Summary

Depending on the scope and method of the project, many types and sizes of construction equipment for rent are used. Since general contractors often own construction equipment systems, in Japan Sumitomo Corporation's construction equipment business first started as a trading company that supplied construction equipment made in Japan to users outside Japan. Sumitomo Corporation has taken part in the joint company's management and amassed a wealth of knowledge in the rental of construction equipment. The earthmoving, material handling, and concrete and road building segments of the construction equipment rental industry are separated based on the type of equipment used. During the projection period, the earthmoving segment is anticipated to dominate the rental market for construction equipment. This is because excavators are expensive and have a wide range of acceptance, mobility, and convenience of use, which makes renting an excavator a more practical choice.

According to the research report "Japan Construction Equipment Rental Market Overview, 2028," published by Bonafide Research, the Japan Construction Equipment Rental market is expected to add USD 3.42 Billion by 2028. The urban infrastructure of Japan is among the best in the world, but getting there wasn't easy. Japan's strategy for infrastructure developed in response to many stages, each of which emphasises the significance of striking a balance between economic growth and sustainability. In Japan, there are many construction and redevelopment projects that are undertaken, and they support the construction equipment rental market. The market for used construction equipment in Japan is dominated by the earthmoving sector. In the earthmoving sector, excavators had the biggest market share in 2022.

The third-place finisher among the top 10 largest equipment rental companies in the world for 2018 is a Japanese company, Aktio Corp. Kanamoto Co., Ltd., one of the top equipment rental firms in Japan, is ranked seventh among the top 10 largest equipment rental companies in the world. The corporation owns roughly 400,000 rental items, including hand tools and heavy gear, and operates more than 280 branches. There are four types of material handling equipment: storage and handling equipment, bulk handling equipment, industrial trucks, and engineered systems. Japan used various types of material handling equipment based on their needs.

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 and 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 earthmoving equipment. Businesses that hire earth moving equipment now have a chance thanks to the rising infrastructure investments being made to upgrade public and private infrastructures. Because of its high cost and the significant capital investment required for installation, earth moving equipment Rent for earth moving and material handling equipment is more expensive in Japan.

COVID-19 impact:
The COVID-19 pandemic has little effect on the Japanese construction equipment rental market in 2019 and 2020 because the growth of this rental equipment is stagnant due to the lockdown period and all construction projects closed for a short period. And in 2021, the market will be raised for construction equipment to rent to start the projects and for infrastructure to grow.

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

Aspects covered in this report
• Japan 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.