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Global Construction Equipment Rental Market to grow healthy CAGR of more than 7% during the Period 2015-2019

ResearchMoz added Latest Research Report titled " Global Construction Equipment Rental Market 2015-2019 " to it's Large Report database.
Sagar Jagtap | 07.09.2016

Market outlook of the global construction equipment rental market

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.

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Technavio market research analysts estimate eminent factors, such as the rising need to replace outdated equipment, to drive the prospects for growth in this market during the forecast period.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 Consequently, it can be estimated that the need to replace obsolete or outdated equipment will increase rapidly so as to meet the operational demands of businesses.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.

Geographical segmentation of the construction equipment rental market

Europe
North America
Asia

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Table of Contents

PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Global construction equipment
PART 05: Market landscape
Market overview
Rent or buy decision
End-users of equipment rental market
Market size and forecast
Five forces analysis
PART 06: Geographical segmentation
Geographical segmentation by region
Europe
North America
Asia

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About the tenderer: Sagar Jagtap