Research and Markets (http://www.researchandmarkets.com/research/55fh74/global) has announced the addition of the "Global Construction Equipment Rental Market 2015-2019" report to their offering.
The equipment rental market is generally operated by third party suppliers or equipment manufacturers that offer used equipment on rent to the construction companies based on the project duration.
The rapid growth of the construction industry is a significant factor that spurs the prospects for growth in this market during the forecast period. The recent increase in infrastructure development is one of the primary factors that drives growth in this market and results in its healthy CAGR of more than 7% by 2019.
The report estimates eminent factors, such as the rising need to replace outdated equipment, to drive the prospects for growth in this market during the forecast period. Construction equipment like forklifts or tractors cannot be used after a certain point of time as the cost of maintenance outweighs the cost of investment.
Consequently, it can be estimated that the need to replace obsolete or outdated equipment will increase rapidly so as to meet the operational demands of businesses. This is expected to propel the prospects for growth in this market during the forecast period.
The European region is projected to account for an impressive market share of more than 40% by 2019. Robust growth in the construction industry is expected to drive the market for construction equipment rental in Europe.
Companies Mentioned:
- Hertz Equipment
- Loxam group
- Neff Rental
- Sunbelt
- United Rentals
- ACCESS INDUSTRIE
- Ahern Equipment Rental
- American Equipment Company (Ameco)
- Finning
- Maxim Crane Works
- Sunstate Equipment Company
- Quippo
- Gemini Equipment and Rentals.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/55fh74/global
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