Rockville, June 20, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the Dump Trailer Rental Market is expected to grow from US$ 1,097.3 million in 2023 to US$ 1,532.9 million in 2033 at a rate of 3.4%.
Dump trailers, also known as dumping trucks, are essential for transporting various materials such as dirt, gravel, demolition waste, and coal. They feature an open-box bed that is hinged at the rear and equipped with hydraulic rams. This design enables the front of the bed to be lifted, allowing the materials to be deposited at the delivery site.
For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8623
The demand for dump trailers is growing due to rapid urbanization, infrastructure development, increased mining activities, growth in the agriculture sector, and a surge in construction projects. Renting dump trailers provides end-use industries with operational optimization.
These trailers offer the advantage of temporary usage, eliminating the need for significant capital investment or long-term commitments for machine handling.
By renting dump trailers, industries tailor their transportation capacity to match the specific requirements of each project, ensuring cost-effectiveness and streamlined logistics. As a result, the rental market for dump trailers is expected to experience substantial growth during the forecast period.
Key Takeaways from Market Study
- Dump trailer rental services market is likely to grow at a CAGR of 3.4% during the forecast period creating an absolute $ opportunity of the US$ 471.7 million
- The US market for dump trailer rental is highly lucrative growing at a CAGR of 3.9% during the forecast period and had registered a historic CAGR of 3.0% from 2018 to 2022
- By end-use industry, the construction industry is likely to create an absolute $ opportunity of US$ 186.0 million in coming years
- Medium-duty dump trailers, by capacity are growing at a CAGR of 3.7% and are expected to reach a valuation of US$ 1,086.8 million in 2033 from US$ 758.2 million in 2023
- Japan is expected to grow from US$ 75.7 million in 2023 to US$ 93.5 million in 2033, creating an absolute $ opportunity of US$ 32.0 million
“Renting Dump Trailers Revolutionize Material Transportation and Optimizes Operations for End-use Industries” says a Fact.MR analyst.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8623
Market Growth Stratagems
To cater to a broader range of customer requirements, rental service providers are diversifying their trailer offerings. They offer trailers of different sizes, load capacities, and specifications to accommodate various types of materials and applications. This diversification allows them to serve a wider customer base and address specific industry needs.
Rental service providers are also entering into strategic partnerships with construction companies, agricultural businesses, or other industry players to expand their customer base. Collaborating with these entities allows them to access a ready customer pool and provide tailored rental solutions for specific projects or industries.
Key Companies Profiled
- ACME Rentals
- DEALER SPIKE
- Hale Trailer Brake & Wheel
- Home Depot Product Authority, LLC.
- The Home Depot Rental
- Tri City Equipment Rental
- United Rentals
Segmentation of Dump Trailer Rental Industry Research
- By Type:
- Side
- End
- Bottom
- By Capacity:
- Light-duty (up to 7,000 lbs)
- Medium-duty (7,000 - 14,000 lbs)
- Heavy-duty (14,000 lbs and above)
- By End-use Industry:
- Construction & Infrastructure
- Landscaping & Gardening
- Agriculture & Farming
- Mining & Quarrying
- Waste Management
- Transportation & Logistics
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/8623
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the dump trailer rental market, presenting historical market data (2018–2022) and forecast statistics for the period of 2023–2033.
The study reveals essential insights on the basis of the type (side, end, and bottom), capacity (light-duty, medium-duty, and heavy-duty), end-use industry (construction & infrastructure, landscaping & gardening, agriculture & farming, mining & quarrying, waste management, transportation & logistics, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
Key Questions Covered in the Dump Trailer Rental Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Dump Trailer Rental sales grow until 2033?
- Which are the factors hampering the Dump Trailer Rental demand?
- Which region will spearhead the growth in the global industry by 2033?
- Which are the factors driving sales in the Dump Trailer Rental Market during the forecast period?
Check out more related studies published by Fact.MR Research:
Construction Equipment Rental Market: The global construction equipment rental market growth is expected to be worth US$ 121 billion in fiscal 2022, up from US$ 115 billion in fiscal 2021. The industry grew 4.3% year over year last year. From 2022 to 2032, the market is expected to grow at a CAGR of 4.3%, reaching a value of US$ 185 billion by the end of 2032.
Bulldozer Rental Market: According to latest research conducted by Fact.MR bulldozer rental market is expected to grow with single digit CAGR during forecast period 2021-2031. During forecast period investments from government and private construction companies will increase developments like commercial, residential & industrial projects, forestry & agriculture activities which will together thrive global demand in this dynamic business.
Computer Rental & Leasing Market: The global computer rental & leasing market size stands at US$ 4.5 billion in 2022 and is projected to reach US$ 5.5 billion by 2032, progressing at a CAGR of 2.1% during the forecast period (2022-2032). Computer rental & leasing accounted for nearly 10% share of the global enterprise hardware rental market at the end of 2021. The global spread of COVID-19 resulted in the rise of computer rental companies, with the market growing 25%-30%.
Drone Rental Business Market: The global drone rental business market share is valued at US$ 91.9 million in 2023. The market is expected to expand rapidly at a CAGR of 17.8% and reach a valuation of US$ 472.8 million by the end of 2033. Renting a drone is cost-efficient for individuals as well as businesses. On average, renting a drone cost around US$ 25-75 per day and a maximum of around US$ 100 in certain cities in the United States.
Underwater Drone Rental Market: The global underwater drone rental market revenue will reached a valuation of US$ 23.8 million in 2023 and is expected to climb to US$ 57.4 million by 2033, expanding at a healthy CAGR of 9.2% during the forecast period of 2023 to 2033. The underwater drone rental market is about 28.0% of the overall drone rental market and about 1.2% of the total drone services market which was about US$ 6.6 million in 2023.
About Us:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Connect to Author: Mr. Shubham Patidar
Email : shubham@factmr.com
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube
