The Global Machinery Leasing Market Report by The Business Research Company covers machinery leasing market drivers and restraints, machinery leasing market size, major players, and the impact of COVID-19 on the machinery leasing market.
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.
The emergence of start-ups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which are often highly priced, start-ups have started renting or leasing their equipment.
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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Some machinery leasing market trends include companies increasingly leasing 3D printing equipment for manufacturing purposes. The 3D printer is a computer-aided manufacturing device which creates three-dimensional objects by receiving digital data from a computer as input by building a three-dimensional model out of custom material. 3D printing is gaining popularity as manufacturers are becoming more familiar with industrial-grade 3D printers. Industrial grade 3D printers are capable of printing large products with high precision and with a wide range of materials. 3D printer leasing can reduce the overall reduction of cost of the manufacturer rather than buying.
Global machinery leasing market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global machinery leasing market share.
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The Machinery Leasing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides machinery leasing market overviews, analyzes and forecasts market size, share, machinery leasing market players, machinery leasing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The machinery leasing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Machinery Leasing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: United Rental, Sunbelt Rental, Blueline Rental, H&E Equiment Services, Home Depot Rentals.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Machinery Leasing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Machinery Leasing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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