Global Construction Machinery Leasing Market Share 2019, Growth Trends, Opportunities, Top Players, Business Operations, Size, Industry Demand & Forecast to 2025
Posted on Sep 16 2019 11:11 AM
"The Global Construction Machinery Leasing Market size was 63600 million US$ and it is expected to reach 121200 million US$ by the end of 2025, with a CAGR of 8.4% during 2019-2025."
A construction job mandates a large number of heavy machines. There are a number of advantages to lease the construction. Primarily, many contractors want to be able to stay on the cutting edge of technology. New tools are emerging all the time, and leasing equipment means that contractors can utilize the latest products available without taking on extravagant costs. When the lease is up, contractors can simply opt for the newest line of products available.
This report focuses on the Global Construction Machinery Leasing Market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Construction Machinery Leasing development in United States, Europe and China.
The practice of leasing instead of purchasing heavy machinery has proven to be beneficial for companies of all sizes across numerous industries, Lower administrative overhead coupled with reduced expense and maintenance will drive construction equipment rental market size. Since industry vendors need to comply with the pervasive regulatory landscape, buyers benefit from elimination of replacement costs and associated expenditure. Other trends positively impacting revenue include growing technological advancements ranging from multifunctional machinery to apps for monitoring fuel consumption.
The Construction Machinery Leasing market is very fragmentation market, United Rentals, Ashtead Group, Aktio Corp, Kanamoto, Hertz Equipment Rental, Loxam Group, Blueline Rent, Ahern Rentals, Nishio Rent, Aggreko, Maxim Crane Works and SCMC are the leaders of the industry; the revenue of top ten manufacturers accounts about 20% of the total revenue in 2017. The high-end products mainly come from USA and Japan.
United States is the world’s most mature rental market, Enjoyed about 43.82% construction machinery lease market share. Asia and Europe are currently witnessing large-scale infrastructure development activities, which is raising demand for construction equipment. Also, as most of the projects are undertaken with private investment money, where the utilization of equipment is limited to a short duration, contractors prefer to use equipment on a rental basis.
Barriers to entry for the Construction Equipment Rental and Leasing industry are high, although they may be medium for some smaller, specialist firms. Large firms in this industry require a substantial stock of construction machinery and equipment to offer customers. Therefore, required funding levels to purchase a wide range, and vast volumes, of this equipment are high. New firms to this industry may have difficulty in accessing the funds required to purchase a large and extensive range of construction products. Prevailing economic uncertainty is likely to result in more stringent lending procedures, also increasing entry barriers for new firms.
The equipment rental industry is gaining huge prominence across the globe. Although, in emerging economies, such as Asia, the industry is still in the nascent stage, it is projected to witness high growth in the coming years. An increase in the awareness of the equipment rental industry and growing investment in the construction industry will drive the equipment rental market.
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The key players covered in this study
Hertz Equipment Rental
Maxim Crane Works
Market segment by Type, the product can be split into
Earth Moving Equipment
Material Handling and Cranes
Road Building Equipment
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Construction Machinery Leasing status, future forecast, growth opportunity, key market and key players.
To present the Construction Machinery Leasing development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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Some Points From Table of Content:
Chapter One: Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Construction Machinery Leasing Market Size Growth Rate by Type (2014-2025)
1.4.2 Earth Moving Equipment
1.4.3 Material Handling and Cranes
1.4.4 Concrete Equipment
1.4.5 Road Building Equipment
1.5 Market by Application
1.5.1 Global Construction Machinery Leasing Market Share by Application (2014-2025)
1.6 Study Objectives
1.7 Years Considered
Chapter Two: Global Growth Trends
2.1 Construction Machinery Leasing Market Size
2.2 Construction Machinery Leasing Growth Trends by Regions
2.2.1 Construction Machinery Leasing Market Size by Regions (2014-2025)
2.2.2 Construction Machinery Leasing Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
Chapter Three: Market Share by Key Players
3.1 Construction Machinery Leasing Market Size by Manufacturers
3.1.1 Global Construction Machinery Leasing Revenue by Manufacturers (2014-2019)
3.1.2 Global Construction Machinery Leasing Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Construction Machinery Leasing Market Concentration Ratio (CRChapter Five: and HHI)
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