Market Overview:
The global heavy 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 heavy equipment in construction and industrial applications across the globe. Additionally, factors such as rising disposable income, growing population, and rapid urbanization are also contributing to the growth of this market. On the basis of type, bulldozers accounted for a major share of the global heavy equipment rental market in 2017. This can be attributed to their high demand in construction applications across regions such as North America and Europe. Forklifts are another type of heavy equipment that is witnessing high demand from industrial users owing to their ability to handle large loads with ease. Excavators are also witnessing high adoption rates due to their ability to perform various tasks such as digging trenches or holes, demolition etc.
Product Definition:
Heavy equipment rental is the process of renting heavy equipment, such as bulldozers, excavators or cranes. Heavy equipment rental is important for a variety of reasons. It can help companies save money on capital expenses, it can help them get work done more quickly and it can help them avoid buying and maintaining their own heavy equipment.
Bulldozers:
bulldozers are used for earthmoving and construction applications. The global heavy equipment rental market is expected to witness significant growth over the forecast period owing to the factors such as rapid urbanization, increasing infrastructure spending, rising demand for housing and commercial constructions.
The key driver of this industry is rapid industrialization in emerging markets of Asia Pacific and Latin America coupled with growing construction activities in these regions.
Forklifts:
Forklifts are lifting devices with two or more parallel tines which are used to lift and transfer materials from one position to another. It is widely used in construction, material handling, warehouse & distribution and other industries. Forklifts can be powered by electricity or manual effort depending upon the type of operation it performs. The rental companies provide forklift trucks as per client requirements at a reasonable price range with an option of customizing the truck as per business needs.
Application Insights:
The construction application segment accounted for the largest revenue share of over 40.0% in 2017 and is expected to witness significant growth over the forecast period. The growth can be attributed to increasing infrastructure development activities across various regions, including North America and Europe. For instance, according to a blog by PlasticsEurope, demand for heavy equipment has increased significantly in recent years owing to an increase in infrastructure projects such as housing complexes & commercial buildings, public works like roads & bridges along with other non-public works like sports stadiums & gardens.
The industrial application segment is expected register a CAGR of XX% from 2018 to 2030 owing to rising demand from manufacturing industries across various regions including Asia Pacific.
Regional Analysis:
Asia Pacific dominated the global heavy equipment rental market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for heavy machinery from developing countries such as China, India, and Japan. Furthermore, rising infrastructure activities coupled with rapid urbanization in these regions are projected to drive the overall rental industry growth over the next eight years.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2016 owing to growing construction activities along with an increase in public & private spending on infrastructural development projects such as airports and sports complexes across U.S., Canada, Mexico, Central & South America (CSA), Europe among other regions.
Growth Factors:
- Increasing construction and infrastructure activities across the globe.
- Rapid growth in the mining and oil & gas sectors, which is resulting in increased demand for heavy equipment rental services.
- Rising awareness about the benefits of renting heavy equipment instead of purchasing them, which is helping to boost the market growth.
- Proliferation of online rental platforms that are making it easier for customers to find and book heavy equipment rentals services quickly and easily.
- Growing demand from emerging markets such as China, India, Brazil, etc., which is providing a major impetus to the market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Equipment Rental Market Research Report
By Type
Bulldozers, Forklifts, Excavators, Others
By Application
Construction, Industrial
By Companies
BigRentz, Inc, ISCO Machinery Inc, Laxyo Energy Ltd, Tat Hong Holdings Ltd, United Rentals, Aktio Corp, Kanamoto, Hertz Equipment Rental, Loxam Group, Blueline Rent, Nishio Rent, Maxim Crane Works
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Equipment Rental Market Report Segments:
The global Heavy Equipment Rental market is segmented on the basis of:
Types
Bulldozers, Forklifts, Excavators, Others
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
Construction, Industrial
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:
- BigRentz, Inc
- ISCO Machinery Inc
- Laxyo Energy Ltd
- Tat Hong Holdings Ltd
- United Rentals
- Aktio Corp
- Kanamoto
- Hertz Equipment Rental
- Loxam Group
- Blueline Rent
- Nishio Rent
- Maxim Crane Works
Highlights of The Heavy 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:
- Bulldozers
- Forklifts
- Excavators
- Others
- By Application:
- Construction
- Industrial
- 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 Heavy 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
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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?
Heavy Equipment Rental is the rental of heavy equipment, such as bulldozers, backhoes, and excavators.
Some of the major companies in the heavy equipment rental market are BigRentz, Inc, ISCO Machinery Inc, Laxyo Energy Ltd, Tat Hong Holdings Ltd, United Rentals, Aktio Corp, Kanamoto, Hertz Equipment Rental, Loxam Group, Blueline Rent, Nishio Rent, Maxim Crane Works.
The heavy 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 Heavy 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 Heavy Equipment Rental Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy 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 Heavy 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 Heavy Equipment Rental Market Size & Forecast, 2018-2028
4.5.1 Heavy Equipment Rental Market Size and Y-o-Y Growth
4.5.2 Heavy Equipment Rental Market Absolute $ Opportunity
Chapter 5 Global Heavy Equipment Rental 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 Heavy Equipment Rental Market Size Forecast by Type
5.2.1 Bulldozers
5.2.2 Forklifts
5.2.3 Excavators
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy Equipment Rental 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 Heavy Equipment Rental Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy 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 Heavy 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 Heavy Equipment Rental Analysis and Forecast
9.1 Introduction
9.2 North America Heavy Equipment Rental 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 Heavy Equipment Rental Market Size Forecast by Type
9.6.1 Bulldozers
9.6.2 Forklifts
9.6.3 Excavators
9.6.4 Others
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 Heavy Equipment Rental Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Industrial
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 Heavy Equipment Rental Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy Equipment Rental 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 Heavy Equipment Rental Market Size Forecast by Type
10.6.1 Bulldozers
10.6.2 Forklifts
10.6.3 Excavators
10.6.4 Others
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 Heavy Equipment Rental Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Industrial
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 Heavy Equipment Rental Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy Equipment Rental 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 Heavy Equipment Rental Market Size Forecast by Type
11.6.1 Bulldozers
11.6.2 Forklifts
11.6.3 Excavators
11.6.4 Others
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 Heavy Equipment Rental Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Industrial
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 Heavy Equipment Rental Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy Equipment Rental 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 Heavy Equipment Rental Market Size Forecast by Type
12.6.1 Bulldozers
12.6.2 Forklifts
12.6.3 Excavators
12.6.4 Others
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 Heavy Equipment Rental Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Industrial
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) Heavy Equipment Rental Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy Equipment Rental 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) Heavy Equipment Rental Market Size Forecast by Type
13.6.1 Bulldozers
13.6.2 Forklifts
13.6.3 Excavators
13.6.4 Others
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) Heavy Equipment Rental Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Industrial
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 Heavy Equipment Rental Market: Competitive Dashboard
14.2 Global Heavy Equipment Rental Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BigRentz, Inc
14.3.2 ISCO Machinery Inc
14.3.3 Laxyo Energy Ltd
14.3.4 Tat Hong Holdings Ltd
14.3.5 United Rentals
14.3.6 Aktio Corp
14.3.7 Kanamoto
14.3.8 Hertz Equipment Rental
14.3.9 Loxam Group
14.3.10 Blueline Rent
14.3.11 Nishio Rent
14.3.12 Maxim Crane Works
