Summary

The number of people using rental services is rapidly increasing as contractors and dealers choose to rent instead of buy to reduce the size of their fleets and the complexity of their organizations, which could otherwise have an impact on operations like asset disposal, logistics, maintenance, and procurement. As infrastructure projects are performed, there is an increasing need for rental services, which is encouraging the growth of the equipment rental market in Argentina. Compact equipment, larger capacity machines, and models with further reaches are in high demand as a result of urbanization. Despite growing raw material costs, supply chain problems persist. Manufacturers, as well as everyone else involved in the rental sector ecosystem, are up against formidable obstacles.

According to the research report "Argentina Construction Equipment Rental Market Overview, 2028," published by Bonafide Research, the Argentina Construction Equipment Rental market is expected to add USD 0.18 Billion by 2028. Argentina has grown in the construction rental equipment market.Argentina is a highly urbanised country, and as people migrate from rural to urban areas in search of jobs and higher education, the demand for construction and redevelopment projects has increased.By integrating their own technological systems, the key players in the equipment industry hope to boost machine intelligence. Telematics technologies make it easy to locate and track the performance of construction vehicles and equipment. Among the information sent through the system are the GPS location, the quantity of fuel used, and the length of idle time. However, the cost of setting up this system prevents many small builders and contractors from using it. The issue has been resolved by the equipment rental company, which eliminated the overall cost and offered rental options. Due to the aforementioned factors, the market for construction equipment is growing even more across the nation.

The tools and other components are still difficult to obtain on time. Despite these problems, equipment rental companies nevertheless make an attempt to keep up with technological advancements that will benefit their business models. Aerial and material handling equipment demand has quickly recovered in the post-pandemic climate, which is undoubtedly attributed to the rise in residential construction. Because the construction industry is cyclical and the economy is unstable, renting construction equipment has a number of benefits. Contractors, construction companies, and businesses in other industries are considering renting.
The market for renting construction equipment is divided into three segments based on the type of equipment used: earth movement, material handling, and road building & concrete. Mobile and powered vehicles used to haul, dig, spread, or move earth or other materials are referred to as earth movement equipment. These machines, such as excavators, loaders, dozers, and motor graders, are often used to remove or move substantial quantities of earth, as well as to create landscapes and dig foundations. The amount of material to be moved, the type of soil currently present, and compaction considerations all play a significant role in the choice of earth moving equipment. Businesses who hire earth moving equipment now have a chance thanks to the rising infrastructure investments being made to upgrade public and private infrastructures. Due to its high cost and need for considerable capital investments for installation, earth moving equipment.

Covid 19 impact:
During the COVID period, the Argentina construction rental equipment market is not much affected; in year 2019 and 2020, the market is stagnant; there is no change in the market; it operates as usual for the construction rental equipment market. Following the pandemic, the construction rental equipment market has grown.

Considered in this report
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Argentina Construction Rental market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By equipment Type:
• Earthmoving
• Material handling
• Concrete and road construction

By Application Type:
• Residential
• Non residential
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Construction Rental industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.