US Equipment Rental Market Report 2022: Growth in Government Projects Presents Lucrative Opportunities
US Equipment Rental Market
Dublin, Nov. 23, 2022 (GLOBE NEWSWIRE) -- The "US Equipment Rental Market (Construction & Industrial, General Tools and Party & Event Equipment): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.
The U.S. equipment rental market is expected to record a value of US$68.52 billion in 2026, growing at a CAGR of 5.47%, for the time period of 2022-2026. The factors such as rise in party & event planning, growth in oil & gas production, rising employment and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by tracking equipment utilization, processing equipment return and balancing portfolio and cash flow. A few notable trends may be include rising use of management software, continuous technological advancements and growth in government projects.
The U.S. equipment rental market is growing due to the expansion of the construction industry. There is a substantial growth in the number of rental service consumers as contractors and dealers are opting for rentals to reduce the size of their fleet and lower the complexity in organizations that may otherwise affect activities, namely, asset disposals, logistics, maintenance, and procurement. As there are growing number of infrastructure projects the adoption rate of rental services is rising, which is accelerating the growth of the equipment rental market in the U.S.
Market Dynamics
Growth Drivers
Rise in Party and Event Planning
Growth in Oil and Gas Production
Rising Employment
Rapid Urbanization
Key Trends
Increasing Rental Penetration Rate
Rising Use of Management Software
Continuous Technological Advancements
Growth in Government Projects
Challenges
Tracking Equipment Utilization
Processing Equipment Returns
Balancing Portfolio And Cash Flow
Scope of the report
The report provides a comprehensive analysis of the U.S. equipment rental market
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (The Home Depot, United Rentals, Ashtead Group (Sunbelt Rentals), Herc Holdings, H&E Equipment Services and BrandSafway) are also presented in detail.
Key Target Audience
Equipment Rental Companies
Tools and Equipment Manufacturers
Raw Material Suppliers
Investment Banks
Government Bodies & Regulating Authorities
Key Topics Covered:
1. Market Overview
2. Impact of COVID-19
3. The U.S. Market Analysis
4. Market Dynamics
5. Competitive Landscape
6. Company Profiles
Companies Mentioned
The Home Depot
United Rentals
Ashtead Group (Sunbelt Rentals)
Herc Holdings
H&E Equipment Services
BrandSafway
For more information about this report visit https://www.researchandmarkets.com/r/7ct1jn
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