@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Construction Equipment Rental Market growth drivers in 2018 & Challenges by 2024

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  Overview  Owing to a surge in the demand for compaction equipment, loaders, excavators, and backhoes, the product segment of the Construction Equipment Rental Market is being presently dominated by earthmoving and road building equipment. It would be prudent to mention that a steady stream of new earthmoving machines has been spanning the market in the recent times.Construction Equipment Rental Market  In addition to this, rapid technological developments have undoubtedly enhanced the working efficiency of the latest road building equipment which has invariably proved advantageous for the construction equipment rental market share.  A steady rise in the construction activities across the globe has been one of the pivotal factors to drive the construction equipment rental market share. Numerous rental equipment manufacturers have been proactive in incorporating high-grade technical features such as GPS, remote monitoring, and ergonomic controls that has contributed to swift product penetration in the construction sector.

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  Speaking along similar lines, several major heavy-equipment manufacturers have been unveiling high-grade excavators which has strengthened the position of earthmoving and road building equipment segment in the overall construction equipment rental industry.  Hitachi, for instance, has launched one of the most fuel-efficient excavator in The ZH210-6 reportedly comes with a new lightweight arm and advanced hydraulics which ensures the excavator consumes less fuel and emit reduced levels of carbon dioxide.  Moreover, various governments across the globe are keen to revamp the basic infrastructure in their nations which has led to the launch of enormous infrastructural projects. As a consequence of the aforementioned aspects, the firms operating in the construction equipment rental industry have been presented with humongous business opportunities.construction equipment rental industry

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Browse Full Research Request for a Sample of this Research

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org  Apparently, it goes without saying that the unveiling of such environment-friendly and highly-efficient machines highlight the technological upgradations being undertaken by construction equipment rental market players in the recent past. As per reliable estimates, the earthmoving and road building equipment apportioned a significant 65% of the total revenue share of the overall industry in the year 2017 and is anticipated to grow at a similar pace in the upcoming years.  The rise of India and China as the foremost nations in the global economy has been touted as one of the most significant economic developments of the 21st century. The persistent growth being witnessed in these nations is certain to dominate the future progression of the world economy over the next few decades. Needless to mention, the construction sector places itself amongst the most crucial business verticals that would not only contribute in building infrastructural capabilities of these nations but is likely to emerge as a noteworthy aspect of economic advancement. In this context, the expansion of construction sector in the major Asian nations is directly proportional to the growth of Asia Pacific construction equipment rental market in the times to come. In fact, as per a research report put together by Global Market Insights, Inc., the remuneration portfolio of the Asia Pacific construction equipment rental industry is estimated to surpass a staggering USD 40 billion by  360 Analysis

@ 2016 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Competitive Trends: The notable industries in Construction Equipment Rental Market are  Cramo PLC,  Ashtead Group,  Blueline Rental LLC,  Nesco Rentals,  Riwal,  Herc Holdings,  Caterpillar, Inc.,  Shanghai Hongxin Equipment Engineering Co.,  Ahern Rentals, Inc

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