Selbyville, Delaware, Feb. 10, 2021 (GLOBE NEWSWIRE) -- According to seasoned forecasters, North America construction equipment rental market is anticipated to record a healthy growth rate over 2020-2026, subsequently accumulating USD 55 billion by the end of the stipulated timeframe. Robust growth of construction sector is stimulating the industry growth. Moreover, high initial cost of investment for new machinery is driving attention of contractors and construction companies towards equipment rental services.
Further, rising focus of governments in the U.S. and Canada on establishing regulatory authorities to track and superintend vehicular emissions is expected to accelerate North America construction equipment rental industry expansion. For compliance with the strict regulations, rental firms are increasingly aligning their efforts on expanding their fleet with low-emission loaders, excavators, and other equipment necessary for roadbuilding, earthmoving, and paving, further enhancing the industry outlook.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/3212727/
Covid-19 impact
With the rapid spread of Covid-19 virus, North America construction equipment rental industry has taken a major hit as the countries in the region went through several economic upsets during the first two quarters of 2020. As lockdown mandates barred companies from functioning effectively, construction projects came to a halt and manufacturing units witnessed a slow growth due to decline in supply of raw materials and limited availability of skilled labors. However, the market is expected to reinvigorate with gradual economic recovery and containment of the virus in 2021.
Product landscape overview
Based on product type, North America construction equipment rental market segmentation includes concrete equipment, material handling & cranes, and earthmoving & road building equipment. Among these, material handing & cranes segment, comprising of industrial trucks, storage & handling equipment, bulk material handling equipment, and engineered systems, is slated to record strong growth over the projected timeline. Surging demand for industrial trucks, as these vehicles can reduce human efforts and boost productivity, is fostering the segmental growth.
Competitive terrain snapshot
Top contenders in North America construction equipment rental market sphere are Fortrent Oy, Cramo Group, Caterpillar, Inc., Briggs Equipment, Inc., Boels Rental, Ashtead Group plc, Aktio Corp., AJ Networks Co., Ltd., and Ahern Rentals, Inc. among others. These industry behemoths are undertaking strategies like collaborations and partnerships to extend their customer reach. For instance, Ahern Rentals Inc., in June 2020, declared Trackunit A/S as its telematics platform partner to enhance its share in the domestic market.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
North America Construction Equipment Rental Market Product Terrain (Value, USD Billion, 2015-2026)
Earthmoving & roadbuilding equipment
- Excavator
- Backhoe
- Compaction Equipment
- Loader
- Others
Material Handling and Cranes
- Engineered Systems
- Storage and Handling Equipment
- Bulk Material Handling Equipment
Concrete Equipment
- Crusher
- Concrete Pumps
- Asphalt Pavers
- Transit Mixers
- Batching Plants
North America Construction Equipment Rental Market Geographical Fragmentation (Value, USD Billion, 2015-2026)
- United States
- Canada
North America Construction Equipment Rental Market Competitive Dashboard (Value, USD Billion, 2015-2026)
- United Rentals, Inc.
- Unirent OÜ
- Sunstate Equipment Company
- Riwal Holding Group BV
- Ramirent Finland Oy
- Pekkaniska Oy
- Nesco, LLC
- Mtandt Group
- LTech Lifting Technology
- Loxam Group
- Kiloutou SAS
- Kanamoto Co., Ltd.
- Hinkel Equipment Rental Associates
- Herc Holdings, Inc.
- H&E Equipment Services, Inc.
- Fortrent Oy
- Cramo Group
- Caterpillar, Inc.
- Briggs Equipment, Inc.
- Boels Rental
- Ashtead Group plc
- Aktio Corp.
- AJ Networks Co., Ltd.
- Ahern Rentals, Inc.
Table of Content:
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 List of data sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Market Snapshot
2.1 North America construction equipment rental market snapshot
Chapter 3 North America Construction Equipment Rental Trends
3.1 Industry coverage
3.2 Industry size, 2015 - 2026
3.3 Impact of COVID-19 pandemic
3.4 Value chain analysis
3.4.1 Company product snapshot
3.5 Innovation landscape
3.6 Regulatory norms & directives
3.7 Drivers & restraints
3.7.1 Market drivers
3.7.2 Market restraints
3.8 Industry analysis - Porter's
3.9 Competitive benchmarking, 2019
3.9.1 Strategy dashboard
3.10 PEST analysis
Chapter 4 North America Construction Equipment Rental Market Size, By Product (USD)
4.1 North America construction equipment rental market share, by product, 2019 & 2026
4.2 Earthmoving & roadbuilding equipment
4.2.1 Market estimates and forecast, 2015 - 2026
4.2.2 Backhoe
4.2.2.1 Market estimates and forecast, 2015 - 2026
4.2.3 Excavator
4.2.3.1 Market estimates and forecast, 2015 - 2026
4.2.4 Loader
4.2.4.1 Market estimates and forecast, 2015 - 2026
4.2.5 Compaction equipment
4.2.5.1 Market estimates and forecast, 2015 - 2026
4.2.6 Others
4.2.6.1 Market estimates and forecast, 2015 - 2026
4.3 Material handling and cranes
4.3.1 Market estimates and forecast, 2015 - 2026
4.3.2 Storage and handling equipment
4.3.2.1 Market estimates and forecast, 2015 - 2026
4.3.3 Engineered systems
4.3.3.1 Market estimates and forecast, 2015 - 2026
4.3.4 Industrial trucks
4.3.4.1 Market estimates and forecast, 2015 - 2026
4.3.5 Bulk material handling equipment
4.3.5.1 Market estimates and forecast, 2015 - 2026
4.4 Concrete equipment
4.4.1 Market estimates and forecast, 2015 - 2026
4.4.2 Concrete pumps
4.4.2.1 Market estimates and forecast, 2015 - 2026
4.4.3 Crusher
4.4.3.1 Market estimates and forecast, 2015 - 2026
4.4.4 Transit mixers
4.4.4.1 Market estimates and forecast, 2015 - 2026
4.4.5 Asphalt pavers
4.4.5.1 Market estimates and forecast, 2015 - 2026
4.4.6 Batching plants
4.4.6.1 Market estimates and forecast, 2015 - 2026
Chapter 5 North America Construction Equipment Rental Market Share, By Region (USD)
Related Report:
Construction Equipment Market Size, Growth Potential, Competitive Market Share & Forecast, 2020-2026
Construction Equipment Market size to grow at a CAGR of over 4% between 2020 and 2026, as per new research report. According to the market report, the rising number of building maintenance and reconstruction activities in several countries across the globe is augmenting the demand for construction equipment. Demand for different kinds of heavy equipment usually depends on the size of the work as well as economy of the project. Selecting the right equipment for the right task makes the process of construction a lot simpler and faster. With technologically advanced construction equipment, the work in construction fields gets smoother, further ensuring that the project is completed before the given deadline.
About US:
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.