania Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Construction Equipment Rental Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.4 Western Europe Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.5.2 Germany Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.6.2 France Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.7.2 UK Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.8.2 Italy Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.9.2 Spain Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.10.1 Switzerland Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.10.2 Switzerland Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.12.2 Austria Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia-Pacific
9.4.1 Trends Analysis
9.4.2 Asia-Pacific Construction Equipment Rental Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia-Pacific Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.4 Asia-Pacific Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.5.2 China Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.5.2 India Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.5.2 Japan Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.6.2 South Korea Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.2.7.2 Vietnam Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.8.2 Singapore Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.9.2 Australia Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia-Pacific
9.4.10.1 Rest of Asia-Pacific Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia-Pacific Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Construction Equipment Rental Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.4 Middle East Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.5.2 UAE Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Construction Equipment Rental Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.2.4 Africa Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Construction Equipment Rental Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.4 Latin America Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.5.2 Brazil Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.6.2 Argentina Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.7.2 Colombia Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Construction Equipment Rental Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Construction Equipment Rental Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.1 Ahern Rentals Inc.
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
10.1.4 SWOT Analysis
10.2 AKTIO Corporation
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Caterpillar Inc
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Byrne Equipment Rental
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Cramo Plc
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Finning International Inc
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Liebherr-International AG
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Kanamoto Co., Ltd
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 Maxim Crane Works
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 United Rentals, Inc
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Products/ Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
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When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments
By Product
Earth Moving Machinery
Material Handling Machinery
Concrete and Road Construction Machinery
By Application
Residential
Commercial
Industrial
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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