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Global Construction Equipment Market size surpassed USD 150 billion in 2021 and is estimated to expand at over 5% CAGR from 2022 to 2028. Rising commercial constructions, such as IT parks, shopping malls, and other government buildings, …
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Equipment rental, also known as plant hire, is a service industry that rents out machinery, equipment, and tools of various sizes and types (ranging from earthmoving to powered access, power generation to hand-held tools, and so on) to final users, primarily construction contractors but also industry and individual consumers, for a set period.
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Oct 12, 2022· The ARA also projects 5.5% growth in 2023, 2.5% in 2024, and 3.3% in 2025. Meanwhile, Market Data Centre (MDC) research shows that the total value of the construction equipment rental industry was $108.1 billion in 2021. MDC projects the industry to grow to $156.8 billion by 2030. From 2022 to 2027, MDC expects the …
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May 26, 2022· Construction Equipment Rental Market Size – USD 97.70 Billion in 2019, Market Growth – at a CAGR of 4.1%, Market Trend ... Construction Equipment Rental Market Size, Trends, Share, Research Report Study, Regional and Industry Analysis, Forecast to 2028 ... Shares, Opportunities, Industry Trends and Forecast to 2028. …
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ID: 5275193. The construction equipment rental market was valued at USD 118 billion in 2021, and it is expected to reach USD 180 billion by 2027 and is anticipated to register a CAGR of 5.16 % during the forecast period (2022 - 2027). The market was negatively impacted by COVID-19 in 2020, as construction activities were stopped during the ...
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Jun 18, 2019· Covered In This Global Construction Equipment Rental Market Report. The report covers the present ground scenario and the future growth prospects of the Construction Equipment Rental industry for 2017-2025 along with the market players' analysis. We calculated the market size and revenue share on the basis of revenue …
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The Construction Equipment Rental Market growth at a CAGR of 4.60% & expected USD 140.75 billion by 2029. It is categorized as equipment type, drive type, product type and application. ... Others), Application (Residential, Commercial, Industrial) – Industry Trends and Forecast to 2029 ...
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The global construction equipment rental market size reached US$ 102.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 144.82 Billion by 2027, exhibiting a growth rate (CAGR) of 5.80% during 2022-2027. Construction equipment rental refers to the practice of leasing heavy machinery for earthmoving, material ...
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Oct 12, 2022· Meanwhile, Market Data Centre (MDC) research shows that the total value of the construction equipment rental industry was $108.1 billion in 2021. MDC projects the industry to grow to $156.8 billion by 2030. From 2022 to 2027, MDC expects the industry to grow at a compound annual rate of 5.46%. Construction Equipment Rental Industry …
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Construction Equipment Rental Market Size And Forecast. Construction Equipment Rental Market size was valued at USD 93.90 Billion in 2020 and is projected to reach USD 135.57 Billion by 2028, growing at a CAGR of 4.25% from 2021 to 2028. The market for construction equipment rental is being driven by an increase in construction and …
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Current Trends. Strength in residential construction has bolstered the market, leading to a 8.9% increase in total U.S. construction spending for August 2021 over August 2020. ... which would surpass the equipment rental industry's previous revenue peak of approximately $51 billion in 2019. Data suggests construction and industrial services ...
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