How big is the construction equipment rental market?
The global construction equipment rental market is expected to reach $165.1 billion by 2030, growing at a CAGR of 5.1%.
Who are the major players in the construction equipment rental market?
United Rentals, Kanmoto, Herc Rentals, Hitachi Construction Machinery, Caterpillar, Loxam, Liebherr, H&E Equipment Services, Boels Rental, and Ahern Rentals are some of the major players.
Which region is expected to witness the highest growth in the construction equipment rental market?
Asia Pacific is expected to be the fastest-growing region, driven by government investments in infrastructure development and rising urbanization.
What are the benefits of renting construction equipment?
Renting equipment is cost-effective, provides access to the latest technology, avoids maintenance costs, and offers flexibility for project needs.