Southern Africa Construction Equipment Rental Market Size By Product (Earthmoving & Road Building Equipment [Backhoes, Excavators, Loaders, Compaction Equipment, Others], Material Handling & Cranes [Storage & Handling Equipment, Engineered Systems, Industrial Trucks, Bulk Material Handling Equipment], Concrete Equipment [Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, Batching Plants]),
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSouthern Africa Construction Equipment Rental Market Size By Product (Earthmoving & Road Building Equipment [Backhoes, Excavators, Loaders, Compaction Equipment, Others], Material Handling & Cranes [Storage & Handling Equipment, Engineered Systems, Industrial Trucks, Bulk Material Handling Equipment], Concrete Equipment [Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, Batching Plants]),
Southern Africa Construction Equipment Rental Market Size By Product (Earthmoving & Road Building Equipment [Backhoes, Excavators, Loaders, Compaction Equipment, Others], Material Handling & Cranes [Storage & Handling Equipment, Engineered Systems, Industrial Trucks, Bulk Material Handling Equipment], Concrete Equipment [Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, Batching Plants]),
Southern Africa Construction Equipment Rental Market Size
Southern Africa Construction Equipment Rental Market size was valued at around USD 3 billion in 2017 and will grow at CAGR of over 3% from 2018 to 2024.
To get key market trends
More and more construction companies are choosing to rent heavy machinery instead of buying it. This smart move is helping businesses of all sizes in Southern Africa save money and grow their operations. Industries like transportation, mining, and oil & gas are leading the way, with massive investments in construction projects. To keep costs down, companies are turning to rentals to avoid the hefty cost of buying and maintaining heavy equipment. This approach not only lowers project costs but also reduces expenses on maintenance, repairs, and transportation. The result? A booming construction equipment rental market in Southern Africa that's helping businesses succeed and drive economic growth.
As cities keep growing, especially in developing countries like Zambia, Mozambique, Namibia, and Zimbabwe, the need for construction equipment is skyrocketing. The rising population and the increasing demand for homes are driving the construction industry, which in turn is boosting the demand for earthmoving and road building equipment like backhoes, excavators, loaders, and compactors. These machines are essential not just for construction but also for farming-market' target='_blank'>farming and other industries, which is why the construction equipment rental market in Southern Africa is expected to reach over USD 2.4 billion by 2024.
| Report Attribute | Details |
|---|---|
| Base Year | 2017 |
| Southern Africa Construction Equipment Rental Market Size in 2017 | 3 Billion (USD) |
| Forecast Period | 2018 to 2024 |
| Forecast Period 2018 to 2024 CAGR | 3% |
| 2024 Value Projection | 3.5 Billion (USD) |
| Historical Data for | 2013 to 2017 |
| No. of Pages | 207 |
| Tables, Charts & Figures | 216 |
| Segments covered | Product and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Southern Africa Construction Equipment Rental Market Analysis
Renting heavy construction equipment like bulldozers and cranes can be a smart move for companies instead of buying them outright. It's like renting a car instead of buying one. This has been a great way for businesses in Southern Africa to get the equipment they need without breaking the bank, and it's making the rental market in the region grow fast. There's a lot of construction happening in Southern Africa right now, and this is creating big opportunities for rental companies. Businesses need the latest and greatest equipment to keep up with all the work, and renting is a great way to swap out old machines for new ones. Plus, new laws and regulations are making it easier for businesses to rent equipment, which is convincing more people to try it out. The market for renting equipment to move stuff around is booming, and it's expected to keep growing steadily over the next few years.
Hey there! There's a shift happening in the construction world. New machines are being built with eco-friendly features and need less maintenance, making them a great option instead of the old-fashioned ones. But hold up! Buying these new machines can put a strain on construction companies because they have to pay a lot upfront. This money could be used for other important things like paying workers or buying materials. Plus, buying machines comes with extra costs like insurance, storage, and taxes. Renting equipment is a smart way to save money. You don't have to deal with the hassles and costs of owning a machine. Plus, many rental companies in Southern Africa are constantly updating their fleets, so you'll always have access to the latest and greatest equipment. This makes it easier for construction companies to follow the rules and standards for building. All these factors are making more and more construction companies in Southern Africa choose to rent their equipment, which is why the rental market is growing so fast.
The construction industry in Southern Africa is on the rise, and the market for renting construction equipment is growing along with it. This growth is being driven by several factors. One is the increasing number of new infrastructure projects being planned and built. Governments and development agencies are investing heavily in roads, bridges, schools, and other public works projects. Another factor is the growing demand for natural resources, such as minerals and coal. This is leading to increased mining activity, which in turn is driving up the demand for construction equipment. In addition, foreign companies are investing heavily in Southern Africa, particularly from China. This investment is helping to fund new construction projects and is also providing a boost to the local economy. Finally, the overall economy in Southern Africa is growing steadily, which is creating a need for better infrastructure. This is leading to increased investment in construction projects, which is in turn driving up the demand for construction equipment rentals.
The construction industry in Southern Africa is getting a boost from big investments in infrastructure and transportation. In South Africa, for example, government plans like the National Development Plan (NDP) are making businesses rent more equipment. They're looking for the latest and greatest machines to help them get the job done faster and better. This is especially true in up-and-coming countries like South Africa, where the government wants to make the industrial sector more modern. They know that with better equipment, businesses can produce more and make more money. Things are also looking up in Southern Africa because of all the natural gas and oil that's been found lately. This means countries won't have to buy as much from other countries, which will save them money and make the economy grow. And when the economy grows, so does the demand for construction machinery rentals. Not only that, but lots of developing countries in Southern Africa are working on building smart cities and making their cities more modern. All of this means more opportunities for construction companies and more demand for rental equipment.
Southern Africa Construction Equipment Rental Market Share
Major players operating in the Southern Africa construction equipment rental market include
- Adima Hire
- Alistair Group
- Altec
- Anglo V3 Crane Hire
- Atlas Crane Hire
- Babcock International
- Barloworld
- Coastal Hire
- enX Equipment
- Goscor Group
Several vendors are focusing on developing innovative product portfolios and launching effective partnership for industries such as construction, transportation, and oil & gas. The vendors in the industry are facing intense rivalry based on quality, service and brand they provide. Companies are using advanced control technology, and telematics to attract more end-users or clients. Rise in urbanization has prompted the regional government administrations to focus on modernizing and revamping the legacy buildings which is adding the Southern Africa construction equipment rental market growth.
Southern Africa Construction Equipment Rental Industry Background
The construction equipment rental scene in Southern Africa is a bustling battlefield with companies of all sizes fighting tooth and nail for a piece of the pie. Competition is fierce, with companies vying for contracts by offering the lowest rental prices, as customers are always on the lookout for a bargain. To stay ahead, the big players in the game are teaming up and forming alliances. But even with these partnerships, the game remains unpredictable because customers can easily switch from one company to another, making competition even more intense. Companies are also ramping up their tech game, adding automation and other fancy features to their equipment. This is not just for show, as safety and productivity are becoming increasingly important for cranes and earthmovers. And let's not forget about Mother Earth. Companies are going green with energy-efficient products like electric cranes, which are becoming increasingly popular as customers look for ways to cut costs and reduce their carbon footprint.
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.1.4.1 Definitions
1.1.4.2 Methodology and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Southern Africa construction equipment rental industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
Chapter 3 Southern Africa Construction Equipment Rental Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.2.1 Used construction equipment landscape
3.2.1.1 Used construction equipment market size, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Pros and cons – rent vs purchase of construction equipment
3.3.2 Cost calculator – rent vs purchase of construction equipment
3.3.3 Vendor matrix
3.4 Technological and innovation landscape
3.5 Regulatory landscape
3.5.1 ISO standards
3.5.1.1 ISO 4310
3.5.1.2 ISO 8686
3.5.1.3 ISO 10245-12008
3.5.1.4 ISO 12480-1
3.5.1.5 ISO 23815-1
3.5.1.6 ISO 12482
3.5.1.7 ISO 23814
3.5.1.8 ISO 194322012
3.5.2 OSHA 29 CFR 1926.21
3.5.3 South Africa
3.5.3.1 Occupational Health & Safety Act, 1993
3.5.3.2 Driven machinery regulations, 2011
3.5.4 Botswana
3.5.4.1 Botswana SIIR
3.5.5 Namibia
3.5.5.1 NSI
3.5.6 Mozambique
3.5.6.1 PSI (Pre-shipment inspection)
3.5.7 Zambia
3.5.7.1 ZABS (ZS 385)
3.5.8 Zimbabwe
3.5.8.1 Factories and Works Act
3.5.9 Angola
3.5.9.1 Presidential Legislative Decree 7/11
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 High initial costs of construction equipment
3.6.1.2 Implementation of advanced technologies in construction equipment
3.6.1.3 Growing construction industry in South Africa
3.6.1.4 Rapid urbanization in Mozambique and Zambia
3.6.1.5 Growth in the mining industry in Angola, Botswana and South Africa
3.6.2 Industry pitfalls and challenges
3.6.2.1 Cyclic instability of application industries
3.6.2.2 Lack of skilled and qualified operators
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Competitive landscape, 2017
3.10 PESTEL analysis
Chapter 4 Southern Africa Construction Equipment Rental Market, By Product
4.1 Southern Africa construction equipment rental market share, by product, 2017 & 2024
4.2 Earthmoving & road building equipment
4.2.1 Market estimates and forecast, 2013 – 2024
4.2.2 Market estimates and forecast, by region, 2013 - 2024
4.2.3 Backhoe
4.2.3.1 Market estimates and forecast, 2013 – 2024
4.2.3.2 Market estimates and forecast, by region, 2013 - 2024
4.2.4 Excavator
4.2.4.1 Market estimates and forecast, 2013 – 2024
4.2.4.2 Market estimates and forecast, by region, 2013 - 2024
4.2.5 Loader
4.2.5.1 Market estimates and forecast, 2013 – 2024
4.2.5.2 Market estimates and forecast, by region, 2013 - 2024
4.2.6 Compaction equipment
4.2.6.1 Market estimates and forecast, 2013 – 2024
4.2.6.2 Market estimates and forecast, by region, 2013 - 2024
4.2.7 Others
4.2.7.1 Market estimates and forecast, 2013 – 2024
4.2.7.2 Market estimates and forecast, by region, 2013 - 2024
4.3 Material handling & cranes
4.3.1 Market estimates and forecast, 2013 – 2024
4.3.2 Market estimates and forecast, by region, 2013 - 2024
4.3.3 Storage & handling equipment
4.3.3.1 Market estimates and forecast, 2013 – 2024
4.3.3.2 Market estimates and forecast, by region, 2013 - 2024
4.3.4 Engineered systems
4.3.4.1 Market estimates and forecast, 2013 – 2024
4.3.4.2 Market estimates and forecast, by region, 2013 - 2024
4.3.5 Industrial trucks
4.3.5.1 Market estimates and forecast, 2013 – 2024
4.3.5.2 Market estimates and forecast, by region, 2013 - 2024
4.3.6 Bulk material handling equipment
4.3.6.1 Market estimates and forecast, 2013 – 2024
4.3.6.2 Market estimates and forecast, by region, 2013 - 2024
4.4 Concrete equipment
4.4.1 Market estimates and forecast, 2013 – 2024
4.4.2 Market estimates and forecast, by region, 2013 - 2024
4.4.3 Concrete pump
4.4.3.1 Market estimates and forecast, 2013 – 2024
4.4.3.2 Market estimates and forecast, by region, 2013 - 2024
4.4.4 Crusher
4.4.4.1 Market estimates and forecast, 2013 – 2024
4.4.4.2 Market estimates and forecast, by region, 2013 - 2024
4.4.5 Transit mixer
4.4.5.1 Market estimates and forecast, 2013 – 2024
4.4.5.2 Market estimates and forecast, by region, 2013 - 2024
4.4.6 Asphalt paver
4.4.6.1 Market estimates and forecast, 2013 – 2024
4.4.6.2 Market estimates and forecast, by region, 2013 - 2024
4.4.7 Batching plant
4.4.7.1 Market estimates and forecast, 2013 – 2024
4.4.7.2 Market estimates and forecast, by region, 2013 - 2024
Chapter 5 Southern Africa Construction Equipment Rental Market, By Region
5.1 Southern Africa construction equipment rental market share by region, 2017 & 2024
5.2 South Africa
5.2.1 Market estimates and forecast, 2013 – 2024
5.2.2 Market estimates & forecast, by product, 2013 – 2024
5.3 Botswana
5.3.1 Market estimates and forecast, 2013 – 2024
5.3.2 Market estimates & forecast, by product, 2013 – 2024
5.4 Namibia
5.4.1 Market estimates and forecast, 2013 – 2024
5.4.2 Market estimates & forecast, by product, 2013 – 2024
5.5 Mozambique
5.5.1 Market estimates and forecast, 2013 – 2024
5.5.2 Market estimates & forecast, by product, 2013 – 2024
5.6 Zambia
5.6.1 Market estimates and forecast, 2013 – 2024
5.6.2 Market estimates & forecast, by product, 2013 – 2024
5.7 Zimbabwe
5.7.1 Market estimates and forecast, 2013 – 2024
5.7.2 Market estimates & forecast, by product, 2013 – 2024
5.8 Angola
5.8.1 Market estimates and forecast, 2013 – 2024
5.8.2 Market estimates & forecast, by product, 2013 – 2024
Chapter 6 Rental Company Profiles
6.1 Adima Hire
6.1.1 Business Overview
6.1.2 Financial Data
6.1.3 Product Landscape
6.1.4 SWOT Analysis
6.2 Alistair Group
6.2.1 Business Overview
6.2.2 Financial Data
6.2.3 Product Landscape
6.2.4 Strategic Outlook
6.2.5 SWOT Analysis
6.3 Altec, Inc.
6.3.1 Business Overview
6.3.2 Financial Data
6.3.3 Product Landscape
6.3.4 Strategic Outlook
6.3.5 SWOT Analysis
6.4 Anglo V3 Crane Hire
6.4.1 Business Overview
6.4.2 Financial Data
6.4.3 Product Landscape
6.4.4 SWOT Analysis
6.5 Atlas Crane Hire
6.5.1 Business Overview
6.5.2 Financial Data
6.5.3 Product Landscape
6.5.4 SWOT Analysis
6.6 Babcock International Group PLC
6.6.1 Business Overview
6.6.2 Financial Data
6.6.3 Product Landscape
6.6.4 Strategic Outlook
6.6.5 SWOT Analysis
6.7 Barloworld Limited
6.7.1 Business Overview
6.7.2 Financial Data
6.7.3 Product Landscape
6.7.4 Strategic Outlook
6.7.5 SWOT Analysis
6.8 Coastal Hire
6.8.1 Business Overview
6.8.2 Financial Data
6.8.3 Product Landscape
6.8.4 Strategic Outlook
6.8.5 SWOT Analysis
6.9 enX Group
6.9.1 Business Overview
6.9.2 Financial Data
6.9.3 Product Landscape
6.9.4 Strategic Outlook
6.9.5 SWOT Analysis
6.10 Goscor Group
6.10.1 Business Overview
6.10.2 Financial Data
6.10.3 Product Landscape
6.10.4 Strategic Outlook
6.10.5 SWOT Analysis
6.11 Torre Holdings (Pty) Ltd.
6.11.1 Business Overview
6.11.2 Financial Data
6.11.3 Product Landscape
6.11.4 Strategic Outlook
6.11.5 SWOT Analysis
Chapter 7 Manufacturer/Supplier Company Profiles
7.1 American Equipment Company (AMECO)
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 SWOT Analysis
7.2 Deere & Company
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.2.5 SWOT Analysis
7.3 Doosan Corporation
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook
7.3.5 SWOT Analysis
7.4 Finning International Inc.
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.4.5 SWOT Analysis
7.5 Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.5.5 SWOT Analysis
7.6 Industrial Supplies Development Co. Ltd.
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 SWOT Analysis
7.7 J C Bamford Excavators Ltd. (JCB)
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.7.5 SWOT Analysis
7.8 Komatsu Ltd.
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.8.5 SWOT Analysis
7.9 Liebherr Group
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.9.5 SWOT Analysis
7.10 Loxam Group
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.10.5 SWOT Analysis
7.11 Sany Group
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
7.11.5 SWOT Analysis
7.12 Terex Corporation
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 Strategic Outlook
7.12.5 SWOT Analysis
7.13 Volvo Construction Equipment
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 Strategic Outlook
7.13.5 SWOT Analysis
7.14 Weldex (International) Offshore Ltd.
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 SWOT Analysis
- Adima Hire
- Alistair Group
- Altec
- Anglo V3 Crane Hire
- Atlas Crane Hire
- Babcock International
- Barloworld
- Coastal Hire
- enX Equipment
- Goscor Group
Related Reports
- Civil Engineering Market - By Service (Planning & Design, Construction Management, Maintenance, and Others [Consultancy,...
- Cranes Rental Market Size - By Product (Mobile Crane [Truck Loader Crane, Rough Terrain Crane, All Terrain Crane, Crawle...
- Structural Health Monitoring Market Size - By Offering (Hardware, Software, Service), By Type (Wired SHM Systems, Wirele...
- Fire Rated Glass Market Size - By Glass Type (Wired Glass, Ceramic Glass, Tempered Glass, Intumescent Glass, Laminated G...
- Fire Door Market Size - By Product Type (Hinged Fire Door, Double Action Fire Door, Sliding Fire Door, Fabric Fire Doors...
- Wooden Decking Market - By Wood Type (Pressure treated Wood, Redwood, Cedar, Tropical Hardwood, Wood-plastic Composites,...
Table of Content
Will be Available in the sample /Final Report. Please ask our sales Team.
List Tables Figures
Will be Available in the sample /Final Report. Please ask our sales Team.
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy