Global Compact Power Equipment Rental Market 2024-2028
The compact power equipment rental market is forecasted to grow by USD 2.09 bn during 2023-2028, accelerating at a CAGR of 6.3% during the forecast period. The report on the compact power equipment rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of the global construction industry, the increasing popularity of equipment rentals, and increased investment in infrastructure.
Technavio's compact power equipment rental market is segmented as below:
- By Product
- Electric power tools rental
- Engine-driven power tools rental
- Pneumatic power tools
- By Type
- Period rental
- Rent to own
- On-demand rental
- By Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the integration of advanced technologies in compact power equipment as one of the prime reasons driving the compact power equipment rental market growth during the next few years. Also, the increasing adoption of online rental platforms and growing focus on equipment utilization and optimization will lead to sizable demand in the market.
The report on the compact power equipment rental market covers the following areas:
- Compact power equipment rental market sizing
- Compact power equipment rental market forecast
- Compact power equipment rental market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading compact power equipment rental market vendors that include Aggreko Plc, Ahern Rentals, Ashtead Group Plc, Bierschbach Equipment and Supply, Briggs and Stratton LLC, Caterpillar Inc., Compact Power Equipment Rental, Construction Equipment Rentals OMATA, Cooper Equipment Rentals Ltd., Cummins Inc., Doosan Portable Power Co., Dynamic Equipment Rentals, Finning International Inc., Herc Holdings Inc., Makita Power Tools India Pvt. Ltd., Manlift Middle East LLC, Pioneer Power Service Pvt Ltd., STARK Building Materials UK Ltd., The Home Depot Inc., United Rentals Inc., and Titan Machinery Inc.. Also, the compact power equipment rental market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.