Finland Construction Equipment Rental Market Overview, 2028

Finland Construction Equipment Rental Market Overview, 2028

Finland's economy is characterised by a high level of industrialization, a small domestic market, and openness to trade. Finland Construction rental equipment the market is increasing slowly due to the major construction projects and newly developed infrastructure. The industry will be driven by infrastructure initiatives for high-speed rail services and airport modernization. New nuclear plant construction will also play a significant role in driving infrastructure investment, although there is a chance that it may be delayed due to continuous objections from industries like pharmaceuticals and agriculture motivated by environmental concerns. Concern about the comparatively high labour expenses is never unfounded, especially in light of potential strikes by the workforce in opposition to privatisation measures. The market for construction rental equipment is growing as a result of all of the projects.

In Finland, the construction rental equipment market is expected to significantly increase in the future. The epidemic caused new tendencies to emerge; the demand for property outside of Helsinki and Espoo's major cities has grown, driven by the desire for greater space for home offices. As a result, there is a parallel trend toward less need for the construction of office buildings as individuals change where they work. Finland's infrastructure is still in need of improvement, with many sections of the railway and road networks receiving only modest amounts of investment. The market, which had previously been dominated by two local champions, has recently been rattled by the emergence of a new participant, raising investments and ratcheting up the level of competition.

The market for renting construction equipment is divided into three categories based on the type of equipment used: earth movement, material handling, and road building and concrete. Earth movement equipment refers to mobile, motorised vehicles that are used to spread, haul, dig, or move earth or other materials. These tools, such as excavators, loaders, dozers, and motor graders, are frequently used to move or remove substantial amounts of soil as well as to lay foundations and design landscapes. The selection of earthmoving equipment is heavily influenced by the volume of material to be moved, the type of soil already present, and compaction issues. Due to the increasing infrastructure investments being made to upgrade public and private infrastructures, businesses that hire earthmoving equipment now have a chance. Earthmoving equipment is expensive and requires significant capital commitments for installation.

As of 2023, there are 343 Construction Equipment Rental & Leasing businesses in Finland, with Fortrent Oy and Ramirent being the top rental construction equipment companies.The market for renting construction equipment is divided into three categories based on the type of equipment used: earth movement, material handling, and road building and concrete.Equipment used to spread, haul, dig, or move soil or other materials is referred to as earth movement equipment. Excavators, loaders, dozers, and motor graders are a few of the machines that are regularly used to move or remove large amounts of soil, as well as to lay foundations and create landscapes. The amount of material to be moved, the type of soil already present, and compaction difficulties all play a significant role in the decision of which earthmoving machinery to use. Businesses that hire earthmoving equipment now have a chance because of the growing infrastructure investments being made to upgrade public and private infrastructures.

COVID-19 impact:
Following a short lockdown and no site shutdowns, the immediate impact of the COVID-19 pandemic was mild, as it was in other Nordic nations. The COVID-19 epidemic will, however, have a medium- to long-term negative impact on Finland, resulting in project cancellations and perhaps project delays as investment growth slows.

Considered in this report
• Geography: Finland
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Finland Construction Rental market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By equipment Type:
• Earthmoving
• Material handling
• Concrete and road construction

By Application Type:
• Residential
• Non residential
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Construction Rental industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.