Compact Power Equipment Rental Industry Research, Segmentation, Key Players Analysis & Forecast 2022 to 2032

0
1K

The global compact power equipment rental market is expected to be valued at US$ 204,453.2 Mn in 2032, with sales increasing at a healthy CAGR of 6.7% from 2022 to 2032. The compact power equipment rental market is expected to reach an estimated US$ 107,234.1 Mn in 2022, owing to the widespread use of compact power equipment in the expanding construction sector.

Compact power equipment is essentially tools required for lighter construction jobs. They are simple to use and transport, as well as lightweight and compact. Drilling, hammering, cutting, grinding, washing, and other similar tasks are performed with these tools. The growing number of construction, building, and infrastructure projects is expected to drive compact power equipment rental market growth in the coming years. The market is also being propelled by rising demand for electric tools, particularly in developing countries.

Accelerated demand for project completion and surging infrastructure activities will boost market opportunities for compact power equipment rental. The target market in the construction and infrastructure sector has enormous demand and growth potential in developing regions such as Asia. Companies in these sectors frequently rent machinery from power tool companies because they are unable to invest in power equipment. As a result, there are numerous opportunities for the compact power equipment rental market in these regions over the forecast period.

Get a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-116

Apart from the positive market prospects, the compact power equipment rental market will likely face certain challenges. Factors that might hinder the target market's growth are constant maintenance requirements and high equipment costs. Additionally, consumers who rent equipment from companies often damage the tools, which is a significant issue for the power tool rental market.

 "Rising demand for electric tools in developing countries coupled with increasing construction activities all over the world are likely to augment the global growth of compact power equipment rental market over the forecast period," says an FMI analyst. 

Key Takeaways:

  • A surging demand for swift project completion is expected to boost market growth. 
  • High equipment costs and constant maintenance may hinder market prospects.
  • Asia Pacific is expected to present multiple lucrative opportunities for the market.
  • In 2022, the Europe compact power equipment rental market is predicted to account for 27.2% of the global market share.
  • North America compact power equipment rental market is projected to account for 23.7% of the global market share.

Competitive Landscape 

Makita Corporation, Bosch, Stanley Black & Decker, Hilti Group, Panasonic Corporation, Emerson Electric Company, Snap-on Inc., and Techtronic Industries among others are some of the principal players in the compact power equipment rental market that are profiled in the full version of the report.

Major market players are focusing on product development and new product launches. These organizations are also engaged in collaborations, partnerships, mergers, and acquisitions so as to improve their sales and maintain a competitive advantage.

More Insights into the Compact Power Equipment Rental Market Report

In its latest report, FMI offers an unbiased analysis of the global compact power equipment rental market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type (compact electric power tools rental, compact engine-driven power tools rental, compact pneumatic power tools rental), and region.

According to the latest FMI reports, based on region, the Asia Pacific region is likely to present impressive growth over the forecast period. IndiaJapan, and China are countries that propel the growth of compact power equipment rental market in this region. Escalating building, construction and infrastructure activities in the Asia Pacific region are accountable for the regional growth over the period of observation.

In Europe, the compact power equipment rental market is predicted to undergo substantial growth from 2022 to 2032. In 2022, the region is anticipated to acquire a 27.2% market share of the global compact power equipment rental market. Ongoing development activities in countries like SpainItalySwitzerlandthe Netherlands, the U.K., and many others is driving the market growth in this region.

North America will likely account for 23.7% of the global compact power equipment rental market share. Shifting preference of multiple organizations for renting compact equipment is expected to propel the market growth in this region. Increasing construction projects in Canada also support this growth over the forecast period.

Get a Full Information on this Report @
https://www.futuremarketinsights.com/reports/global-compact-power-equipment-rental-market

Key Segments Profiled In The Compact Power Equipment Rental Market Report

Compact Power Equipment Rental by Type:

Compact Electric Power Tools Rental

Compact Engine-driven Power Tools Rental

Compact Pneumatic Power Tools Rental

Compact Power Equipment Rental by Region:

Compact Power Equipment Rental in North America

Compact Power Equipment Rental in Latin America

Compact Power Equipment Rental in Europe

Compact Power Equipment Rental in Asia Pacific

Compact Power Equipment Rental in Middle East and Africa

 

Search
Sponsored
Categories
Read More
Art
ITIL-4-Transition덤프문제 & ITIL ITIL-4-Transition덤프공부문제 - ITIL-4-Transition최고품질인증시험기출문제
네트웨크시대인 지금 인터넷에 검색하면 수많은ITIL인증 ITIL-4-Transition시험공부자료가 검색되는데 그중에서도Itcertkr에서 출시한 ITIL인증...
By Qqeesffg Qqeesffg 2022-12-03 02:05:26 0 1K
Shopping
MLB All-Star Game 2015 Voting totals for National
Marlins slugger Giancarlo Stanton Jeff Locke Jersey has moved to second place among National...
By John Short 2022-08-28 12:36:28 0 2K
Networking
Biometrics in Government Market Poised to Expand at a Robust Pace Over 2030
Biometrics Government Market The widespread proliferation of biometric technology is estimated...
By Snehal Kale 2022-12-22 06:49:15 0 1K
Other
Top 10 Laravel Development Companies in June 2021 (Updated)
Laravel development is rapidly growing in the market. Laravel is an open-source framework that...
By Hirelaravel Developers 2021-06-11 13:56:03 0 3K
Art
SUSE SCA_SLES15 Übungsmaterialien - SCA_SLES15 Prüfung, SCA_SLES15 Schulungsangebot
SUSE SCA_SLES15 Übungsmaterialien Jahrhundert müssen die Menschen ihre Kenntnisse...
By 7x1vxqr5 7x1vxqr5 2023-02-07 02:51:58 0 1K