Published Date : May 02, 2016
ALBANY, New York, May 02, 2016 - MarketResearchReports.biz has announced the addition of the “Global Construction Equipment Rental Market: Trends And Opportunities (2016-2020)” report to its website. The detailed report contains data about the current state of the global construction equipment rental market. It studies the opportunities and the potential challenges faced by the construction equipment rental market. The report helps readers discover trends in the global construction equipment rental market and identify the strategic consolidations shaping the industry.
The construction equipment rental market, which slowed down due to the 2008 global economic recession, is now reviving. The revived construction industry has once again opened lucrative opportunities for the construction equipment rental market, especially in countries where the government is spending huge amounts on developing new infrastructure. The major factors driving the growth of the construction equipment rental market include, a rise in the outsourcing of construction equipment, increase in the construction projects, and the low maintenance cost of rented construction equipment. The need to replace outdated construction equipment is also facilitating the growth of the construction equipment rental market. The cost effective approach of renting construction equipment promotes and increases its adoption, thus boosting the market. Additionally, the consolidation of the market is also proving to be beneficial.
The uncertainty in economic conditions is one of the challenges that the construction equipment rental market faces. Unpredictability in the pricing of raw materials will also hamper the market to some degree. Furthermore, the enforcement of emission-control related regulations is expected to challenge the construction of new infrastructure, which in turn will have an adverse effect on the global construction equipment rental market and necessitate changes in the way companies function. The changing demands and expectations of customers may act as a restraint for the market. However, the emerging trends in the construction equipment rental market, such as introduction of fleet management software, will help encourage the growth of the market.
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The report studies the rental rate structure in detail, including daily rate, hourly rate, monthly rate, and daily/hourly rate structure. The report also analyzes countries such as the U.S., the U.K., and Canada in terms of revenue. The U.S. is the largest market among the North American countries and the U.K. is the largest market among the European countries.
The report profiles some of the leading players in the global construction equipment rental market, helping readers understand the strategies implemented by these companies to stay on the top of the market. Readers also get an idea of the major challenges faced by the key players. The business overview and financial overview of each of the companies studied, have been included in the report. Figures, statistics, graphs, and charts have been included wherever required to present the data in a concise and understandable manner.
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