The ASEAN construction equipment rental market was valued at USD 1.4 billion and is expected to reach USD 2.97 billion over the next five years, registering a CAGR of more than 7% during the forecast period.
The ASEAN construction equipment rental market is led by Sin Heng Heavy Machinery Limited, Aktio Co., Kanamoto Co. Ltd, Tat Hong Holdings Ltd, Nishio Rent All Co. Ltd, Rent (Thailand) Co. Ltd, Shanghai Pangyuan Machinery Rental Co. Ltd and among others.
The companies are venturing into the South East Asian countries by forming subsidiaries through joint ventures and collaborations. This factor has helped the companies expand their presence considerably and also helped in increasing revenue on a year-on-year basis.
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