As per the report, the global heavy construction equipment rental market generated $76.4 billion in 2020, and is expected to reach $117.8 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.
Rise in mining activities in developing nations and increase in investment of government in construction of roads, railways, airports, and other infrastructural products drive the global heavy construction equipment rental market. However, lack of skilled labor hinders the market growth. On the contrary, surge in infrastructural construction projects that include broadband, construction, and electric grid is expected to unlock lucrative opportunities in the future.
Download Sample PDF (290 Pages with More Insight) :
https://www.alliedmarketresearch.com/request-sample/7021
Covid-19 scenario:
The Covid-19 pandemic negatively affected the market due to postponement of many construction projects and mining activities.
Lack of workers and reduced demand for heavy construction equipment hampered the market across the globe.
The report segments the global heavy construction equipment rental market on the basis of equipment, end user, application, and region.
Based on equipment, the earthmoving equipment segment held the largest share in 2020, accounting for more than half of the market. However, the others segment is projected to register the highest CAGR of 5.7% during the forecast period.
Get detailed COVID-19 impact analysis on the Heavy Construction Equipment Rental Market: Request Here
On the basis of application, the excavation & demolition segment held the largest share in 2020, contributing to more than one-fourth of the market. However, the material handling segment is estimated to manifest the highest CAGR of 5.4% from 2021 to 2030.
The global heavy construction equipment rental market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2020, accounting for more than two-fifths of the market. However, market across LAMEA is anticipated to portray the highest CAGR of 11.4% during the forecast period.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/7021
Leading Players:
The global heavy construction equipment rental market includes an in-depth analysis of the prime market players such as 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.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports :
Hydraulic Press Machines Market
Australian Pressure Safety Valve Market
Asia & Middle East Automotive Tooling (Molds) Market
Automated Turf Harvester Market
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com