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Heavy Construction Equipment Rental Market By Equipment, By End User, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 240 Pages
  • May 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640568
The heavy construction equipment rental market was valued at $76,371.9 million in 2020, and is projected to reach $117,788.8 million by 2030, registering a CAGR of 4.3% from 2021 to 2030. The heavy equipment rental is a service that allows end users to rent construction equipment for a certain period by signing a contract with terms and conditions of use. Heavy equipment and machinery are used for heavy equipment work such as material handling, excavation, lifting, and other heavy work. Construction machinery is mainly used to facilitate heavy work at mine construction sites. There are various types of heavy equipment in the market. Nevertheless, choosing the right construction equipment is very important. When choosing heavy equipment, companies consider factors such as material, quality, project complexity, and safety.

Expansion of the heavy construction equipment rental industry is fueled by increase in building and mining operations in emerging economies of Latin America and Africa. The government of U.S. has invested heavily in development of highways, railway tracks, airports, and other infrastructure, necessitating the use of excavators, loaders, and other heavy equipment. For instance, U.S. president Trump announced a $2 trillion infrastructure plan in March 2021, which covers roads, telecommunications, electric grid, and residential & commercial buildings. These elements create immense opportunities for the rental market. In addition, extra expenses paid for equipment maintenance, excessive operational costs, and expensive pay of trained operators may be avoided by renting equipment for appropriate period, which adds considerably to the global market growth. Furthermore, significant initial expenditure required for purchasing equipment, as well as financial restraints, may be avoided by renting equipment, which drives the market growth.

Lack of trained labor in the global market is a significant restraining factor of growth. Another issue that hinders the market expansion is the saturation of construction and mining industries in industrialized nations.

Manufacturers are designing innovative equipment that is both cost-effective and long-lasting. For instance, Doosan Infracore, introduced a 100-ton excavator model in March 2021. It makes use of an electronic integrated hydraulic system and smart power regulation. It operates on a fuel optimization technology that was developed in-house to optimize fuel efficiency and gives perfect work performance with no loss of power or speed. Furthermore, IoT integration aids in alleviation of skilled labor shortages as well as improved operator and end-user safety. During the forecast period, these aspects are expected to provide lucrative opportunities for the market growth
The market is segmented on the basis of equipment, end user, application, and region. By equipment, the market is classified into earthmoving equipment, material handling equipment, heavy construction vehicles, and others. By end user, it is classified as infrastructure, construction, mining, oil & gas, manufacturing, and others. By application, it is categorized into excavation & demolition, heavy lifting, tunneling, material handling, and recycling & waste management. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The major players profiled in the heavy construction equipment rental market include Ashtead Group plc. (Sunbelt Rentals Ltd), Boels Rental, H&E Equipment Services, Haulotte Group, Herc Rentals Inc., Kanamoto Co., Ltd., Loxam (Ramirent), Sarens n.v./s.a., Sumitomo Corporation (Sunstate Equipment Company) and United Rentals, Inc. Major companies in the market have adopted business expansion and acquisition as their key developmental strategies to offer better products and services to customers in the heavy construction equipment rental market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the heavy construction equipment rental market analysis from 2020 to 2030.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the heavy construction equipment rental market forecast segmentation assists to determine the prevailing heavy construction equipment rental market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global heavy construction equipment rental market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Equipment

  • Earthmoving Equipment
  • Material Handling Equipment
  • Heavy Construction Vehicles
  • Others

By End User

  • Infrastructure
  • Construction
  • Mining
  • Oil Gas
  • Manufacturing
  • Others

By Application

  • Excavation Demolition
  • Heavy Lifting
  • Tunneling
  • Material Handling
  • Recycling Waste Management

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Europe
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Ashtead Group plc. (Sunbelt Rentals Ltd)
  • Boels Rental
  • H&E Equipment Services
  • Haulotte Group
  • Herc Rentals Inc.
  • Kanamoto Co., Ltd.
  • Loxam (Ramirent)
  • Sarens n.v./s.a.
  • Sumitomo Corporation (Sunstate Equipment Company)
  • United Rentals, Inc.
Frequently Asked Questions about the Heavy Construction Equipment Rental Market

What is the estimated value of the Heavy Construction Equipment Rental Market?

The Heavy Construction Equipment Rental Market was estimated to be valued at $76371.9 million in 2020.

What is the growth rate of the Heavy Construction Equipment Rental Market?

The growth rate of the Heavy Construction Equipment Rental Market is 4.4%, with an estimated value of $117788.8 million by 2030.

What is the forecasted size of the Heavy Construction Equipment Rental Market?

The Heavy Construction Equipment Rental Market is estimated to be worth $117788.8 million by 2030.

Who are the key companies in the Heavy Construction Equipment Rental Market?

Key companies in the Heavy Construction Equipment Rental Market include Ashtead Group plc. (Sunbelt Rentals Ltd), Boels Rental, H&E Equipment Services, Haulotte Group, Herc Rentals Inc., Kanamoto Co., Ltd., Loxam (Ramirent), Sarens n.v./s.a. and United Rentals, Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: HEAVY CONSTRUCTION EQUIPMENT RENTAL MARKET, BY EQUIPMENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Earthmoving Equipment
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Material Handling Equipment
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Heavy Construction Vehicles
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: HEAVY CONSTRUCTION EQUIPMENT RENTAL MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Infrastructure
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Construction
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Mining
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Oil & Gas
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Manufacturing
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Others
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
CHAPTER 6: HEAVY CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Excavation & Demolition
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Heavy Lifting
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Tunneling
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Material Handling
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Recycling & Waste Management
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: HEAVY CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Equipment
7.2.3 North America Market size and forecast, by End User
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Equipment
7.2.5.1.2 Market size and forecast, by End User
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Equipment
7.2.5.2.2 Market size and forecast, by End User
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Equipment
7.2.5.3.2 Market size and forecast, by End User
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Equipment
7.3.3 Europe Market size and forecast, by End User
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Equipment
7.3.5.1.2 Market size and forecast, by End User
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Equipment
7.3.5.2.2 Market size and forecast, by End User
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 U.K.
7.3.5.3.1 Market size and forecast, by Equipment
7.3.5.3.2 Market size and forecast, by End User
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Equipment
7.3.5.4.2 Market size and forecast, by End User
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Equipment
7.3.5.5.2 Market size and forecast, by End User
7.3.5.5.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Equipment
7.4.3 Asia-Pacific Market size and forecast, by End User
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Equipment
7.4.5.1.2 Market size and forecast, by End User
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Equipment
7.4.5.2.2 Market size and forecast, by End User
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Equipment
7.4.5.3.2 Market size and forecast, by End User
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Equipment
7.4.5.4.2 Market size and forecast, by End User
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Rest of Europe
7.4.5.5.1 Market size and forecast, by Equipment
7.4.5.5.2 Market size and forecast, by End User
7.4.5.5.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Equipment
7.5.3 LAMEA Market size and forecast, by End User
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Equipment
7.5.5.1.2 Market size and forecast, by End User
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Equipment
7.5.5.2.2 Market size and forecast, by End User
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Equipment
7.5.5.3.2 Market size and forecast, by End User
7.5.5.3.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Ashtead Group plc. (Sunbelt Rentals Ltd)
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Boels Rental
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 H&E Equipment Services
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Haulotte Group
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Herc Rentals Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Kanamoto Co., Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Loxam (Ramirent)
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Sarens n.v./s.a.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Sumitomo Corporation (Sunstate Equipment Company)
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 United Rentals, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 2. Heavy Construction Equipment Rental Market Revenue, for Earthmoving Equipment, by Region, 2020-2030, ($Million)
Table 3. Heavy Construction Equipment Rental Market for Earthmoving Equipment by Country, 2020-2030, ($Million)
Table 4. Heavy Construction Equipment Rental Market Revenue, for Material Handling Equipment, by Region, 2020-2030, ($Million)
Table 5. Heavy Construction Equipment Rental Market for Material Handling Equipment by Country, 2020-2030, ($Million)
Table 6. Heavy Construction Equipment Rental Market Revenue, for Heavy Construction Vehicles, by Region, 2020-2030, ($Million)
Table 7. Heavy Construction Equipment Rental Market for Heavy Construction Vehicles by Country, 2020-2030, ($Million)
Table 8. Heavy Construction Equipment Rental Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 9. Heavy Construction Equipment Rental Market for Others by Country, 2020-2030, ($Million)
Table 10. Global Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 11. Heavy Construction Equipment Rental Market Revenue, for Infrastructure, by Region, 2020-2030, ($Million)
Table 12. Heavy Construction Equipment Rental Market for Infrastructure by Country, 2020-2030, ($Million)
Table 13. Heavy Construction Equipment Rental Market Revenue, for Construction, by Region, 2020-2030, ($Million)
Table 14. Heavy Construction Equipment Rental Market for Construction by Country, 2020-2030, ($Million)
Table 15. Heavy Construction Equipment Rental Market Revenue, for Mining, by Region, 2020-2030, ($Million)
Table 16. Heavy Construction Equipment Rental Market for Mining by Country, 2020-2030, ($Million)
Table 17. Heavy Construction Equipment Rental Market Revenue, for Oil & Gas, by Region, 2020-2030, ($Million)
Table 18. Heavy Construction Equipment Rental Market for Oil & Gas by Country, 2020-2030, ($Million)
Table 19. Heavy Construction Equipment Rental Market Revenue, for Manufacturing, by Region, 2020-2030, ($Million)
Table 20. Heavy Construction Equipment Rental Market for Manufacturing by Country, 2020-2030, ($Million)
Table 21. Heavy Construction Equipment Rental Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 22. Heavy Construction Equipment Rental Market for Others by Country, 2020-2030, ($Million)
Table 23. Global Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 24. Heavy Construction Equipment Rental Market Revenue, for Excavation & Demolition, by Region, 2020-2030, ($Million)
Table 25. Heavy Construction Equipment Rental Market for Excavation & Demolition by Country, 2020-2030, ($Million)
Table 26. Heavy Construction Equipment Rental Market Revenue, for Heavy Lifting, by Region, 2020-2030, ($Million)
Table 27. Heavy Construction Equipment Rental Market for Heavy Lifting by Country, 2020-2030, ($Million)
Table 28. Heavy Construction Equipment Rental Market Revenue, for Tunneling, by Region, 2020-2030, ($Million)
Table 29. Heavy Construction Equipment Rental Market for Tunneling by Country, 2020-2030, ($Million)
Table 30. Heavy Construction Equipment Rental Market Revenue, for Material Handling, by Region, 2020-2030, ($Million)
Table 31. Heavy Construction Equipment Rental Market for Material Handling by Country, 2020-2030, ($Million)
Table 32. Heavy Construction Equipment Rental Market Revenue, for Recycling & Waste Management, by Region, 2020-2030, ($Million)
Table 33. Heavy Construction Equipment Rental Market for Recycling & Waste Management by Country, 2020-2030, ($Million)
Table 34. Heavy Construction Equipment Rental Market, by Region, 2020-2030, ($Million)
Table 35. North America Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 36. North America Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 37. North America Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 38. North America Heavy Construction Equipment Rental Market, by Country, 2020-2030, ($Million)
Table 39. U.S. Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 40. U.S. Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 41. U.S. Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 42. Canada Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 43. Canada Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 44. Canada Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 45. Mexico Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 46. Mexico Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 47. Mexico Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 48. Europe Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 49. Europe Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 50. Europe Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 51. Europe Heavy Construction Equipment Rental Market, by Country, 2020-2030, ($Million)
Table 52. Germany Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 53. Germany Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 54. Germany Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 55. France Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 56. France Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 57. France Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 58. U.K. Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 59. U.K. Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 60. U.K. Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 61. Italy Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 62. Italy Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 63. Italy Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 64. Rest of Europe Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 65. Rest of Europe Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 66. Rest of Europe Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 67. Asia-Pacific Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 68. Asia-Pacific Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 69. Asia-Pacific Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 70. Asia-Pacific Heavy Construction Equipment Rental Market, by Country, 2020-2030, ($Million)
Table 71. China Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 72. China Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 73. China Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 74. Japan Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 75. Japan Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 76. Japan Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 77. South Korea Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 78. South Korea Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 79. South Korea Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 80. India Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 81. India Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 82. India Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 83. Rest of Europe Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 84. Rest of Europe Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 85. Rest of Europe Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 86. LAMEA Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 87. LAMEA Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 88. LAMEA Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 89. LAMEA Heavy Construction Equipment Rental Market, by Country, 2020-2030, ($Million)
Table 90. Latin America Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 91. Latin America Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 92. Latin America Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 93. Middle East Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 94. Middle East Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 95. Middle East Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 96. Africa Heavy Construction Equipment Rental Market, by Equipment, 2020-2030, ($Million)
Table 97. Africa Heavy Construction Equipment Rental Market, by End-user, 2020-2030, ($Million)
Table 98. Africa Heavy Construction Equipment Rental Market, by Application, 2020-2030, ($Million)
Table 99. Ashtead Group plc. (Sunbelt Rentals Ltd): Company Snapshot
Table 100. Ashtead Group plc. (Sunbelt Rentals Ltd): Operating Segments
Table 101. Ashtead Group plc. (Sunbelt Rentals Ltd): Product Portfolio
Table 102. Ashtead Group plc. (Sunbelt Rentals Ltd): Net Sales
Table 103. Ashtead Group plc. (Sunbelt Rentals Ltd): Key Stratergies
Table 104. Boels Rental: Company Snapshot
Table 105. Boels Rental: Operating Segments
Table 106. Boels Rental: Product Portfolio
Table 107. Boels Rental: Net Sales
Table 108. Boels Rental: Key Stratergies
Table 109. H&E Equipment Services: Company Snapshot
Table 110. H&E Equipment Services: Operating Segments
Table 111. H&E Equipment Services: Product Portfolio
Table 112. H&E Equipment Services: Net Sales
Table 113. H&E Equipment Services: Key Stratergies
Table 114. Haulotte Group: Company Snapshot
Table 115. Haulotte Group: Operating Segments
Table 116. Haulotte Group: Product Portfolio
Table 117. Haulotte Group: Net Sales
Table 118. Haulotte Group: Key Stratergies
Table 119. Herc Rentals Inc.: Company Snapshot
Table 120. Herc Rentals Inc.: Operating Segments
Table 121. Herc Rentals Inc.: Product Portfolio
Table 122. Herc Rentals Inc.: Net Sales
Table 123. Herc Rentals Inc.: Key Stratergies
Table 124. Kanamoto Co., Ltd.: Company Snapshot
Table 125. Kanamoto Co., Ltd.: Operating Segments
Table 126. Kanamoto Co., Ltd.: Product Portfolio
Table 127. Kanamoto Co., Ltd.: Net Sales
Table 128. Kanamoto Co., Ltd.: Key Stratergies
Table 129. Loxam (Ramirent): Company Snapshot
Table 130. Loxam (Ramirent): Operating Segments
Table 131. Loxam (Ramirent): Product Portfolio
Table 132. Loxam (Ramirent): Net Sales
Table 133. Loxam (Ramirent): Key Stratergies
Table 134. Sarens N.V./S.A.: Company Snapshot
Table 135. Sarens N.V./S.A.: Operating Segments
Table 136. Sarens N.V./S.A.: Product Portfolio
Table 137. Sarens N.V./S.A.: Net Sales
Table 138. Sarens N.V./S.A.: Key Stratergies
Table 139. Sumitomo Corporation (Sunstate Equipment Company): Company Snapshot
Table 140. Sumitomo Corporation (Sunstate Equipment Company): Operating Segments
Table 141. Sumitomo Corporation (Sunstate Equipment Company): Product Portfolio
Table 142. Sumitomo Corporation (Sunstate Equipment Company): Net Sales
Table 143. Sumitomo Corporation (Sunstate Equipment Company): Key Stratergies
Table 144. United Rentals, Inc.: Company Snapshot
Table 145. United Rentals, Inc.: Operating Segments
Table 146. United Rentals, Inc.: Product Portfolio
Table 147. United Rentals, Inc.: Net Sales
Table 148. United Rentals, Inc.: Key Stratergies
LIST OF FIGURES
Figure 1. Heavy Construction Equipment Rental Market Segmentation
Figure 2. Heavy Construction Equipment Rental Market, 2020-2030
Figure 3. Heavy Construction Equipment Rental Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Heavy Construction Equipment Rental Market:Drivers, Restraints and Opportunities
Figure 12. Heavy Construction Equipment Rental Market, by Equipment, 2020 (%)
Figure 13. Comparative Share Analysis of Earthmoving Equipment Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Material Handling Equipment Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Heavy Construction Vehicles Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Others Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 17. Heavy Construction Equipment Rental Market, by End-user, 2020 (%)
Figure 18. Comparative Share Analysis of Infrastructure Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Construction Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 20. Comparative Share Analysis of Mining Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Oil & Gas Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Manufacturing Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Others Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 24. Heavy Construction Equipment Rental Market, by Application, 2020 (%)
Figure 25. Comparative Share Analysis of Excavation & Demolition Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 26. Comparative Share Analysis of Heavy Lifting Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 27. Comparative Share Analysis of Tunneling Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 28. Comparative Share Analysis of Material Handling Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 29. Comparative Share Analysis of Recycling & Waste Management Heavy Construction Equipment Rental Market, 2020-2030 (%)
Figure 30. Heavy Construction Equipment Rental Market by Region, 2020
Figure 31. U.S. Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 32. Canada Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 33. Mexico Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 34. Germany Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 35. France Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 36. U.K. Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 37. Italy Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 38. Rest of Europe Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 39. China Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 40. Japan Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 41. South Korea Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 42. India Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 43. Rest of Europe Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 44. Latin America Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 45. Middle East Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 46. Africa Heavy Construction Equipment Rental Market, 2020-2030 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Ashtead Group PLC. (Sunbelt Rentals Ltd).: Net Sales, ($Million)
Figure 54. Boels Rental.: Net Sales, ($Million)
Figure 55. H&E Equipment Services.: Net Sales, ($Million)
Figure 56. Haulotte Group.: Net Sales, ($Million)
Figure 57. Herc Rentals Inc. Net Sales, ($Million)
Figure 58. Kanamoto Co. Ltd. Net Sales, ($Million)
Figure 59. Loxam (Ramirent).: Net Sales, ($Million)
Figure 60. Sarens N.V./SA.: Net Sales, ($Million)
Figure 61. Sumitomo Corporation (Sunstate Equipment Company).: Net Sales, ($Million)
Figure 62. United Rentals, Inc. Net Sales, ($Million)

Executive Summary

According to this report titled, 'Heavy Construction Equipment Rental Market,' the heavy construction equipment rental market size was valued at $76.4 billion in 2020, and is estimated to reach $117.8 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Heavy construction equipment machineries are used for various operations such as material handling, excavation, lift and different other heavy operations. It is a service that is used for providing the construction equipment on rent to the end users. For taking equipment on rent, the contract is signed for a certain amount of time. In addition, the contract mentions the terms and conditions regarding the precautions and usage of the equipment. The construction equipment is majorly used for the heavy operation in construction mining sites. There are variety of the heavy construction equipment available in the market according to the need and use as per the project complexity.

Mining activities in different developing nations such as Latin America and Africa drive growth of the heavy construction equipment rental market. Governments in different countries are investing on construction of roads, airports, railway, airports, and other infrastructural projects. Thus, this requires use excavators, loaders and different other heavy equipment. In March 2021, the U.S. President introduced infrastructural plan by investing about2 trillion. The plan had infrastructural construction projects that includes transportation, broadband, electric grid and residential & commercial constructions. Thus, these factors are expected to create new opportunities for the market. In addition, high operational cost and maintenance cost could be saved by renting the equipment for required period of time. Moreover, high amount of investment needed in order to purchase the equipment could be avoided by renting the construction equipment. Thus, such factors propel the market growth.

However, dearth of skilled labors is a major factor that restrains the heavy construction equipment rental market growth. Moreover, saturation in the construction and mining industry in developed nations is another factor that hampers growth of the market.

In addition, the outbreak of COVID-19 led to halt in logistic and manufacturing activities across the globe that has led to interruption of supply chain, which hinders growth of the heavy construction equipment rental market share. However, this situation is expected to improve as governments are relaxing norms around the world to resume business activities.

On the contrary, manufacturers are developing advanced equipment, which are economical and sustainable. For instance, in March 2021, Doosan Infracore launched 100-ton excavator, which uses smart power control and electronic integrated hydraulic system. It has in-house designed fuel optimization system to improve fuel efficiency and deliver ideal job performance with loss-free power and speed. Moreover, integration of IoT is expected to help to overcome shortage of skilled labors and enhanced safety of operators and end users. These factors are anticipated to offer remunerative opportunities for expansion of the global heavy construction equipment rental industry during the forecast period.

The heavy construction equipment rental market analysis is on the basis of equipment, end user, application, and region. By equipment, the market is classified into earthmoving equipment, material handling equipment, heavy construction vehicles, and others. By end user, it is classified as infrastructure, construction, mining, oil & gas, manufacturing, and others. By application, ithe market is categorized into excavation & demolition, heavy lifting, tunneling, material handling, and recycling & waste management. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

COMPETITION ANALYSIS

The major players profiled in the heavy construction equipment rental market include Ashtead Group plc. (Sunbelt Rentals Ltd), Boels Rental, H&E Equipment Services, Haulotte Group, Herc Rentals Inc., Kanamoto Co., Ltd., Loxam (Ramirent), Sarens n.v./s.a., Sumitomo Corporation (Sunstate Equipment Company) and United Rentals, Inc.

Key findings of the Study

  • The report provides an extensive analysis of the current and emerging global heavy construction equipment rental market trends and dynamics.
  • Depending on equipment, the earthmoving equipment segment was the largest revenue generator in 2020.
  • By end user, the construction segment generated the highest revenue in 2020.
  • By application, the excavation & demolition segment dominated the market in 2020.
  • Region wise, North America is anticipated to dominate the global heavy construction equipment rental market opportunities throughout the forecast period.
  • The global heavy construction equipment rental market forecast from 2021 to 2030 is included in the report.

Companies Mentioned

  • Ashtead Group plc. (Sunbelt Rentals Ltd)
  • Boels Rental
  • H&E Equipment Services
  • Haulotte Group
  • Herc Rentals Inc.
  • Kanamoto Co., Ltd.
  • Loxam (Ramirent)
  • Sarens n.v./s.a.
  • Sumitomo Corporation (Sunstate Equipment Company)
  • United Rentals, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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