The global construction equipment rental market will grow at a compound annual growth rate of more than 7 percent by 2019, according to a report by reportsnreports.com. Rapid growth of the construction industry will be a factor, the report said, as well as an increase in infrastructure development.
Analysts estimate factors such as the rising need to replace outdated equipment will drive prospects in the global rental market. The analysts also cite growing involvement on the part of manufacturers renting directly will spur the market.
Sectors such as housing, transport and power and energy infrastructure will attract large-scale investment, the report says. Fleet management software service from leading OEMs will be a factor as well. The European rental industry will account for a market share of more than 40 percent, the report says, with robust growth in Poland, Spain, Germany and France.
The report can be ordered at: http://www.reportsnreports.com/reports/453086-global-construction-equipment-rental-market-2015-2019.html.
