Global Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Equipment rental is a service industry that provides machinery, tools, and equipment to end-users such as the construction, mining, power, and oil and gas industries on a rental basis. A rental agreement signed before the transaction specifies the rental amount, security deposit, delivery date, late return fees, duration of the rental period, and location. Renting equipment has several benefits such as it avoids the initial purchase cost and requires less maintenance and repair cost.
The Global Equipment Rental Market to grow at a CAGR of 3.26% during the period 2017-2021.
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About this report
The report covers the present scenario and the growth prospects of the global equipment rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Key vendors
- Atlas Copco
- Caterpillar
- Hertz Equipment Rental
- Sunbelt Rentals
Other prominent vendors
- Aggreko
- AKTIO Corporation
- Ashtead Group
- BlueLine Rental
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Market driver
- Advantages of renting equipment for short-term projects
- For a full, detailed list, view our report
Market challenge
- Environmental impact due to end-user industries
- For a full, detailed list, view our report
Market trend
- Rental equipment monitoring
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
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