Machinery Leasing Market 2022-2028

The global machinery leasing market is anticipated to grow at a substantial CAGR of 5.6 % during the forecast period. The practice of leasing heavy machinery construction equipment instead of purchasing the machines has proven beneficial for all sizes of companies and businesses across the globe. This has led to the robust growth of the global machinery leasing market. The major growth is observed in the sectors such as transport, energy and power, agriculture and among others. In addition, taking machines on leasing is a cost-effective approach and beneficial also, as the consumer faces lower maintenance costs and fewer technical charges. Adding to this, purchasing machines and equipment required heavy down payments that reduces the huge amount of capital from key operating expenses. It also, adds expenditures such as tax, insurance, licensing, and storage cost, among others. The major factors driving the growth of the market include, growth in the number of Special Economic Zone(SEZ), hydroelectric projects, dams highway projects, metro construction, has opted the option of machinery leasing to, as a result, the demand for the market has grown at a significant rate.

Moreover, the machinery leasing industry has suffered under a recession-plagued economy, as a result, the industry has to face a shortage of consumer demand resulting in a reduction in the final output. The result leads to a decrease in construction activities, which in turn impacts the overall machinery leasing market during pandemic period.

The global machinery leasing market is segmented based on construction machinery rental, the key factor propelling the growth of the segment is the expanding residential, non-residential, and infrastructure sectors has led to increasing in the demand for construction machinery rental in the global machinery leasing market. Moreover, increasing investments in the construction of expressways, bridges, metros, and the concept of development of smart cities, owing to increasing population and urbanization augmented to fuel the growth of the construction machinery rental segment.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific region is witnessed to be the fastest-growing region over the forecast period. The expansion of the construction industries, growth in the number of rental services as contractors and dealers are opting for rentals to reduce the operational and maintenance cost, and a growing number of infrastructure projects in the region, accelerate the growth of the machinery leasing market in the Asia-Pacific.

The major companies serving the global machinery leasing market include AerCap, Aggreko Ltd., Ahern Rentals, Air Lease Corp., Ashtead Group Plc., Fuyo General Lease Co. Ltd., Tokyo Century Corp., United Rentals Inc., Herc Rentals Inc., Maxim Crane Works L.P.,and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2020, Core Scientific announced a partnership with Arctos Capital, which has provided an initial $1.8 million in equipment lease financing for the client’s purchase of new-generation Bitmain S19 Antminers, for the mining industry and strengthen core scientific position in the north-American mining space.

Research Methodology

The market study of the global machinery leasing market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The publisher's team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the publisher's analysts to derive the closest possible figures without any major deviations in the actual number. the publisher's analystss try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Machinery Leasing Market Research and Analysis by Type
• Global Machinery Leasing Market Research and Analysis by Mode

The Report Covers

• Comprehensive research methodology of the global machinery leasing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global machinery leasing market.
• Insights about market determinants that are stimulating the global machinery leasing market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.