This is primarily attributable to the rising income of companies that rent out construction equipment, which is being propelled by major infrastructure projects in developing nations as well as an increase in residential building in the US and Europe.

Forecast Increase in Revenue:

The Construction Equipment Rental Market is expected to reach US$ 152.79 Bn. by 2030, at a CAGR of 4.2% throughout the forecast period.

Construction Equipment Rental Market Overview:

An extensive analysis of the "Construction Equipment Rental Market," covering its growth, trends, and forecasts, has been provided by leading research firm Maximize Market Research.

Construction Equipment Rental Market Scope and Methodology:

This research provides a thorough analysis of the Construction Equipment Rental Market with the goal of revealing important information for tactical decision-making. The comprehensive analysis in this file looks at market characteristics, dynamics, and important points to help clients expand their successful Construction Equipment Rental Market strategies and recognize opportunities. Qualitative and quantitative records are meticulously gathered and examined by making use of all primary and secondary data resources. Large-scale findings are revealed during preliminary discussions with enterprise experts. These findings are further supported by other sources such as financial reports, white papers, and press releases. The report explains factors that are driving, limiting, and constricting the healthcare chatbot market as well as opportunities that are worth investigating.

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Construction Equipment Rental Market Segmentation:

by Equipment

Earthmoving
Material Handling
Road Building & Concrete

by Product

Backhoes
Excavators
Loaders
Crawler Dozers
Cranes
Concrete Pumps
Compactors
Transit Mixers
Concrete Mixers
Others

by Application

Residential
Commercial
Industrial

by Segment

IC Engine
Hybrid Type

Conclusion:

The Global Construction Equipment Rental Market is poised for significant growth, projected to reach USD 152.79 billion by 2030, driven by a CAGR of 4.2%. Post the 2007-2008 financial crisis, the market has stabilized, largely fueled by major infrastructure projects in developing countries and residential construction in the US and Europe. China's Belt & Road initiative and substantial infrastructure plans in Britain and North America are key contributors to this growth. The cyclical nature of the construction industry and economic fluctuations make equipment rental an attractive option over ownership. Despite recessionary challenges, low rental penetration in developing countries presents substantial opportunities for market expansion. This comprehensive report provides insights into market dynamics, competitive analysis, and future growth prospects, serving as a valuable guide for stakeholders.

Construction Equipment Rental Market Key Players:

1. United Rentals, Inc.
2. Herc Holdings Inc.
3. Ashtead Group Plc
4. Aktio Corporation
5. Loxam Sas
6. Kanamoto Co., Ltd.
7. Nishio Rent All Co., Ltd.
8. H&E Equipment Services, Inc.
9. Nikken Corporation
10.Cramo Group
11.Ramirent Plc
12.Maxim Crane Works, L.P.
13.Kiloutou
14.Sarens Nv
15.Taiyokenki Rental Co., Ltd.
16.Ahern Rentals, Inc.
17.Boels Rental
18.Speedy Hire Plc
19.Mtandt Rentals Limited
20.Nesco Rentals
21.The Hertz Corporation
22.Unirent LLC
23.Caterpillar Inc.

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Construction Equipment Rental Market Regional Insights:

The Construction Equipment Rental Market is divided into several regions, including Latin America, the Middle East, Africa, North America, Europe, and Asia Pacific. The market size, boom rates, and import-export dynamics within each location are just a few of the important factors that are thoroughly examined in this local evaluation. The report's Regional Analysis section provides unique insights into the status of the Construction Equipment Rental Market in different international regions by highlighting local trends, competitive environments, and regulatory frameworks.

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