Frequently Asked Questions
The COVID-19 pandemic impacted the construction equipment rental industry’s demand. The pandemic caused a global shutdown and supply chain disruption, affecting the construction, manufacturing, and mining industries.
Asia Pacific had the highest global construction equipment rental market revenue share in 2022.
The growing demand for heavy machinery in the construction industry, increased access to advanced and updated technology, ease of maintenance, and improved customer service are key factors driving revenue growth in the global construction equipment rental market.
The earthmoving segment had a major global market share in 2022.
The crane segment had a major share in the global market.