Crane Rental Market Size & Share 2021-2026 | North America, – GlobeNewswire

Crane Rental Market Size & Share 2021-2026 | North America, – GlobeNewswire

Pune, Feb. 04, 2021 (GLOBE NEWSWIRE) —

The crane rental market is projected to record momentous gains during the forecast timeframe owing to changing preference of construction contractors towards rental equipment because of the high investments needed for purchasing new cranes. Crane rental companies also offer value-added services like repair and technical maintenance, as well as pick up & drop of the equipment, making renting equipment more convenient for contractors and augmenting market growth.

Rapid urbanization across Europe, North America, and Asia Pacific has led to a booming manufacturing and construction sector in these regions. The increasing influence of market players and industry associations is also likely to contribute towards product demand in the coming years. Today, rental operators are largely investing on technologically advanced and environmentally friendly cranes to grow their respective fleet sizes and effectively meet the increasing demands of their customers. This would likely shape the global business scape in the forthcoming years

Below are some key trends that would majorly influence crane rental market expansion through 2026:

Expanding telecommunication sector across North America

North America crane rental market is likely to witness tremendous growth over the analysis timeline. A major factor driving the growth of the market in the region is the ongoing expansion of telecommunication facilities. Countries such as Canada and the U.S. are increasingly investing towards the development of a strong telecommunication infrastructure, which is creating a substantial demand for cranes and crane rental services.

For example, in January 2020, the U.S. government, reportedly announced its plan to invest nearly $6 billion to develop 5G as well as other wireless technologies over the coming five years, providing the industry a lucrative growth opportunity. Additionally, the increasing trend of deploying technologically advanced cranes for the installation of network infrastructure is also expected to drive the regional market growth in the future.

Access sample pages of the report, “North America Crane Rental Market Size By Product (Mobile Crane [All-terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Loader Crane], Fixed Crane [Monorail Crane, Tower Crane, Stiffleg Crane, Gantry Crane]), Application (Construction & Mining, Manufacturing, Utility, Transportation, Oil & Gas), Regional Outlook (U.S., Canada), Competitive Market Share & Forecasts 2026” in detail along with the table of contents (ToC) @

https://www.graphicalresearch.com/request/1517/sample

Favorable growth conditions in the U.S.

The U.S. crane rental market is expected to grow at a high rate over the forthcoming time period. This anticipated growth is ascribed to low operating costs and higher flexibility offered by renting cranes, making it more feasible than owning a crane. Strict government regulations for incorporating safety guidelines in cranes and improving the working environment would further contribute towards market growth. Major companies like Haulotte are also focusing on expanding their presence in the U.S., further driving the growth of cranes rental market in the U.S.

Rapid industrialization across Canada

Canada crane rental market is likely to witness tremendous growth over the coming years owing …….

Source: https://www.globenewswire.com/news-release/2021/02/04/2169699/0/en/Crane-Rental-Market-Size-Share-2021-2026-North-America-Europe-APAC-Graphical-Research.html

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