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商品編碼

1347924

全球建築設備租賃市場 - 2023-2030

Global Construction Equipment Rental Market - 2023-2030

出版日期: 2023年09月11日 | 出版商:

DataM Intelligence | 英文 181 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

全球建築設備租賃市場2022年達到1123億美元，預計到2030年將達到1651億美元，2023-2030年預測期間年複合成長率為5.1%。

租賃建築設備比購買更具成本效益，尤其是對於短期項目。它使建築公司能夠避免購買新設備的高成本，而只需為特定項目期間所需的設備付費。它提供從小型工具到重型機械的各種建築設備。

租賃公司經常使用最新的技術和型號更新其設備庫存。通過租賃，建築公司可以獲得最先進的機械，但直接購買的成本可能太高。租賃可以讓建築公司避免擁有過時設備的風險，並確保獲得現代高效的機械。預計 2023 年至 2030 年預測期內，亞太地區將出現最高成長率。

亞太地區新興經濟體的政府正在大力投資高速公路、機場、水壩和經濟特區 (SEZ) 的開發，以改善互聯互通、刺激商業並增強整體經濟。這些活動吸引了主要建築設備公司的關注，他們渴望在該地區進行大量投資並建立業務。Caterpillar、日立、利勃海爾和住友商事等全球建築設備製造商都在該地區提供產品和服務。

動力學

增加基礎設施投資

基礎設施項目通常涉及不斷變化的需求和不同的工作負載。租賃設備提供了靈活性，可以快速適應項目需求並根據需要擴大或縮小規模。租賃公司提供技術支持和操作員培訓，確保承包商能夠安全有效地操作設備，這種支持非常有價值，尤其是對於複雜的機械。

印度品牌資產基金會稱，印度到2025年加強基礎設施建設，目標投資5兆美元。印度正在大力投資改善其交通網路，以增強連通性和流動性。公路、鐵路和機場的擴建和現代化是主要重點領域。高速公路、國道和國家的發展旨在減少運輸時間和成本，促進貿易和商業。

隨著建築行業的不斷擴張，隨著基礎設施項目和城市發展的需求不斷增加，對建築設備的需求不斷增加，建築設備租賃市場為私營公司提供了利潤豐厚的機會，創造了強勁的租賃服務市場。

例如，2023年1月18日，知名橙色建築設備品牌斗山在全球範圍內將更名為DEVELON。 DEVELON旨在繼續為基礎設施行業提供創新產品和解決方案，鞏固其作為建築設備全球領導者的地位。 DEVELON將專注於製造建築設備，以建設關鍵基礎設施，並通過替代能源促進永續發展。

政府對建築業的投資

政府大力投資基礎設施建設，包括修建高速公路、橋樑、道路、機場和公共設施，這些大型項目需要各種建築設備，這增加了公共和私人組織對租賃服務的需求。

例如，2023 年 2 月 2 日，財政部長提議將 2024 會計年度的資本投資支出比 2019 會計年度增加三倍，這表明了對基礎設施發展的堅定承諾。更高的資本投資會增加建設項目的資金，從而為建築公司創造更多機會並促進整體經濟成長。

政府為包括設備租賃服務在內的建築公司提供稅收優惠和補貼，這些優惠措施可以降低建築項目的總體成本，並鼓勵更多的公司選擇租賃解決方案。政府還投資於建築工人的技能發展和培訓項目。

例如，2023 年 3 月 11 日，印度 2023-24 年聯邦預算重點關注促進基礎設施和發展工作，同時也解決房地產、工業成長和公共支出問題，並為基礎設施發展撥款 10 兆盧比，預算目標促進城市之間的互聯互通並實施各種基礎設施項目。總理 Awas Yojana 的擴張和減稅旨在增加獲得經濟適用房的機會。

需要維護

租賃設備需要定期維護，以確保正常運行和安全。維護成本很高，特別是對於較舊的設備或客戶沒有妥善保管租用機器的情況。建築設備的使用壽命是有限的，會隨著時間的推移而貶值。

擁有和維護建築設備涉及大量資本投資和持續開支。在停機期間，即使設備沒有產生收入，租賃公司仍然需要支付維護成本、保險、存儲和其他管理費用。

設備更新與管理

租賃公司需要保持最新的設備庫存以滿足客戶的需求。平衡設備可用性與市場需求並確保適當的存儲可能是一個後勤挑戰。對於承包商來說，了解最新的行業趨勢是一個具有挑戰性的情況。

管理契約續籤和延期是一個耗時的過程，特別是當多個租賃協議同時進行時。租賃公司需要追蹤契約到期日期，並主動與客戶互動，討論潛在的續約或延期事宜。

Overview

Global Construction Equipment Rental Market reached US$ 112.3 billion in 2022 and is expected to reach US$ 165.1 billion by 2030, growing with a CAGR of 5.1% during the forecast period 2023-2030.

Renting construction equipment can be more cost-effective than purchasing, especially for short-term projects. It allows construction companies to avoid the high costs of buying new equipment and instead pay only for the equipment they need during specific project durations. It offers a wide range of construction equipment from small tools to heavy machinery.

Rental companies often update their equipment inventory with the latest technology and models. By renting, construction companies can access state-of-the-art machinery that may be too costly to purchase outright. Renting allows construction companies to avoid the risk of owning obsolete equipment and ensures access to modern and efficient machinery. Asia-Pacific is expected to witness the highest growth rate during the forecast period 2023-2030.

Governments in Asia-Pacific's emerging economies are heavily investing in the development of highways, airports, dams and special economic zones (SEZs) to improve connectivity, stimulate commerce and strengthen the general economy. The activities are attracting the attention of major construction equipment companies, who are eager to invest heavily and establish a presence in the region. Caterpillar, Hitachi, Liebherr and Sumitomo Corporation are among the global construction equipment manufacturers that offer their goods and services in the region.

Dynamics

Increasing Investment in Infrastructure

Infrastructure projects often involve changing requirements and varying workloads. Renting equipment provides flexibility that quickly adapts project demands and scales up or down as needed. Rental companies offer technical support and operator training which ensures that contractors can operate the equipment safely and efficiently and this support can be valuable, especially for complex machinery.

According to India Brand Equity Foundation, India enhances its infrastructure upto 2025 and has targeted US$ 5 trillion. India is heavily investing in improving its transportation network to enhance connectivity and mobility. The expansion and modernization of roads, railways and airports are major focus areas. The development of expressways, national highways and the country aims to reduce transportation time and costs, boosting trade and commerce.

The construction equipment rental market offers a lucrative opportunity for private companies as the construction industry continues to expand, with the increasing demand for infrastructure projects and urban development, there is a constant need for construction equipment, create a robust market for rental services.

For instance, on 18 January 2023, Doosan, a well-known brand of orange construction equipment, will now be called DEVELON worldwide. DEVELON aims to continue providing innovative products and solutions for the infrastructure industry, solidifying its position as a global leader in construction equipment. DEVELON will focus on manufacturing construction equipment to build critical infrastructure and promote sustainable development through alternative energy sources.

Government Investment in Construction Industry

The government heavily invests in the development of infrastructure that includes the construction of highways, bridges, roads, airports and public facilities, these large-scale projects require a wide range of construction equipment which increases demand for rental services from both public and private organizations.

For instance, on 2 February 2023, finance minister's proposal to increase the capital investment outlay for FY24 by three times from the FY19 level indicates a strong commitment to infrastructure development. Higher capital investment leads to increase funding for construction projects, which in turn can create more opportunities for construction companies and boost overall economic growth.

Governments offer tax incentives and subsidies for construction companies which include equipment rental services, these incentives can reduce the overall cost of construction projects and encourage more companies to opt for rental solutions. The government also invested in skill development and training programs for construction workers.

For instance, on 11 March 2023, the Union Budget 2023-24 in India focuses on promoting infrastructure and development efforts while also addressing real estate, industrial growth and public spending and with a significant allocation of 10 trillion rupees to infrastructure development, the budget aims to boost connectivity between cities and implement various infrastructure projects. The expansion of the PM Awas Yojana and tax reductions aims to increase access to affordable housing.

Need Maintenance

Rental equipment needs regular maintenance to ensure proper functioning and safety. The cost of maintenance is high, especially for older equipment or in cases where customers do not take proper care of the rented machines. Construction equipment has a finite lifespan which will depreciates over time.

Owning and maintaining a construction equipment involves significant capital investment and ongoing expenses. During periods of downtime, rental companies still need to cover maintenance costs, insurance, storage and other overhead expenses, even though the equipment is not generating revenue.

The Updation and Management of Equipment

Rental companies need to maintain an updated inventory of equipment to meet customer demands. Balancing equipment availability with market demand and ensuring proper storage can be a logistical challenge. Staying up to date with industry trends is a challenging situation for contractors.

Managing contract renewals and extensions is a time-consuming process, especially when multiple rental agreements are ongoing simultaneously. Rental companies need to keep track of contract expiration dates and proactively engage with customers to discuss potential renewals or extensions.

Segment Analysis

The global construction equipment rental market is segmented based on product, propulsion, drive, application and region.

Rising Demand for Hydraulic Technology

Earthmoving equipment is expected to hold a share of more than 1/3rd of the global market in 2022. The increased use of earthmoving excavators among the agricultural, mining and building sectors considerably promotes corporate growth. Backhoe loaders, crawler excavators, skid-steer loaders and compact excavators, on the contrary hand, have a bigger load capacity and more powerful engines.

The characteristics of earthmoving equipment allow it to be used in severe operating settings. A well-developed infrastructure is required to improve trade and commerce activities and road connectivity has the potential to affect the economy's destiny. The federal government of U.S. passed The Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act) in November 2021, allowing an investment of US$ 110 billion to upgrade roads, bridges and other infrastructure in five years.

Geographical Penetration

The Rapid Expansion of Construction Industry in North America

North America is expected to hold around 1/3rd of the global construction equipment rental market during period 2023-2030. The construction industry in North America is experiencing robust growth, driven by increased investment in real estate, industrial and commercial sectors, this expansion creates a higher demand for construction equipment, prompting companies to opt for rental solutions. Rental companies continuously upgrade their technology and also contractors prefer renting new machines with advanced technology.

For instance, on 3 October 2022, H&E Equipment Services Inc. completed its acquisition of One Source Equipment Rentals Inc., with this acquisition, H&E adds 10 new equipment rental locations to its branch network, including initial locations in Illinois and Kentucky. The addition of One Source also strengthens H&E's presence in the southern U.S. and contributes approximately US$ 138 million in assets based on original equipment cost.

North America is witnessing significant investments in infrastructure projects which include the construction of roads, bridges, airports and public utilities, these projects require a wide range of construction equipment and renting them provides cost-effective solutions for contractors and project developers.

For instance, on 7 February 2023, Sunbelt U.S., a prominent equipment rental company, completed the acquisition of the business and assets of Key Rentals Group LLC and TBG Equipment LLC. The two entities were specialty businesses operating in Montana, with this acquisition, Sunbelt U.S. further expands its presence and offerings in the region, enhancing its capabilities to serve customers in the equipment rental industry.

Competitive Landscape

The major global players include: United Rentals Inc., Kanmoto Co Ltd., Herc Rentals Inc., Hitachi Construction Machinery Co., Ltd, Caterpillar Inc., Loxam Group, Liebherr, H&E Equipment Services, Inc., Boels Rental and Ahern Rentals.

COVID-19 Impact Analysis

Globally the pandemic disrupted the supply chain management system and leads to delays in the manufacturing and delivery of construction equipment, this affected the availability of rental equipment, causing shortages and increased lead times. During the initial phase of the pandemic, construction industries face slowdown or halt in many regions.

The decline in rental revenue and ongoing expenses, such as maintenance and overhead costs, put a financial strain on rental companies. Some smaller or less financially stable rental firms faced difficulties in stabilizing their companies during the pandemic. Due to these factors, the market faced downfall during COVID-19.

COVID-19 accelerated the adoption of technology in the construction industry, including telematics, remote monitoring and online rental platforms. Rental companies had to adapt to these changes and provide digital solutions to customers. As construction industries gradually started to resume there activities, rental companies experienced increased demand for specific equipment.

To minimize physical contact and comply with social distancing guidelines, rental companies moved towards contactless transactions, online bookings and digital documentation. Physical paperwork and manual documentation have been replaced by digital alternatives. Customers receive rental agreements, invoices and receipts electronically, reducing the need for paper exchanges and in-person visits to rental offices.

AI Impact

AI-powered sensors and analytics can monitor the condition of rental equipment in real-time. By analyzing data such as machine performance, usage patterns and environmental factors, AI can predict potential equipment failures or maintenance needs, which enables rental companies to schedule maintenance proactively, reducing downtime and improving equipment reliability.

AI algorithms analyze historical rental data, market demand and project requirements to optimize equipment allocation, this ensures that the right equipment is available at the right place and time and maximizes rental utilization and revenue for the company, these factors boost market growth.

AI-powered chatbots can handle customer inquiries, rental bookings and provide instant support. As they can answer common queries, guide customers through the rental process and offer personalized recommendations, enhancing customer satisfaction and reducing the workload on rental company staff.

In large construction projects, AI can identify potential clashes in equipment allocation. By analyzing project timelines and equipment requirements, AI can prevent situations where multiple projects require the same equipment simultaneously, avoiding conflicts and improving project efficiency.

Russia- Ukraine War Impact

In areas directly affected by the conflict, there is significant damage to infrastructure, including roads, bridges, buildings and utilities. Rebuilding and reconstruction efforts would require construction equipment and materials. Geopolitical tension between region disrupts the supply chain and make a challenging situation to procure construction materials.

Ongoing hostilities and security concerns lead to delays or cancellations of construction projects in the affected areas. The conflict causes labor shortages, as workers may migrate to safer regions or face difficulties in commuting to work due to security concerns. Due to these factors, the construction industry in the affected region witnessed a downfall in the market.

Many roads and bridges in the conflict-affected regions have been damaged or destroyed due to military actions, which makes transportation and logistics challenging, this has affected the movement of goods, people and aid and these factors hinder economic activities. The conflicts resulted in destruction of homes and public facilities.

The war had significant economic consequences for both Russia and Ukraine. The destruction of infrastructure has affected industries along with agriculture, production and trade, leading to economic losses and demanding situations in reconstruction. The ongoing struggle has created an ecosystem of instability within the region, deterring funding and economic development.

By Product

Earthmoving Equipment
Material-Handling Equipment
Heavy Construction Vehicles
Others

By Propulsion

Diesel
Gasoline
Construction Vehicles
Others

By Drive

Hydraulic
Electric
Hybrid

By Application

Residential
Commercial
Industrial
Infrastructure

By Region

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe

South America
- Brazil
- Argentina
- Rest of South America

Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific

Middle East and Africa

Key Developments

On 19 March 2023, Durante Rentals, based in New Rochelle, N.Y., recently launched Durante Rentals Event Services. Durante Rentals aims to make an immediate impact on their projects, leveraging their assets and expertise in construction equipment rentals.
On 11 July 2023, Cooper Equipment Rentals, based in Canada, has recently acquired Warner Rentals and Scotty's Rentals and Landscaping, expanding its branch and specialty footprint in western Canada. The acquisition of Warner Rentals strengthens Cooper's presence in central British Columbia and enhances its service coverage in the rapidly growing western Canadian market.
On 18 June 2023, Quebec-based Simplex Equipment Rental has acquired Skytec Rentals, an Ontario-based equipment rental company specializing in aerial work platforms. The two companies share common values and a customer-focused business vision, making the acquisition a strategic move to strengthen Simplex's leadership position.

Why Purchase the Report?

To visualize the global construction equipment rental market segmentation based on product, propulsion, drive, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of construction equipment rental market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global construction equipment rental market report would provide approximately 69 tables, 70 figures and 181 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Product
3.2. Snippet by Propulsion
3.3. Snippet by Drive
3.4. Snippet by Application
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Increasing Investment in Infrastructure
  - 4.1.1.2. Government Investment in Construction Industry
- 4.1.2. Restraints
  - 4.1.2.1. Updation and Managing Equipment
  - 4.1.2.2. Need Maintenance
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Product

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
7.2. Earthmoving Equipment *
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Material-Handling Equipment
7.4. Heavy Construction Vehicles
7.5. Others

8. By Propulsion

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 8.1.2. Market Attractiveness Index, By Propulsion
8.2. Diesel *
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Gasoline
8.4. Construction Vehicles
8.5. Others

9. By Drive

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive
- 9.1.2. Market Attractiveness Index, By Drive
9.2. Hydraulic *
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Electric
9.4. Hybrid

10. By Application

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2. Market Attractiveness Index, By Application
10.2. Residential *
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Commercial
10.4. Industrial
10.5. Infrastructure

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Italy
  - 11.3.7.5. Russia
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. United Rentals Inc. *
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. Kanmoto Co Ltd.
13.3. Herc Rentals Inc.
13.4. Hitachi Construction Machinery Co., Ltd
13.5. Caterpillar Inc.
13.6. Loxam Group
13.7. Liebherr
13.8. H&E Equipment Services, Inc.
13.9. Boels Rental
13.10. Ahern Rentals

LIST NOT EXHAUSTIVE