MarketResearchNest.com
adds “Global Construction Machinery
Leasing Market Growth (Status and Outlook) 2019-2024”new report to its
research database.
A construction job mandates a large number of heavy
machines. There are a number of advantages to lease the construction.
Primarily, many contractors want to be able to stay on the cutting edge of
technology. New tools are emerging all the time, and leasing equipment means
that contractors can utilize the latest products available without taking on
extravagant costs. When the lease is up, contractors can simply opt for the
newest line of products available.
The practice of leasing instead of purchasing heavy
machinery has proven to be beneficial for companies of all sizes across
numerous industries, Lower administrative overhead coupled with reduced expense
and maintenance will drive construction equipment rental market size. Since
industry vendors need to comply with the pervasive regulatory landscape, buyers
benefit from elimination of replacement costs and associated expenditure. Other
trends positively impacting revenue include growing technological advancements
ranging from multifunctional machinery to apps for monitoring fuel consumption.
The Construction Machinery Leasing market is very
fragmentation market, United Rentals, Ashtead Group, Aktio Corp, Kanamoto,
Hertz Equipment Rental, Loxam Group, Blueline Rent, Ahern Rentals, Nishio Rent,
Aggreko, Maxim Crane Works and SCMC are the leaders of the industry; the
revenue of top ten manufacturers accounts about 20% of the total revenue in
2017. The high-end products mainly come from USA and Japan.
United States is the world's most mature rental market,
Enjoyed about 43.82% construction machinery lease market share. Asia and Europe
are currently witnessing large-scale infrastructure development activities,
which is raising demand for construction equipment. Also, as most of the
projects are undertaken with private investment money, where the utilization of
equipment is limited to a short duration, contractors prefer to use equipment
on a rental basis.
Barriers to entry for the Construction Equipment Rental and
Leasing industry are high, although they may be medium for some smaller,
specialist firms. Large firms in this industry require a substantial stock of
construction machinery and equipment to offer customers. Therefore, required
funding levels to purchase a wide range, and vast volumes, of this equipment
are high. New firms to this industry may have difficulty in accessing the funds
required to purchase a large and extensive range of construction products.
Prevailing economic uncertainty is likely to result in more stringent lending
procedures, also increasing entry barriers for new firms.
The equipment rental industry is gaining huge prominence
across the globe. Although, in emerging economies, such as Asia, the industry
is still in the nascent stage, it is projected to witness high growth in the
coming years. An increase in the awareness of the equipment rental industry and
growing investment in the construction industry will drive the equipment rental
market.
According to this study, over the next five years the
Construction Machinery Leasing market will register a 8.3% CAGR in terms of
revenue, the global market size will reach US$ 102500 million by 2024, from US$
63600 million in 2019. In particular, this report presents the global revenue
market share of key companies in Construction Machinery Leasing business, shared
in Chapter 3.
This report presents a comprehensive overview, market shares
and growth opportunities of Construction Machinery Leasing market by product
type, application, key companies and key regions.
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This study considers
the Construction Machinery Leasing value generated from the sales of the
following segments:
Segmentation by
product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to
2024 in section 10.7.
·
Earth
Moving Equipment
·
Material
Handling and Cranes
·
Road
Building Equipment
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 10.8.
·
Commercial
·
Individual
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC, China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK,
Italy, Russia, Spain, Middle East and Africa, Egypt,South Africa, Israel,
Turkey, GCC Countries
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contents and data tables @
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
United Rentals
·
Ashtead Group
·
Aktio Corp
·
Kanamoto
·
Hertz Equipment Rental
·
Loxam Group
·
Blueline Rent
·
Ahern Rentals
·
Nishio Rent
·
Aggreko
·
Maxim Crane Works
·
SCMC
In addition, this
report discusses the key drivers influencing market growth, opportunities, the
challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future
development.
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Research objectives
·
To study and analyze the global Construction
Machinery Leasing market size by key regions/countries, product type and
application, history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Construction
Machinery Leasing market by identifying its various subsegments.
·
Focuses on the key global Construction Machinery
Leasing players, to define, describe and analyze the value, market share,
market competition landscape, SWOT analysis and development plans in next few
years.
·
To analyze the Construction Machinery Leasing
with respect to individual growth trends, future prospects, and their
contribution to the total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the size of Construction Machinery
Leasing submarkets, with respect to key regions (along with their respective
key countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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