Construction Equipment Rental Market Regional Analysis:
APAC Market Insights
Asia Pacific region is likely to hold over 43.6% market share by 2035, fueled by large-scale infrastructure investments in dams, airports, highways, and special economic zones, boosting construction equipment demand. Further, a substantial portion of this sum is to be spent on the region's new greenfield airports. This initiative mainly intend to improve the overall economy of the region by boosting trade and connectivity. However, these extensive initiatives are expected to attract the leaders in the construction equipment rental business to set up their company or invest in the expansion of their company to this region, thus leading to regional market growth.
North American Market Insights
North America is another region that should exhibit remarkable growth in the construction equipment rental market by 2035. One of the major reasons for the growth of the regional market growth is the extensive construction activities that are undertaken by Canada. The number of immigrants to Canada has increased considerably in recent years. The increase in the number of immigrants is attracting significant investment from the regional government for the development of construction infrastructure to address the changing demands of both the immigrants and the citizens. Further, emphasis is being laid on the use of specialized equipment to optimize the mining and construction activities in the region, and this is expected to create opportunities for market growth.
Europe Market Insights
Europe is also expected to hold a significant share of the global market by the end of 2035. The demand for residential buildings in Europe region is climbing. The climbing demand is, in turn, helping the recovery of the construction industry in the region. Further, many initiatives are being undertaken by the regional governments to improve the infrastructure. All these are encouraging businesses in the construction industry to enter into partnerships with service enterprises in consulting firms, design, and equipment rental. Such partnerships should contribute to the growth of the regional market for construction equipment rental during the forecast period considerably.
