The global market for Compact Power Equipment Rental is estimated at US$5.7 Billion in 2023 and is projected to reach US$7.7 Billion by 2030, growing at a CAGR of 4.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the compact power equipment rental market is driven by several factors, including advancements in technology that have made equipment more efficient and user-friendly. The increasing complexity and scale of construction and landscaping projects require versatile and reliable machinery, which rental companies can provide without the significant upfront investment needed for purchase. Economic factors also play a crucial role; during economic downturns, companies are more likely to rent equipment to preserve capital and reduce financial risk.
Additionally, environmental considerations are pushing the development of more eco-friendly machinery, and rental companies are adopting these green technologies to meet regulatory requirements and customer preferences. The proliferation of urbanization projects worldwide, coupled with infrastructure investments in emerging markets, has expanded the customer base for compact power equipment rental. Lastly, the growing emphasis on sustainability and the circular economy encourages the use of rental services, as they promote the efficient use and reuse of resources, aligning with broader environmental goals.
The growth in the compact power equipment rental market is driven by several factors, including advancements in technology that have made equipment more efficient and user-friendly. The increasing complexity and scale of construction and landscaping projects require versatile and reliable machinery, which rental companies can provide without the significant upfront investment needed for purchase. Economic factors also play a crucial role; during economic downturns, companies are more likely to rent equipment to preserve capital and reduce financial risk.
Additionally, environmental considerations are pushing the development of more eco-friendly machinery, and rental companies are adopting these green technologies to meet regulatory requirements and customer preferences. The proliferation of urbanization projects worldwide, coupled with infrastructure investments in emerging markets, has expanded the customer base for compact power equipment rental. Lastly, the growing emphasis on sustainability and the circular economy encourages the use of rental services, as they promote the efficient use and reuse of resources, aligning with broader environmental goals.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Period Rental segment, which is expected to reach US$3.7 Billion by 2030 with a CAGR of a 4.6%. The Rent to Own segment is also set to grow at 3.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 7.2% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Compact Power Equipment Rental Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Compact Power Equipment Rental Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Compact Power Equipment Rental Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Allmand Bros., Inc, Ashtead Group Plc, Bierschbach Equipment and Supply, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- Allmand Bros., Inc
- Ashtead Group Plc
- Bierschbach Equipment and Supply
- Caterpillar Inc.
- Cooper Equipment Rentals Ltd.
- Cummins Inc.
- Dynamic Equipment Rentals Ltd.
- Finning International Inc.
- Herc Holdings Inc.
- Manlift Middle East LLC
- Pioneer Power Service Pvt Ltd.
- Sunbelt Rentals, Inc.
- Titan Machinery Inc
- United Rentals Inc.
- YANMAR America Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Allmand Bros., Inc
- Ashtead Group Plc
- Bierschbach Equipment and Supply
- Caterpillar Inc.
- Cooper Equipment Rentals Ltd.
- Cummins Inc.
- Dynamic Equipment Rentals Ltd.
- Finning International Inc.
- Herc Holdings Inc.
- Manlift Middle East LLC
- Pioneer Power Service Pvt Ltd.
- Sunbelt Rentals, Inc.
- Titan Machinery Inc
- United Rentals Inc.
- YANMAR America Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 5.7 Billion |
| Forecasted Market Value ( USD | $ 7.7 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
