Equipment Rental Market 2017-2021
Technavio Announces the
Publication of its Research Report Global Equipment Rental Market 2017-2021
Technavio recognizes the following companies as the key players in the global equipment rental market: Atlas Copco, Caterpillar, Hertz Equipment Rental, Sunbelt Rentals, and United Rentals.
Other Prominent Vendors in the market are: Aggreko, AKTIO Corporation, Ashtead Group, BlueLine Rental, Cramo, Deere & Company, Fabick CAT, Herc Rentals, Kanamoto, Loxam, Maxim Crane Works, Mustang CAT, NISHIO RENT ALL, NIKKEN CORPORATION (Mitsubishi Corporation), Sims Crane & Equipment, Stephensons Rental Services, Sunstate Equipment Company, and Titan Machinery.
Technavio recognizes the following companies as the key players in the global equipment rental market: Atlas Copco, Caterpillar, Hertz Equipment Rental, Sunbelt Rentals, and United Rentals.
Other Prominent Vendors in the market are: Aggreko, AKTIO Corporation, Ashtead Group, BlueLine Rental, Cramo, Deere & Company, Fabick CAT, Herc Rentals, Kanamoto, Loxam, Maxim Crane Works, Mustang CAT, NISHIO RENT ALL, NIKKEN CORPORATION (Mitsubishi Corporation), Sims Crane & Equipment, Stephensons Rental Services, Sunstate Equipment Company, and Titan Machinery.
Sample Copy of This Report:
https://marketreportscenter.com/request-sample/568129
Commenting on the report,
an analyst from Technavio’s team said: “One trend in the market is rental
equipment monitoring. With the rise in the mining and construction activities,
it becomes crucial to manage the rental equipment efficiently. Keeping a
regular track of the fleet improves the allocation resources of the rental
company. The equipment offered are GPS-equipped which increases the efficiency
of fleet management.”
According to the report, one driver in the market is advantages of renting equipment for short-term projects. Competitive edge is one of the key factors that determine the sustainability of a company in any given industry. To increase the market share, a company needs to upgrade its operations to churn out the maximum profits. For the equipment and heavy machinery intensive industry, the cost associated with owning such equipment has increased pressure on the balance sheet of the firm. As the management of the companies is involved in increasing the sales figures and other aspects of the business, the costs of leasing or renting equipment for short-term projects proves lesser than the cost of purchasing the required equipment.
Further, the report states that one challenge in the market is environmental impact due to end-user industries. Construction and mining, along with oil and gas exploration, drilling, and production result in environmental damage, including the changes in hydrodynamics of underground water tables, land degradation, and ground subsidence. Chemicals used in the mining activities are hazardous to the ecosystem and lead to the contamination of soil and groundwater. Such activities lead to soil erosion, the formation of sinkholes, and the loss of biodiversity because of deforestation. Also, in urbanized locations, mining causes dust pollution, vision impairment if exposed for a longer duration, and noise pollution.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
According to the report, one driver in the market is advantages of renting equipment for short-term projects. Competitive edge is one of the key factors that determine the sustainability of a company in any given industry. To increase the market share, a company needs to upgrade its operations to churn out the maximum profits. For the equipment and heavy machinery intensive industry, the cost associated with owning such equipment has increased pressure on the balance sheet of the firm. As the management of the companies is involved in increasing the sales figures and other aspects of the business, the costs of leasing or renting equipment for short-term projects proves lesser than the cost of purchasing the required equipment.
Further, the report states that one challenge in the market is environmental impact due to end-user industries. Construction and mining, along with oil and gas exploration, drilling, and production result in environmental damage, including the changes in hydrodynamics of underground water tables, land degradation, and ground subsidence. Chemicals used in the mining activities are hazardous to the ecosystem and lead to the contamination of soil and groundwater. Such activities lead to soil erosion, the formation of sinkholes, and the loss of biodiversity because of deforestation. Also, in urbanized locations, mining causes dust pollution, vision impairment if exposed for a longer duration, and noise pollution.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Full report with Table of
Content: https://marketreportscenter.com/reports/568129/global-equipment-rental-market-2017-2021
Technavio’s analysts
forecast the global equipment rental market to grow at a CAGR of 3.26% during
the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global equipment rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Atlas Copco
• Caterpillar
• Hertz Equipment Rental
• Sunbelt Rentals
• United Rentals
Covered in this report
The report covers the present scenario and the growth prospects of the global equipment rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Atlas Copco
• Caterpillar
• Hertz Equipment Rental
• Sunbelt Rentals
• United Rentals
…
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