Engineering Machinery Rental Market Revenue was valued at USD XX Billion in 2024 and is estimated to reach USD YY Billion by 2033, growing at a CAGR of ZZ% from 2026 to 2033.
The global engineering machinery rental market was valued at approximately USD 94.4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The increasing demand for construction and infrastructure projects, coupled with the need for cost effective machinery solutions, is driving market growth. Additionally, the shift towards adopting rental services over purchasing equipment is boosting the demand for rentals. The North American region accounted for the largest market share in 2022, generating over USD 35 billion, driven by high construction activity and strong infrastructure development in the U.S. and Canada. Europe followed closely with a market share of around 30%, primarily due to the significant investments in large scale construction and engineering projects across the region.
Regionally, the Asia Pacific market is expected to experience the highest growth rate during the forecast period, with a CAGR of 6.5%, reaching an estimated market size of USD 50 billion by 2030. This growth is driven by the rapid expansion of infrastructure development and urbanization in countries like China, India, and Japan. The Middle East and Africa are also projected to show substantial growth, as the region continues to invest in construction and energy projects, with a market size expected to exceed USD 10 billion by 2030. Latin America, while smaller in comparison, is likely to see steady growth as infrastructure projects in Brazil and Mexico continue to drive demand for rental services.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=598354&utm_source=Pulse_G_April&utm_medium=212
Sin Heng Heavy Machinery Limited
Aktio Co.
Ltd.
UMW
Nishio Rentall
Tat Hong
Superkrane Equipments
Rent (Thailand) Co.
Ltd.
Kanamoto Co.
Ltd.
Guzent
SCMC
Hillcon
INA
Asia Machinery Solutions Vietnam
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. 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.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=598354&utm_source=Pulse_G_April&utm_medium=212
Growing demand for below applications around the world has had a direct impact on the growth of the Global Engineering Machinery Rental Market
Excavators
Bulldozers
Crane Rentals
Forklifts
Backhoes
Skid Steers
Construction
Mining
Agriculture
Landscaping
Infrastructure Development
Demolition
Short-Term Rental (daily, weekly)
Long-Term Rental (monthly, yearly)
Project-Based Rental
B2B (Business to Business)
B2C (Business to Consumer)
Franchise Models
Small and Medium Enterprises (SMEs)
Large Corporations
Government and Municipalities
Contractors and Subcontractors
Individual Consumers
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)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/engineering-machinery-rental-market/
1. Introduction of the Global Engineering Machinery 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. Global Engineering Machinery Rental Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Engineering Machinery Rental Market, By Type
6. Global Engineering Machinery Rental Market, By Application
7. Global Engineering Machinery Rental Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Engineering Machinery Rental Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/