Construction Machinery Leasing market 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.
Scope of the Report:
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.
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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 worlds 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.
The global Construction Machinery Leasing market is valued at 63600 million USD in 2018 and is expected to reach 102500 million USD by the end of 2024, growing at a CAGR of 8.3% between 2019 and 2024.
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The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Construction Machinery Leasing.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Construction Machinery Leasing market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Construction Machinery Leasing market by product type and applications/end industries.
Market Segment by Manufacturers, this report covers – United Rentals, Ashtead Group, Aktio Corp, Kanamoto, Hertz Equipment Rental, Loxam Group, Blueline Rent, Ahern Rentals, Nishio Rent, Aggreko, Maxim Crane Works and SCMC
Construction Machinery Leasing market stands to gain remarkable proceeds over 2019-2024, as per a recently compiled report Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers – Earth Moving Equipment, Material Handling and Cranes, Concrete Equipment and Road Building Equipment
Market Segment by Applications, can be divided into – Commercial and Individual
Market Following Details Segment by Table of Contents:
1 Construction Machinery Leasing Market Overview
2 Manufacturers Profiles
3 Global Construction Machinery Leasing Market Competition, by Players
4 Global Construction Machinery Leasing Market Size by Regions
5 North America Construction Machinery Leasing Revenue by Countries
6 Europe Construction Machinery Leasing Revenue by Countries
7 Asia-Pacific Construction Machinery Leasing Revenue by Countries
8 South America Construction Machinery Leasing Revenue by Countries
9 Middle East and Africa Revenue Construction Machinery Leasing by Countries
10 Global Construction Machinery Leasing Market Segment by Type
11 Global Construction Machinery Leasing Market Segment by Application
12 Global Construction Machinery Leasing Market Size Forecast (2019-2024)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
Similar Publisher Related report:
2016-2024 World Construction Machinery Leasing Market Research Report (by Product Type, End-User / Application and Regions / Countries)
More summary: https://www.bigmarketresearch.com/2016-2024-world-construction-machinery-leasing-market-research-report-by-product-type-end-user-application-and-regions-countries-market/?utm_source=RR&utm_medium=SBL
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