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Construction equipment rental is witnessing high demand with increasing construction activities such as roads, bridges, highways, and residential buildings. With rapidly growing population and urbanization, the construction equipment rental market is likely to experience growth in the coming years. Various benefits of rental and increasing demand for construction equipment would further create growth prospects. The rental trend is slowly penetrating in the global market.
The construction equipment rental market is anticipated to grow in the forecast period owing to driving factors such as increasing building and construction activities and rising global shift towards rental. Moreover, cost-effectiveness is another factor fueling market growth. However, the construction industry’s susceptibility to economic recession might hinder the construction equipment rental market. On the other hand, low rental penetration in developing nations is likely to garner significant opportunities for the construction equipment rental market and key players over the coming years.
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Top Dominating Key Players:
The global construction equipment rental market is segmented on the basis of equipment type and end user. Based on equipment type, the market is segmented as earth moving equipment, material handling equipment, and infrastructure construction equipment. The market on the basis of the end user is classified as construction, metal and mining, agriculture, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global construction equipment rental market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The construction equipment rental market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting construction equipment rental market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the construction equipment rental market in these regions.
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Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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