The Machinery Leasing by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Machinery Leasing, The machinery leasing market size has grown strongly in recent years. It will grow from $408.15 billion in 2023 to $444.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to strong economic growth, growth in the manufacturing industry, growing demand from the automobile industry and growing demand from the increasing construction activities.
The machinery leasing market size is expected to see strong growth in the next few years. It will grow to $619.73 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising healthcare expenditure, rising demand from agricultural industry, increasing number of drilling activities. Major trends in the forecast period include strategic partnerships and collaborations to grow in the market, introduction of innovative products to strengthen their position in the market, introducing digitization platforms, artificial intelligence and machine learning in the machinery leasing market machinery leasing market report, machinery leasing market research, machinery leasing market analysis, machinery leasing market segments, machinery leasing market outlook, machinery leasing market size, machinery leasing market demand, machinery leasing market share, machinery leasing market overview, machinery leasing market growth, machinery leasing market insights or improving the efficiency and productivity of the machinery, and focus on offering evs as the go-to option for environmentally conscious consumers who want to reduce their carbon footprint.
The emergence of start-ups as major clients of leasing service providers is expected to drive the growth of the machinery leasing market. Start-ups often face budget constraints and may not have the capital to purchase expensive machinery outright. Leasing allows them to access the machinery they need without a large upfront investment. This cost-efficiency is particularly attractive to start-ups looking to conserve capital for other critical expenses like research and development or marketing. For instance, according to Fortunly, a US-based news magazine, in 2022, there were 33.2 million startups in the US, which is a 700,000 rise compared to 2021.
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The machinery leasing market covered in this report 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 And Other Commercial And Industrial Machinery And Equipment Rental
2) By Mode: Online, Offline
3) By Leasing Type: Capital Lease, Operating Lease
Major companies operating in the machinery leasing market are innovating new technological solutions, such as ASPIRE Express to increase their profitability in the market. ASPIRE Express is a low-cost, entry-level servicing system that enables speedy booking and servicing of lease and loan contracts. For instance, in March 2022, LTi Technology Solutions, a US-based provider of lease, loan and asset finance software solutions, launched ASPIRE Express. It is a safe software-as-a-service (SaaS) option that gives companies a simple and cost-effective way to swiftly book and service lease and loan contracts with low entry costs. The platform is intended to make the equipment leasing and financing procedure for businesses simpler and has no cap on the number of contracts that may be executed.
The machinery leasing market report table of contents includes:
1. Executive Summary
2. Machinery Leasing Market Characteristics
3. Machinery Leasing Product/Service Analysis -Product/Service Examples
4. Machinery Leasing Market Trends And Strategies
5. Machinery Leasing Market - Macro Economic Scenario
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31. Belgium Machinery Leasing Market
32. Denmark Machinery Leasing Market
33. Finland Machinery Leasing Market
34. Ireland Machinery Leasing Market
35. Netherlands Machinery Leasing Market
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The high-end products mainly come from USA and Japan.A construction job mandates a large number of heavy machines.
New tools are emerging all the time, and leasing equipment means that contractors can utilize the latest products available without taking on extravagant costs.
When the lease is up, contractors can simply opt for the newest line of products available.The practice of leasing instead of purchasing heavy machinery has proven to be beneficial for companies of all sizes across numerous industries, Lower administrative overhead coupled with reduced expense and maintenance will drive construction equipment rental market size.
Asia and Europe are currently witnessing large-scale infrastructure development activities, which is raising demand for construction equipment.
Also, as most of the projects are undertaken with private investment money, where the utilization of equipment is limited to a short duration, contractors prefer to use equipment on a rental basis.Barriers to entry for the Construction Equipment Rental and Leasing industry are high, although they may be medium for some smaller, specialist firms.
Large firms in this industry require a substantial stock of construction machinery and equipment to offer customers.
The Business Research Company’s latest report Machinery Leasing Global Market Report 2020 covers Machinery Leasing market drivers, Machinery Leasing market trends, Machinery Leasing market segments, Machinery Leasing market growth rate, Machinery Leasing market major players, and Machinery Leasing market size.
The report provides in-depth analysis of the impact of COVID-19 on the Machinery Leasing industry, along with revised market numbers due to the effects of the coronavirus.View Complete Report: https://www.thebusinessresearchcompany.com/report/machinery-leasing-global-market-report-2020-30-covid-19-impact-and-recoveryMachinery Leasing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global machinery leasing market is expected to grow from $344.7 billion in 2019 to $346.4 billion in 2020 at a compound annual growth rate (CAGR) of 0.6%.
The low growth is mainly due to economic slowdown across countries o wing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $425.7 billion in 2023.Request for the sample now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2222=smpThe report covers the Machinery Leasing market’s segments- 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 Rental2) By Mode: Online, Offline.About The Business Research Company: The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research.
https://www.thebusinessresearchcompany.com/discounted-reports.aspxTheBusinessResearchCompany published its Machinery Leasing Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global Machinery Leasing market.
The report covers the machinery leasing market’s segments- heavy construction machinery rental, off-highway 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 rentalExplore Complete Report https://www.thebusinessresearchcompany.com/report/machinery-leasing-global-market-reportMachinery Leasing Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Get Discount On This Report https://www.thebusinessresearchcompany.com/sample.aspx?id=2222=discountFleet management software is increasingly being used by the machinery rental companies for vehicle and driver management.
Fleet management software provides information related to repair and accident tracking, vehicle tracking, equipment wear-out and maintenance forecasting, vehicle inventory management, and driver management and licensing as the major trends witnessed in the global machinery leasing market.Chapters from Table of Content:Chapter 1.
Primarily, many contractors want to be able to stay on the cutting edge of technology.
New tools are emerging all the time, and leasing equipment means that contractors can utilize the latest products available without taking on extravagant costs.
When the lease is up, contractors can simply opt for the newest line of products available.According to this study, over the next five years the Construction Machinery Leasing market will register a 8.3% CAGR in terms of revenue, the global market size will reach US$ 102500 million by 2024, from US$ 63600 million in 2019.
In particular, this report presents the global revenue market share of key companies in Construction Machinery Leasing business, shared in Chapter 3.This report presents a comprehensive overview, market shares and growth opportunities of Construction Machinery Leasing market by product type, application, key companies and key regions.Ask for PDF Sample Copy: https://www.orbisresearch.com/contacts/request-sample/2763800The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The Key Manufacturers covered in this report:United RentalsAshtead GroupAktio CorpKanamotoHertz Equipment RentalLoxam GroupBlueline RentAhern RentalsNishio RentAggrekoMaxim Crane WorksSCMCThis study considers the Construction Machinery Leasing value generated from the sales of the following segments:Segmentation by Product Type: Breakdown data from 2014 to 2019, and Forecast to 2024.Earth Moving EquipmentMaterial Handling and CranesRoad Building EquipmentSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.CommercialIndividualGet Reasonable Discount: https://www.orbisresearch.com/contacts/discount/2763800In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.The global Construction Machinery Leasing market has been segmented by region which includes the Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.
