The global machinery leasing market is expected to grow from $316.22 billion in 2020 to $342.66 billion in 2021 at a compound annual growth rate (CAGR) of 8.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $454.78 billion in 2025 at a CAGR of 7%.
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The machinery rental market consists of sales of machinery rental services by entities (organizations, sole traders and partnerships) that rent out or lease commercial-type and industrial-type machinery and equipment. Establishments in this generally provide capital or investment-type equipment that clients use in their business operations. These establishments typically cater to a business clientele and do not generally operate a retail-like or storefront facility. The machinery rental market is segmented into heavy construction machinery rental; commercial air, rail, and water transportation equipment rental; mining, oil and gas, and forestry machinery and equipment rental; office machinery and equipment rental; and other commercial and industrial machinery and equipment rental.
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The machinery leasing market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the machinery leasing market are United Rental, Sunbelt Rental, Blueline Rental, H&E Equiment Services, Home Depot Rentals.
The global machinery leasing market is segmented –
1) By Type: Heavy Construction Machinery Rental, Commercial Air, Rail, and Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental, Other Commercial And Industrial Machinery And Equipment Rental
2) By Mode: Online, Offline
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The machinery leasing market report describes and explains the global machinery leasing market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The machinery leasing report evaluates the market across each region and for the major economies within each region.
The countries covered in the global machinery leasing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global machinery leasing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Machinery Leasing Market Characteristics
- Machinery Leasing Market Product Analysis
- Machinery Leasing Market Supply Chain
- Key Mergers And Acquisitions In The Machinery Leasing Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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