The "Global Equipment Rental Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
The global equipment rental market will grow at a CAGR of 3.26% during the period 2017-2021.
The Global Equipment Rental Market 2017-2021, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Equipment rental is a service industry that provides machinery, tools, and equipment to end-users such as the construction, mining, power, and oil and gas industries, on a rental basis. A rental agreement signed before the transaction specifies the rental amount, security deposit, delivery date, late return fees, duration of the rental period, and location. Renting equipment has several benefits such as avoiding the initial purchase cost, and less maintenance and repair costs.
According to the report, one driver in the market is the advantage of renting equipment for short-term projects. A competitive edge is one of the key factors that determines the sustainability of a company in any given industry. To increase market share, a company needs to upgrade its operations to churn out maximum profits.
For the equipment and heavy machinery intensive industry, the cost associated with owning such equipment has increased the pressure on the balance sheet of the firm.
As the management of the companies is involved in increasing the sales figures and other aspects of the business, the costs of leasing or renting equipment for short-term projects proves less than the cost of purchasing the required equipment.
Key vendors
- Atlas Copco
- Caterpillar
- Hertz Equipment Rental
- Sunbelt Rentals
- United Rentals
Other prominent vendors
- Aggreko
- AKTIO Corporation
- Ashtead Group
- BlueLine Rental
- Cramo
- Deere & Company
- Fabick CAT
- Herc Rentals
- Kanamoto
- Loxam
- Maxim Crane Works
- Mustang CAT
- NISHIO RENT ALL
- NIKKEN CORPORATION (Mitsubishi Corporation)
- Sims Crane & Equipment
- Stephensons Rental Services
- Sunstate Equipment Company
- Titan Machinery
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End-User
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/7mxh7q/global_equipment?w=4
View source version on businesswire.com: http://www.businesswire.com/news/home/20180115005318/en/