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市場調查報告書

施工機械出租的全球市場:各車輛類型(土木工程機具、物料輸送)、動力來源(內燃引擎、混合)、地區 - 成長,趨勢,預測(2019年∼2026年)

Construction Equipment Rental Market - Growth, Trends, and Forecasts (2020 - 2025)

出版商 Mordor Intelligence LLP 商品編碼 707325
出版日期 內容資訊 英文 150 Pages
商品交期: 2-3個工作天內
價格
施工機械出租的全球市場:各車輛類型(土木工程機具、物料輸送)、動力來源(內燃引擎、混合)、地區 - 成長,趨勢,預測(2019年∼2026年) Construction Equipment Rental Market - Growth, Trends, and Forecasts (2020 - 2025)
出版日期: 2020年06月01日內容資訊: 英文 150 Pages
簡介

全球施工機械出租市場至2022年將以5.06%的年複合成長率發展,成長到1,745億2,000萬美元的市場規模。尤其是在發展中國家建設業顯著成長,自動化的趨勢等成為這個市場成長的促進因素。

本報告提供全球施工機械出租市場調查,市場概要,各機器類型、動力來源、地區的市場規模的變化與預測,市場成長要素及阻礙因素,市場機會,競爭情形,主要企業的簡介等全面性資訊。

目錄

第1章 簡介

  • 調查成果
  • 前提條件
  • 調查範圍

第2章 調查方法

第3章 摘要整理

第4章 市場動態

  • 成長要素及阻礙因素分析
  • 成長要素
  • 市場概況
  • 阻礙因素
  • 波特的五力分析
    • 買方議價能力
    • 供給企業談判力
    • 新加入業者的威脅
    • 替代品的威脅
    • 競爭企業間的敵對關係
  • 包含技術趨勢(自動設備及連網型設備)

第5章 市場區隔

  • 各類型機械
    • 土木工程機具
    • 物料輸送
  • 各動力來源
    • 內燃引擎
    • 混合
  • 各地區
    • 北美
    • 歐洲
    • 亞太地區
    • 南美
    • 中東、非洲

第6章 競爭情形

  • 企業佔有率分析
    • 簡介
    • 市場佔有率
  • 企業簡介
    • Cramo Plc
    • HSS Hire Group Plc
    • Herc Rentals Inc.
    • CNH Industrial
    • Liebherr International AG
    • Caterpillar
    • 住友商事
    • 日立建機
    • Ashtead Group Plc
    • kanamoto
    • H&E Equipment Services Inc.
    • Ramirent plc
    • Loxam
    • United Rentals Inc.

第7章 市場機會及未來趨勢

第8章 價格變動分析

第9章 更新率分析

第10章 免責聲明

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目錄
Product Code: 64054

The construction equipment rental market is anticipated to register a CAGR of about 4.78% during the forecast period.

  • One of the major factors driving the growth of the market is the growing construction industry, especially in developing countries, owing to numerous growth opportunities in infrastructure, residential, and non-residential sectors. For instance, the rise in construction of multi-family houses (with the growing trend of nuclear families), and increasing investments in the construction of roads, highways, smart cities, metros, bridges, and expressways due to growing population and urbanization.
  • The growing trend toward automation is expected to drive the growth of the market. However, factors, such as stringent emission regulations for construction machinery, are expected to hinder the growth of the market.
  • The Asia-Pacific region is expected to continue to capture a major share in the market during the forecast period, owing to the growing construction sector and infrastructural investments in countries, such as India and ASEAN Countries (such as Malaysia, Indonesia, Vietnam, Singapore).
  • Some of the regional players operating in the market are Ashtead Group (Sunbelt Rentals), United Rentals Inc., Herc Rentals Inc., Kanmoto Co. Ltd, and H&E Equipment Services.

Key Market Trends

Increasing Investments in the ASEAN Construction Industry

  • The construction industry is highly dynamic, and numerous factors, such as overall economy, budgets, and global economic scenario, are influencing the market's growth. Volatility in these aspects affects the businesses of construction equipment OEMs, as well as construction rental equipment. This, in turn, is leading to price fluctuations of new, used, and rental equipment.
  • The ASEAN region holds significant opportunities for the growth in demand for construction machinery. With the prospects of large infrastructure projects and shifting labor dynamics, the construction equipment rental market is expected to witness growth post-2020 during the forecast period. With a sudden outbreak of COVID-19 pandemic across the world, many economic sectors, including the construction industry, have been under lockdown for a few weeks/months in the first quarter of 2020.
  • In the ASEAN countries, the construction sector is expected to grow at a rate of more than 6% post-2020. It is estimated that over the next five years, the combined value of all the mega-projects in the ASEAN region is expected to be valued at USD 2.9 trillion. Of this value, about USD 1.5 trillion is invested in the planning/pre-planning phase.
  • In addition, the investments in infrastructure, both, public and private, such as the Indonesian National Medium-term Development Plan (USD 460 billion), Vietnam Socio-Economic Development Plan (USD 61.5 billion), and the Philippine Development Plan "Build, Build, and Build" (USD 71.8 billion), are expected to offer opportunities for construction equipment rentals.
  • Thus, construction equipment rental in these scenarios proves to be the preferable and effective choices for the construction companies, primarily to reduce or minimize the impact of unexpected financial downturns.

Asia-Pacific is Expected to Dominate the Construction Equipment Rental Market

The global construction equipment rental market has been experiencing positive growthover the past three years (2017-2019), as a result of the heavy investments made in the smart residential and commercial buildings sector, and government policies boosting to the manufacturing sector. However, in 2020, the sudden outbreak of COVID-19 pandemic across the world resulted in the lockdown of many economic sectors, including the construction industry, for a few weeks/months during the first quarter of 2020.

However, during this time, critical government construction projects, such as hospital builds, key utilities, and infrastructure, continued working but at a slower pace with less labor force at the job site to prevent the spread of coronavirus. Thus, during 2020, the construction equipment rental market value is likely to fall by ~30% due to a fall in the global economic growth, which, in turn, is resulting in a slow down of construction work timelines.

Currently, the construction equipment rental companies and construction contractors have slowly started to resume their construction works as governments have started giving approvals for commercial construction projects across the cities in many countries, like the United States, India, the United Kingdom, and China.

The emerging markets in Asia-Pacific and South America are witnessing strong demand for heavy construction equipment, and substantial investments are being made in these ese regions.

The ongoing demand for construction of smart cities across the world and various mega construction, particularly in developing countries, will increase the demand for the construction equipment rental market.

The Asia-Pacific is one of the largest markets that has witnessed a boom in the construction and infrastructural development, because of the growing emphasis by the governments on developing infrastructure for a sustainable economy. This region witnessed growth in the number of Special Economic Zones (SEZs), airports, metro construction, highway constructions, dams, hydroelectric projects, etc., in order to sustain high-level industrial activities, better connectivity, and growing energy demand. As a result, many international players are beginning to invest and are setting up manufacturing facilities and distribution centers in the region to meet the growing demand and to capture the regional market. Construction machinery manufacturers, such as Liebherr, Caterpillar, Hitachi, and Sumitomo Corporation, are offering rental services that face intense competition from numerous domestic and regional players, owing to the competitive pricing and technologically advanced equipment availability.

Crawler excavators are one of the most demanded heavy construction equipment (heavy-duty excavators), weighing 60,000 to 80,000 pounds, used across a wide range of applications, including industries (especially heavy infrastructural projects), underground utilities, road construction, pipeline, and commercial site preparation and demolition purposes. Increasing capacity augmentation in the cement industry is expected to propel the growth of the excavator market.

In order to ramp up the efficiency of work and reduce the maintenance cost of the machinery, equipment rental software solutions provide a base to the construction machinery rental companies. The majority ofthe international companies already started using these software solutions to track the precise working hours, parts replacement cycle, and operation efficiency.

The market is highly fragmented, such that for every country, there are more than 150 mobile crane service providers, according to the directory of cranes by TDKv. Post-2020, the operating profit of rental companies is anticipated to increase from 8-10% to 12-14%, owing to the rising non-residential construction activities and customers' preference toward brand loyalty due to the extensive marketing activities conducted by major companies.

Competitive Landscape

The global construction equipment rental market is characterized by the presence of numerous domestic and regional players, resulting in a highly fragmented market environment.

The five key players, namely United Rentals Inc., Ashtead Group PLC, Herc Rentals, H&E Equipment Services, Loxaman, and Kanamoto Co. Ltd, in the market account for 18% of the market share, and the remaining 82% of the market share is held by other players (domestic or regional players).

The market is highly driven by mergers and acquisitions and joint venture activities.

  • United Rental Inc., the top player in the North American market, has acquired nearly 14 organizations so far. In 2018, the acquisition of BlueLine increased United Rentals' capacity in many of the largest metropolitan areas in North America, including both US coasts, the Gulf South and Ontario.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Technology Trends (Including Autonomous and Connected Equipment Trends)

5 MARKET SEGMENTATION

  • 5.1 By Vehicle Type
    • 5.1.1 Earth Moving Equipment
      • 5.1.1.1 Backhoe
      • 5.1.1.2 Loaders
      • 5.1.1.3 Excavators
      • 5.1.1.4 Other Earthmoving Equipment
    • 5.1.2 Material Handling
      • 5.1.2.1 Cranes
      • 5.1.2.2 Dump Trucks
  • 5.2 By Drive Type
    • 5.2.1 IC Engine
    • 5.2.2 Hybrid Type
  • 5.3 Geography
    • 5.3.1 North America
      • 5.3.1.1 United States
      • 5.3.1.2 Canada
      • 5.3.1.3 Mexico
      • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
      • 5.3.2.1 Germany
      • 5.3.2.2 United Kingdom
      • 5.3.2.3 France
      • 5.3.2.4 Spain
      • 5.3.2.5 Italy
      • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia-Pacific
      • 5.3.3.1 China
      • 5.3.3.2 Japan
      • 5.3.3.3 India
      • 5.3.3.4 Australia
      • 5.3.3.5 South Korea
      • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
      • 5.3.5.1 United Arab Emirates
      • 5.3.5.2 South Africa
      • 5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Cramo Oyj
    • 6.2.2 HSS Hire Group Plc
    • 6.2.3 Herc Rentals Inc.
    • 6.2.4 CNH Industrial
    • 6.2.5 Liebherr International AG
    • 6.2.6 Caterpillar
    • 6.2.7 Sumitomo Corp.
    • 6.2.8 Hitachi Construction Machinery (Hitachi Group)
    • 6.2.9 Ashtead Group Plc
    • 6.2.10 Kanamoto Co. Ltd
    • 6.2.11 H&E Equipment Services Inc.
    • 6.2.12 Loxam
    • 6.2.13 United Rentals Inc.
    • 6.2.14 Nishio Rent All Co.

7 Market Opportunities and Future Trends

8 Disclaimer