New York, NY -- (SBWIRE) -- 01/09/2019 -- Qyresearchreports include new market research report Construction Machinery Leasing to its huge collection of research reports.
This report focuses on the global Construction Machinery Leasing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Construction Machinery Leasing development in United States, Europe and China.
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 worlds 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 2017, 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% during 2018-2025.
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The key players covered in this study
United Rentals
Ashtead Group
Aktio Corp
Kanamoto
Hertz Equipment Rental
Loxam Group
Blueline Rent
Ahern Rentals
Nishio Rent
...
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Construction Machinery Leasing Market Size Growth Rate by Type (2013-2025)
1.4.2 Earth Moving Equipment
1.4.3 Material Handling and Cranes
1.4.4 Concrete Equipment
1.4.5 Road Building Equipment
1.5 Market by Application
1.5.1 Global Construction Machinery Leasing Market Share by Application (2013-2025)
1.5.2 Commercial
1.5.3 Individual
2 Global Growth Trends
2.1 Construction Machinery Leasing Market Size
2.2 Construction Machinery Leasing Growth Trends by Regions
2.2.1 Construction Machinery Leasing Market Size by Regions (2013-2025)
2.2.2 Construction Machinery Leasing Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Construction Machinery Leasing Market Size by Manufacturers
3.1.1 Global Construction Machinery Leasing Revenue by Manufacturers (2013-2018)
3.1.2 Global Construction Machinery Leasing Revenue Market Share by Manufacturers (2013-2018)
3.1.3 Global Construction Machinery Leasing Market Concentration Ratio (CR5 and HHI)
...
List of Tables and Figures
Table Construction Machinery Leasing Key Market Segments
Table Key Players Construction Machinery Leasing Covered
Table Global Construction Machinery Leasing Market Size Growth Rate by Type 2013-2025 (Million US$)
Figure Global Construction Machinery Leasing Market Size Market Share by Type 2013-2025
Figure Earth Moving Equipment Figures
Table Key Players of Earth Moving Equipment
Figure Material Handling and Cranes Figures
Table Key Players of Material Handling and Cranes
Figure Concrete Equipment Figures
Table Key Players of Concrete Equipment
Figure Road Building Equipment Figures
Table Key Players of Road Building Equipment
Table Global Construction Machinery Leasing Market Size Growth by Application 2013-2025 (Million US$)
Figure Commercial Case Studies
Figure Individual Case Studies
...
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