AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Construction Equipment Rental market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Construction Equipment Rental market to grow at a CAGR of 4.5% to aggregate USD121.6 Billion by 2026.

The Equipment, such as Earthmoving, is boosting the Construction Equipment Rental market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Product, such as Backhoes, is boosting the Construction Equipment Rental market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to Analyst at AMA Research, the Global Construction Equipment Rental market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Benefits of Rental, Increasing Construction Equipment Demand and Increasing infrastructure investments globally”.
 

Construction equipment rental is referred to as the renting of construction equipment through offline or online mediums for a particular time span and at the particular renting amount. An increasing number of construction activities coupled with the rising infrastructure investments will drive the construction equipment rental market growth over the forecast timeline. Various government institutions are stressing on refurbishing the existing infrastructure and undertaking new construction projects for the overall economic development of the region. Changing consumption patterns followed by the rising labor costs is further restraining the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Construction Equipment Rental market by Type (Online Rental and Offline Rental), by Application (Enterprise, Municipal and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market