Ocean View, Delaware, Sept. 27, 2016 (GLOBE NEWSWIRE) --
Construction Equipment Rental Market size is expected to reach USD 75.18 billion by 2024; according to a new research report by Global Market Insights, Inc.
The practice of leasing instead of purchasing heavy machinery has proven to be beneficial for companies of all sizes across numerous industries. Lower administrative overhead coupled with reduces expense and maintenance will drive construction equipment rental market size. Since industry vendors need to comply with the pervasive regulatory landscape, buyers benefit from elimination of replacement costs and associated expenditure. Other trends positively impacting revenue include growing technological advancements ranging from multifunctional machinery to apps for monitoring fuel consumption.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/773
Key product development and innovation features include remote monitoring, ergonomic controls, quick-change attachment couplers, etc. GPS-equipped machines that can be tracked with ease on site have significantly improved fleet management. The presence of the leasing channel has also helped enhance overall customer service by ensuring high product quality, improved response time, on-time delivery, scheduled pick-ups, etc.
The industry is characterized by increasing natural gas drilling activities coupled with augmentation of the highway network and formation of smart cities. This will lead to a corresponding demand in the construction equipment market, and also give impetus to the rental sector.
The real estate industry that comprises commercial and residential real estate has also driven construction equipment rental market size. Developing technology with greater efficiency and accuracy in material handling has placed high emphasis on safety and productivity at the workplace; for instance, the development of automatic height-adjusting carts which has enabled the operators to work at optimal heights without aids from hydraulic, electrical or pneumatic tools. This has benefitted the material handling machinery industry to a considerable extent.
Rising population and growing urbanization along with increasing income levels and growth in IT/ ITeS sector will propel India construction equipment rental market share.
Browse key industry insights spread across 110 pages with 29 market data tables & 29 figures & charts from the report, “Construction Equipment Rental Market Size By Product (Earthmoving Machinery, Material Handling Machinery, Concrete & Road Construction), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Russia, Japan, India, China, Brazil, Mexico, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/construction-equipment-rental-market
Key insights from the report include:
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/773
Global Market Insights has segmented the construction equipment rental market on the basis of product and region:
Construction Equipment Rental Product Analysis (Revenue, USD Billion, 2013 – 2024)
Construction Equipment Rental Regional Analysis (Revenue, USD Million, 2013 – 2024)
Browse Related Reports:
https://www.gminsights.com/industry-analysis/sand-blasting-machines-market-size
https://www.gminsights.com/industry-analysis/insulated-concrete-form-market
Read our insightful industry blogs
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.