Market Overview:
The global full service long term earthmoving equipment rental market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for earthmoving equipment in various end-use industries such as construction, industrial, and agriculture. Additionally, the growing infrastructure development activities across the globe are also fueling the demand for earthmoving equipment rental services. The forklifts and telehandlers segment is expected to dominate the global full service long term earthmoving equipment rental market during the forecast period owing to their high demand in various end-use industries. The cranes segment is projected to grow at a higher CAGR than other segments during the forecast period due to increasing infrastructure development activities across regions such as Asia Pacific and Latin America.
Product Definition:
The definition of Full Service Long Term Earthmoving Equipment Rental is the renting of earthmoving equipment for a period of time that is longer than the standard rental period. The importance of Full Service Long Term Earthmoving Equipment Rental is that it allows businesses to have access to the equipment they need without having to purchase it outright.
Forklifts and Telehandlers:
Forklifts and telehandlers are used for handling heavy material in construction, warehouse and industrial applications. The global forklift market is expected to witness significant growth over the forecast period owing to its ability to lift heavy loads quickly. Forklifts offer several benefits such as they can be used by people with little or no training, they require less space while operating than traditional earthmoving equipment like tractors etc., they can be operated during any weather conditions etc.
Cranes:
Cranes are lifting devices that have a vertical post and a horizontal boom. The device is used for various applications such as construction, rescue, maintenance and so on. Cranes can be differentiated into two types: fixed cranes and portable cranes.
Application Insights:
The construction segment accounted for the largest share of over 40.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to an increase in infrastructure development projects across the globe, including railway networks, roadways, airports and bridges. Furthermore, a rise in residential & commercial constructions activities has also contributed significantly towards Full Service Long-term Earthmoving Equipment Rental Market growth.
Agriculture is likely to be one of the fastest growing segments owing to technological advancements coupled with cost-effective solutions that are implemented on a daily basis by farmers across the world using LTLT equipment rentals services from various providers such as John Deere & Company and AGCO Corporation among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing demand for full service long term earthmoving equipment rental in countries, such as China and India. In addition, rising investments in construction activities coupled with growing industrial sector are anticipated to drive the market growth over the forecast period.
The Asia Pacific region is characterized by developing economies including China and India that account for a major chunk of global manufacturing output along with Indonesia, Malaysia Philippines Singapore South Korea Thailand Vietnam among other Southeast Asian countries.
Growth Factors:
- Increasing demand for earthmoving equipment rental from the construction sector as a result of growing infrastructure development activities across the globe.
- Rising demand for full service long term earthmoving equipment rental from mining and quarrying sectors due to increasing extraction activities of natural resources globally.
- Proliferation of small and medium scale construction companies, who are increasingly adopting earthmoving equipment rental as a cost effective means to meet their project requirements.
- Growing awareness among businesses about the benefits of renting earthmoving equipment over purchasing them, which is resulting in an increase in demand for such services worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Full Service Long Term Earthmoving Equipment Rental Market Research Report
By Type
Forklifts and Telehandlers, Cranes, Hoists, Other
By Application
Industrial, Construction, Agriculture, Other
By Companies
CaterpillaR, Cramo, Jungheinrich, Loxam, Ramirent, Sarens, Toyota Industries
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Full Service Long Term Earthmoving Equipment Rental Market Report Segments:
The global Full Service Long Term Earthmoving Equipment Rental market is segmented on the basis of:
Types
Forklifts and Telehandlers, Cranes, Hoists, Other
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
Industrial, Construction, Agriculture, Other
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:
- CaterpillaR
- Cramo
- Jungheinrich
- Loxam
- Ramirent
- Sarens
- Toyota Industries
Highlights of The Full Service Long Term Earthmoving 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:
- Forklifts and Telehandlers
- Cranes
- Hoists
- Other
- By Application:
- Industrial
- Construction
- Agriculture
- Other
- 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 Full Service Long Term Earthmoving 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?
Full Service Long Term Earthmoving Equipment Rental is a rental service that offers customers access to a wide variety of earthmoving equipment, including bulldozers, backhoes, loaders and excavators. This service allows customers to rent equipment for a set period of time (usually between one and two weeks), and then return the equipment clean and ready for use. Full Service Long Term Earthmoving Equipment Rental also offers customer support throughout the rental process, ensuring that everything goes smoothly from start to finish.
Some of the major players in the full service long term earthmoving equipment rental market are CaterpillaR, Cramo, Jungheinrich, Loxam, Ramirent, Sarens, Toyota Industries.
The full service long term earthmoving equipment rental market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Full Service Long Term Earthmoving 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 Full Service Long Term Earthmoving Equipment Rental Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Full Service Long Term Earthmoving 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 Full Service Long Term Earthmoving 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 Full Service Long Term Earthmoving Equipment Rental Market Size & Forecast, 2020-2028
4.5.1 Full Service Long Term Earthmoving Equipment Rental Market Size and Y-o-Y Growth
4.5.2 Full Service Long Term Earthmoving 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 Forklifts and Telehandlers
5.2.2 Cranes
5.2.3 Hoists
5.2.4 Other
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 Industrial
6.2.2 Construction
6.2.3 Agriculture
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Full Service Long Term Earthmoving 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 Full Service Long Term Earthmoving 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 Forklifts and Telehandlers
9.6.2 Cranes
9.6.3 Hoists
9.6.4 Other
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 Industrial
9.10.2 Construction
9.10.3 Agriculture
9.10.4 Other
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 Forklifts and Telehandlers
10.6.2 Cranes
10.6.3 Hoists
10.6.4 Other
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 Industrial
10.10.2 Construction
10.10.3 Agriculture
10.10.4 Other
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 Forklifts and Telehandlers
11.6.2 Cranes
11.6.3 Hoists
11.6.4 Other
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 Industrial
11.10.2 Construction
11.10.3 Agriculture
11.10.4 Other
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 Forklifts and Telehandlers
12.6.2 Cranes
12.6.3 Hoists
12.6.4 Other
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 Industrial
12.10.2 Construction
12.10.3 Agriculture
12.10.4 Other
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 Forklifts and Telehandlers
13.6.2 Cranes
13.6.3 Hoists
13.6.4 Other
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 Industrial
13.10.2 Construction
13.10.3 Agriculture
13.10.4 Other
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 Full Service Long Term Earthmoving Equipment Rental Market: Competitive Dashboard
14.2 Global Full Service Long Term Earthmoving Equipment Rental Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CaterpillaR
14.3.2 Cramo
14.3.3 Jungheinrich
14.3.4 Loxam
14.3.5 Ramirent
14.3.6 Sarens
14.3.7 Toyota Industries
