Market revenue in 2023 | USD 195,353.8 million |
Market revenue in 2030 | USD 280,134.4 million |
Growth rate | 5.3% (CAGR from 2023 to 2030) |
Largest segment | Earth moving machinery |
Fastest growing segment | Concrete & Road Construction Machinery |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction equipment rental market will help companies and investors design strategic landscapes.
earth moving machinery was the largest segment with a revenue share of 55.25% in 2023. Horizon Databook has segmented the Global construction equipment rental market based on earth moving machinery, material handling machinery, concrete & road construction machinery covering the revenue growth of each sub-segment from 2018 to 2030.
The prominent players in the equipment market are majorly focusing on developing smarter machines by incorporating propriety technology systems. The Telematics system provides brief information about the location and level of the performance of construction equipment as well as the vehicle. Data relayed through the system includes engine hours idling, GPS location, and fuel consumption however, the systems require huge investment which makes them unaffordable for many small builders and contractors.
Horizon Databook provides a detailed overview of global-level data and insights on the Global construction equipment rental market , including forecasts for subscribers. This global databook contains high-level insights into Global construction equipment rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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