The construction equipment rental market size exceeded $120 billion in 2019 and is expected to grow at a 4% CAGR between 2021 and 2027. The changing demand patterns along with rising labor costs in countries such as India and China are creating strong market demand for leasing. equipment. Several benefits, such as technology and maintenance cost savings provided by rental equipment providers, are encouraging construction companies to rent equipment to complete projects in a timely manner. With the increase in human damage during construction activities, organizations have provided new market opportunities by replacing existing construction technologies with IoT, telematics and AI integrated machines.
A full report of Construction Equipment Rental Market available at https://www.orionmarketreports.com/construction-equipment-rental-market/24376/
Construction Equipment Rental Market Segmentations
On the basis of equipment:
• Earthmoving
• Material Handling
• Road Building & Concrete
On the basis product:
• Backhoes
• Excavators
• Loaders
• Crawler Dozers
• Cranes
• Concrete Pumps
• Compactors
• Transit Mixers
• Concrete Mixers
• Others
Major Players
• United Rentals Inc.
• Herc Rentals
• H&E Equipment Services
• Loxam
• Ashtead Group PLC
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
