United States Earth-moving Equipment Rental Market was valued at USD 20.3 Billion in 2022 and is projected to reach USD 29.9 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The US Earth-moving Equipment Rental Market has grown significantly over the years, driven by increasing demand from various industries like construction, mining, and infrastructure development. With its high cost and limited usage frequency, many companies prefer renting heavy equipment rather than purchasing it outright, leading to the boom in the rental sector.
Earth-moving equipment includes bulldozers, excavators, backhoes, and graders. These machines are crucial in tasks such as excavation, grading, and material handling. The Earth-moving Equipment Rental Market is expected to continue expanding, driven by the need for flexible, cost-effective solutions for short-term projects. In fact, the demand for these rentals has been fueled by rising construction activities in urban and suburban areas, which require robust equipment for large-scale projects.
Construction companies form the largest portion of the rental market, as they often need earth-moving machinery for specific tasks. Renting allows these companies to avoid the upfront cost of purchasing equipment and the costs associated with maintenance and storage. Similarly, infrastructure development projects, which are often funded by government initiatives, need temporary access to earth-moving machines for project duration. Mining companies also rely heavily on renting such machinery, as it offers them the flexibility to scale operations based on project demands without the capital expenditure burden.
Additionally, the rise in public-private partnerships and rapid urbanization are fueling the demand for Earth-moving Equipment Rental Market. Regions with growing real estate, transportation, and energy sectors are particularly seeing a high uptick in the need for such equipment. Moreover, businesses in these industries seek the advantage of using the latest technology available, which is easier to access through rentals.
The ability to rent equipment on demand allows industries to optimize their workforce and resources, ensuring higher productivity without long-term commitments. As industries continue to evolve and demand fluctuates, the Earth-moving Equipment Rental Market will continue to serve as an essential solution for businesses looking to stay competitive and cost-efficient.
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Ahern Rentals
Alta Rents
Ashtead Group
Carolina Cat Construction
Herc Rentals
MacAllister Rentals
Melvindale Michigan
National Group
Puckett Rents
Reddy Rents
Sunbelt Rentals
The Duke Company
Thompson Machinery
United Rentals
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Earth-moving Equipment Rental Market
Excavators
Bulldozers
Backhoe Loaders
Skid Steer Loaders
Dump Trucks
Wheel Loaders
Graders
Compactors
Construction
Mining
Agriculture
Landscaping
Infrastructure Development
Dredging
Environmental Restoration
Short-Term Rental
Long-Term Rental
Daily Rental
Weekly Rental
Monthly Rental
Residential Construction
Commercial Construction
Industrial Construction
Utility Services
Oil & Gas
Waste Management
Government Projects
Direct Sales
Online Platforms
Third-Party Dealers
Rental Equipment Stores
Construction Equipment Expos
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Earth-moving Equipment Rental Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Earth-moving Equipment Rental Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Earth-moving Equipment Rental Market, By Type
6. US Earth-moving Equipment Rental Market, By Application
7. US Earth-moving Equipment Rental Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Earth-moving Equipment Rental Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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