Los Angeles, CA -- (SBWire) -- 05/07/2019 --A construction 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.
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 world's 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.
In 2018, the global Construction Machinery Leasing market size was 63600 million US$ and it is expected to reach 121200 million US$ by the end of 2025, with a CAGR of 8.4% between 2019 and 2025.
This report studies the Construction Machinery Leasing market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
This report focuses on the global top players, covered
United Rentals
Ashtead Group
Aktio Corp
Kanamoto
Hertz Equipment RentalÂ
Loxam Group
Blueline Rent
Ahern Rentals
Nishio Rent
Aggreko
Maxim Crane WorksÂ
SCMC
Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa
Market segment by Type, the product can be split into
Earth Moving Equipment
Material Handling and Cranes
Concrete Equipment
Road Building Equipment
Market segment by Application, the market can be split into
Commercial
Individual
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The study objectives of this report are:
To study and analyze the global Construction Machinery Leasing market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Construction Machinery Leasing market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Construction Machinery Leasing manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Construction Machinery Leasing with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Construction Machinery Leasing submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Construction Machinery Leasing are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K sqm). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Construction Machinery Leasing market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Raw material suppliers
Distributors/traders/wholesalers/suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
End-use industries
Available Customizations
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Construction Machinery Leasing market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.
About QYResearch
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Global Construction Machinery Leasing Market to Reach 121200 Million US$ by 2025 with 8.4% CAGR, Says QY Research