Global Construction Equipment Rental Services Market Size, Status and Forecast 2018-2025

Published - Dec 2018 | Category - ICT and Media | No. of Pages - 102 | Published By - Global QYResearch


Introduction

The global construction equipment rental services market is analyzed to expand from $120.06 Billion in 2018 to $180.10 Billion by 2026 and the market is projected to showcase 5.2% CAGR during the forecast period 2018-2026. The construction industry worldwide is expected to witness terrific growth in the near future, with promising opportunities across residential, infrastructure, and non-residential sectors.

Market Dynamics

The global construction equipment rental services market is driven by a number of factors that include rising construction of multi-family houses (owing to rapidly increasing nuclear families); and exponential rising investments in the construction of smart cities, roads, metros, highways, expressways, and bridges, on account of growing urbanization and population. The Asia-Pacific region is analyzed to be one of the major markets boosting the global construction industry, with ever-rising construction activities across its countries like China, India and ASEAN countries (that include Vietnam, Thailand, Singapore, and others). The Indian construction sector is expected to outpace China’s industry at twice the rate until 2030, owing to significant investments in the infrastructure sector coupled with numerous strategic initiatives promoted by the government. On the other hand, in China, the construction industry is expected to slow down, with a slump in the housing sector and a recent decline in housing output in the country.


 

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