Construction Equipment Rental Market in l4 Industry to grow by $ 28.11bn|Technavio

 The construction equipment rental market size value is poised to grow by $ 28.11 bn during 2021-2025. The market is expected to progressing at a CAGR of over 5%. In addition, the report offers a detailed analysis of the current market scenario, which is majorly focused on the COVID-19 impact. Furthermore, our research expects have extensively covered the latest trends, challenges, and drivers and vendor strategies to overcome growth obstacles.

Construction Equipment Rental


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Construction Equipment Rental Market Trends & Drivers

The construction equipment rental market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as increased investment in infrastructure, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.  

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The construction equipment rental market has also explored key trends such as increasing penetration of rentals, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.

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Construction Equipment Rental Market: Segmentation Analysis

This market research report segments the construction equipment rental market by Product (ECRCE and MHE) and Geography (North America, Europe, APAC, MEA, and South America).

The North America region led the construction equipment rental market in 2021, followed by Europe, APAC, MEA, and South America respectively. During the forecast period, the North America region is expected to register the highest incremental growth due to factors such as .

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A few of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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