Global Construction Equipment Rental Market to Reach $123.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Construction Equipment Rental estimated at US$ 89.4 Billion in the year 2020, is projected to reach a revised size of US$ 123.5 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027.

Earth Moving Machinery, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$ 55.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Material Handling Machinery segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $24.1 Billion, While China is Forecast to Grow at 7.6% CAGR

The Construction Equipment Rental market in the U.S. is estimated at US$ 24.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 25.8 Billion by the year 2027 trailing a CAGR of 7.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Concrete & Road Construction Machinery Segment to Record 5% CAGR

In the global Concrete & Road Construction Machinery segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 15.5 Billion in the year 2020 will reach a projected size of US$ 21.3 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 16.6 Billion by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights

World Market Trajectories

Impact of Covid-19 and a Looming Global Recession

Global Competitor Market Shares

Construction Equipment Rental Competitor Market Share Scenario Worldwide (in %): 2020E

Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS (Total 48 Featured):

Ahern Rentals, Inc.

Aktio Corporation

Ashtead Group Plc

Boels Rental

Cramo Group

H&E Equipment Services, Inc.

Herc Holdings Inc.

Kanamoto Co., Ltd.

Kiloutou

Loxam Sas

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

World Current & Future Analysis for Construction Equipment Rental by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

World Historic Review for Construction Equipment Rental by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

World 15-Year Perspective for Construction Equipment Rental by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027

World Current & Future Analysis for Earth Moving Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

World Historic Review for Earth Moving Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

World 15-Year Perspective for Earth Moving Machinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027

World Current & Future Analysis for Material Handling Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

World Historic Review for Material Handling Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

World 15-Year Perspective for Material Handling Machinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027

World Current & Future Analysis for Concrete & Road Construction Machinery by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

World Historic Review for Concrete & Road Construction Machinery by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

World 15-Year Perspective for Concrete & Road Construction Machinery by Geographic Region - Percentage Breakdown of Value Sales for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 48

For more information about this report visit https://www.researchandmarkets.com/r/6g7tda