New Report - Construction Equipment Rental Market Size, Share, Growth, Trends 2016 - 2022
- Submitted by: HexaReports99
- Views: 84
- Category: Other
- Date Submitted: 04/04/2016 11:32 PM
- Pages: 3
- Report this Essay
Hexa Reports
Market Research Reports and Insightful Company Profiles
Construction Equipment Rental Market Share, Size,
Trends and Growth, By Product Analysis, Application
and Segment Forecasts To 2022
The construction equipment rental market is expected to reach USD 84.60 billion by 2022, according to
a new study by Grand View Research, Inc.
Availability of wider range of modern, productive machinery in rental fleets coupled with infrastructural
development occurring at brisk pace is projected to drive demand. Significant factors such as the cost
inflation associated with the replacement of equipment and the technical changes pertaining to
machinery requirement has positively favored rental demand. Environmental and safety issues make it
more economical. Further, considerable shift towards renting over buying due to less immobilized
capital, low maintenance, improved cost control and reduction in transportation fleets are expected to
boost revenue growth over the forecast period.
Browse Detail Report With TOC @ http://www.hexareports.com/report/construction-equipmentrental-market/details
Further key findings from the study suggest:
Earthmoving machinery rental market accounted for over 55% of the overall revenue in 2014. Growing
demand for heavy machinery from developing countries is estimated to drive the segment growth.
Emergence of advanced products with low maintenance and eco-friendly features are projected to
outcast traditional products over the forecast period.
North America construction equipment rental industry in 2014 is estimated to grow at a CAGR of over
10% from 2015 to 2022. Strong economic recovery coupled with increasing investments is projected to
Hexa Reports
Market Research Reports and Insightful Company Profiles
compliment demand across this region. However, increasing investments in Eastern Europe combined
with volatile energy pricing and regulations is estimated to offer prominent opportunities across the...
Market Research Reports and Insightful Company Profiles
Construction Equipment Rental Market Share, Size,
Trends and Growth, By Product Analysis, Application
and Segment Forecasts To 2022
The construction equipment rental market is expected to reach USD 84.60 billion by 2022, according to
a new study by Grand View Research, Inc.
Availability of wider range of modern, productive machinery in rental fleets coupled with infrastructural
development occurring at brisk pace is projected to drive demand. Significant factors such as the cost
inflation associated with the replacement of equipment and the technical changes pertaining to
machinery requirement has positively favored rental demand. Environmental and safety issues make it
more economical. Further, considerable shift towards renting over buying due to less immobilized
capital, low maintenance, improved cost control and reduction in transportation fleets are expected to
boost revenue growth over the forecast period.
Browse Detail Report With TOC @ http://www.hexareports.com/report/construction-equipmentrental-market/details
Further key findings from the study suggest:
Earthmoving machinery rental market accounted for over 55% of the overall revenue in 2014. Growing
demand for heavy machinery from developing countries is estimated to drive the segment growth.
Emergence of advanced products with low maintenance and eco-friendly features are projected to
outcast traditional products over the forecast period.
North America construction equipment rental industry in 2014 is estimated to grow at a CAGR of over
10% from 2015 to 2022. Strong economic recovery coupled with increasing investments is projected to
Hexa Reports
Market Research Reports and Insightful Company Profiles
compliment demand across this region. However, increasing investments in Eastern Europe combined
with volatile energy pricing and regulations is estimated to offer prominent opportunities across the...