Market Overview:
The global equipment rental market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for equipment rental services from various industries such as oil and gas, construction, mining, power and others. In addition, the growing trend of online rentals is also contributing to the growth of this market. The global equipment rental market by type is segmented into online rental and offline rental. The offline rental segment accounted for a larger share of the global equipment rental market in 2017 and is expected to continue its dominance during the forecast period.
Product Definition:
Equipment rental is the leasing of equipment for a specific amount of time. This can be for a one-time event or for an extended period of time. The importance of equipment rental is that it provides businesses with the ability to have access to the latest technology and equipment without having to make a large purchase. It also allows businesses to avoid having to maintain and store their own equipment.
Online Rental:
Online rental is a service that allows customers to make short term lease agreements for various equipment. It also helps the end-users in availing discounts on the residual value of the equipment. The advent of online rental has revolutionized Equipment Rental Market and has been a key factor driving its growth over the past few years.
Offline Rental:
Offline rental is also known as the “equipment rental”. It is a service where the customer can lease or rent equipment such as power tools, construction equipment, vehicles and others on a temporary basis. The customer does not need to purchase the equipment initially and he/she can use it for some time until the contract ends with either party opting for another agreement.
Application Insights:
The construction industry accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the growing infrastructure spending in emerging economies across the Asia Pacific and Latin America. The mining industry is also likely to witness significant growth owing to rising demand for equipment rental services from prospectors, mineral owners and exploration companies working in remote locations or hard-to-reach places where machinery cannot be taken due to logistical constraints.
The oil & gas industry is anticipated to grow at a CAGR of XX% from 2018 to 2030 on account of increasing investments coupled with technological advancements being made by various oil & gas companies worldwide including StatoilHydro, BP plc., RepsolSantezFaria SPA., Royal Dutch Shell plc., etc.
Regional Analysis:
Asia Pacific dominated the global equipment rental market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for on-demand rental equipment from end-users such as oil and gas, construction, and mining industries. In addition, rising investments by governments in developing countries are anticipated to drive regional growth over the coming years.
The growing manufacturing sector in Asia Pacific economies including China and India is projected to fuel product adoption across various industries thereby driving regional revenue generation. Furthermore, increasing government initiatives towards infrastructure development are estimated to augment market size during the forecast period. For instance; Government of India has planned ‘Make in India’ initiative which focuses on manufacturing sector development through policy support aimed at reducing procedural delays associated with obtaining clearances from regulatory authorities such as Ministry of Environment & Forest (MoEF) and Central Bureau of Excise & Customs (CBEC).
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rapid growth in the industrial sector
- Rising disposable income of consumers
- Proliferation of rental companies and increasing competition among them
- Technological advancements that have led to the development of new equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Equipment Rental Market Research Report
By Type
Online Rental, Offline Rental
By Application
Oil and Gas Industry, Construction Industry, Mining Industry, Power Industry, Others
By Companies
Hertz Equipment Rental, Sunbelt Rentals, United Rentals, Atlas Copco, Caterpillar, Aggreko, AKTIO Corporation, Ashtead Group, BlueLine Rental, Cramo, Deere & Company, Fabick CAT, Herc Rentals, Kanamoto, Loxam, Maxim Crane Works, Mustang CAT, Nishio Rent All, Nikken Corporation (Mitsubishi Corporation), Sims Crane & Equipment, Stephensons Rental Services, Sunstate Equipment Company, Titan Machinery
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Equipment Rental Market Report Segments:
The global Equipment Rental market is segmented on the basis of:
Types
Online Rental, Offline Rental
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas Industry, Construction Industry, Mining Industry, Power Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hertz Equipment Rental
- Sunbelt Rentals
- United Rentals
- Atlas Copco
- Caterpillar
- Aggreko
- AKTIO Corporation
- Ashtead Group
- BlueLine Rental
- Cramo
- Deere & Company
- Fabick CAT
- Herc Rentals
- Kanamoto
- Loxam
- Maxim Crane Works
- Mustang CAT
- Nishio Rent All
- Nikken Corporation (Mitsubishi Corporation)
- Sims Crane & Equipment
- Stephensons Rental Services
- Sunstate Equipment Company
- Titan Machinery
Highlights of The Equipment Rental Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online Rental
- Offline Rental
- By Application:
- Oil and Gas Industry
- Construction Industry
- Mining Industry
- Power Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Equipment Rental Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Equipment rental is the act of renting tools, machines, and other equipment for a specific job.
Some of the key players operating in the equipment rental market are Hertz Equipment Rental, Sunbelt Rentals, United Rentals, Atlas Copco, Caterpillar, Aggreko, AKTIO Corporation, Ashtead Group, BlueLine Rental, Cramo, Deere & Company, Fabick CAT, Herc Rentals, Kanamoto, Loxam, Maxim Crane Works, Mustang CAT, Nishio Rent All, Nikken Corporation (Mitsubishi Corporation), Sims Crane & Equipment, Stephensons Rental Services, Sunstate Equipment Company, Titan Machinery.
The equipment rental market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Equipment Rental Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Equipment Rental Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Equipment Rental Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Equipment Rental Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Equipment Rental Market Size & Forecast, 2020-2028
4.5.1 Equipment Rental Market Size and Y-o-Y Growth
4.5.2 Equipment Rental Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Online Rental
5.2.2 Offline Rental
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas Industry
6.2.2 Construction Industry
6.2.3 Mining Industry
6.2.4 Power Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Equipment Rental Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Equipment Rental Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Online Rental
9.6.2 Offline Rental
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas Industry
9.10.2 Construction Industry
9.10.3 Mining Industry
9.10.4 Power Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Online Rental
10.6.2 Offline Rental
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas Industry
10.10.2 Construction Industry
10.10.3 Mining Industry
10.10.4 Power Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Online Rental
11.6.2 Offline Rental
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas Industry
11.10.2 Construction Industry
11.10.3 Mining Industry
11.10.4 Power Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Online Rental
12.6.2 Offline Rental
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas Industry
12.10.2 Construction Industry
12.10.3 Mining Industry
12.10.4 Power Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Online Rental
13.6.2 Offline Rental
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas Industry
13.10.2 Construction Industry
13.10.3 Mining Industry
13.10.4 Power Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Equipment Rental Market: Competitive Dashboard
14.2 Global Equipment Rental Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hertz Equipment Rental
14.3.2 Sunbelt Rentals
14.3.3 United Rentals
14.3.4 Atlas Copco
14.3.5 Caterpillar
14.3.6 Aggreko
14.3.7 AKTIO Corporation
14.3.8 Ashtead Group
14.3.9 BlueLine Rental
14.3.10 Cramo
14.3.11 Deere & Company
14.3.12 Fabick CAT
14.3.13 Herc Rentals
14.3.14 Kanamoto
14.3.15 Loxam
14.3.16 Maxim Crane Works
14.3.17 Mustang CAT
14.3.18 Nishio Rent All
14.3.19 Nikken Corporation (Mitsubishi Corporation)
14.3.20 Sims Crane & Equipment
14.3.21 Stephensons Rental Services
14.3.22 Sunstate Equipment Company
14.3.23 Titan Machinery
