Norway is a modern, energy-rich country with a population of 5.4 million. It is considered one of the world's wealthiest countries. The construction rental equipment market is The amount of construction machinery and equipment rented in Nordic countries w…
In the South African construction industry, the use of rental services is prevalent. Over the last few years, there has been a steady increase in the rental model. Several organisations prefer to hire construction machinery in order to avoid the high cost…
Saudi Arabia dominates the market in Middle East & Africa region. Saudi Arabia's revenue is heavily reliant on the oil and gas industry. The government is attempting to diversify its income sources and minimise its reliance on the oil and gas industry by …
The UAE is a major global importer of oil and gas, accounting for roughly 30% of the country's gross domestic product. With a thriving oil and gas industry, the UAE's construction equipment rental market is expected to grow significantly. Elevators, conve…
Colombia's rise in the rankings is due to recent developments in its institutional growth, institutional stability, and infrastructure. Colombia's infrastructure is still in need of construction and project improvements. Compact equipment, larger capacity…
The number of people using rental services is rapidly increasing as contractors and dealers choose to rent instead of buy to reduce the size of their fleets and the complexity of their organizations, which could otherwise have an impact on operations like…
The third-largest economy in the Americas is Brazil, which has a diversified economy with intermediate income levels and is still developing. Brazil will have the 12th largest GDP and the 8th largest purchasing power parity in 2022, according to the Inter…
South Korea's economy has grown to be the world's eleventh-largest and the fifth-largest exporter of products and services. Being leaders in the field, several industries are engaged in offering their clients rental services for high-end earthmoving equip…
The market for construction equipment in Australia is robust. In Australia, the market for equipment rentals is growing as a result of the development of the construction industry. As contractors and dealers choose to rent instead of buy to reduce the siz…
India is the world's fastest-growing economy, and it is predicted to become the third-largest construction market by 2024. The infrastructure sector is a major economic driver in India. The sector is vital to India's overall growth, and the government pla…
Depending on the scope and method of the project, many types and sizes of construction equipment for rent are used. Since general contractors often own construction equipment systems, in Japan Sumitomo Corporation's construction equipment business first s…
Over the past few decades, China's economy has expanded to become one of the biggest and most powerful in the world. China's GDP, measured in terms of purchasing power parity (PPP) equivalent, is currently the greatest due to industrial production and exp…
Russian government's long-term plan for the home construction industry as well as investments in infrastructure projects is important factors supporting the country's economic revival. The heightened economic instability caused by invasion in Ukraine and …
Spain has a positive business environment, ranking 30th in the 2021 ease of doing business index. The country boasts an efficient administrative structure and appealing foreign policies. Government measures to relax foreign investment regulations in the b…
In Italy, the market is particularly dynamic, with a 54% increase in construction investment in the second quarter of 2020 compared to the same period last year. The work is also taking longer, ranging from 7 to 12 months on average and up to 20 months fo…
New investors praised this one-of-a-kind value proposition in a construction equipment rental business that is booming but remains mostly non-digitized and is valued at more than 5 billion euros in France and 30 billion euros in Europe (and more than 70 b…
The United Kingdom dominates the construction rental market in Europe. In terms of production units, the UK was the largest producer of construction equipment in Europe in 2018 and the fifth largest in the world, trailing only China, Japan, the United Sta…
According to ERA (Europe Rental Association) research, Germany is the second-largest construction equipment rental industry behind the United Kingdom. Renting compact equipment like mini excavators lifts, and telehandlers is becoming more popular in the G…
The Mexican economy is developing in a mixed manner, the Mexican market for construction equipment is strong, and the market for renting out equipment is growing in Mexico as a result of the growth of the construction industry. As contractors and dealers …
Canada has a highly developed mixed market economy. Along with a big real estate market, the nation also boasts a sizable banking sector with numerous banks and other financial organizations. Operators in the Canadian Heavy Equipment Rental sector rent or…