Southern Africa Construction Equipment Rental Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024
Category: #world  By Partha Ray  Date: 2019-01-28
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Southern Africa Construction Equipment Rental Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024

Market Study Report: The Report entitled 2018-2024 Global Southern Africa Construction Equipment Rental Market Report explores the essential factors of the Southern Africa Construction Equipment Rental market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The Global Southern Africa Construction Equipment Rental market has been separated by this report based on the key players profiles, Type, Application and Regions.

 

Southern Africa Construction Equipment Rental Market is expected to reach a revenue of over USD 3.5 billion by 2024 can be attributed to rapid urbanization and increasing government initiatives. Emerging economies in the region such as Mozambique and Zambia have shown sustained economic growth in sectors including manufacturing over the past few years contributing towards the Southern Africa construction equipment rental market. The Government of Mozambique is investing in large scale infrastructure projects. For instance, in 2016, the government announced a new project, with Japan investing USD 255 million in renovation of ports and railway capacity to facilitate mineral resources exports in the growing economies.


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In addition, continued privatization, rise in health & safety regulation and growing labor is providing an impetus to the Southern Africa construction equipment rental market growth. The growing preference of renting these equipment in industry verticals such as mining, and transportation will provide growth opportunities to the rental companies in the Southern Africa Construction Equipment Rental Market.

 

High investment and maintenance costs for the equipment is a critical driving force for the Southern Africa construction equipment rental market growth. The cost of material handling equipment is relatively high, that restricts manufacturers, businesses, and OEMs from implementing and procuring high-end automated systems. Rental companies are seizing the opportunity and are procuring high-end equipment to rent or lease them to SMBs.

 

The practice of renting construction equipment instead of purchasing is proving to be beneficial for SMBs and large enterprises across several industries, leading to robust Southern Africa construction equipment rental market growth. Major growth is being witnessed in sectors such as transportation, and oil & gas, which have large scale investments. With such high level of investments, several construction companies are preferring to lease or rent heavy equipment, which will help them lower project costs. This approach is assisting construction companies to save maintenance costs and incur lesser technical charges. The reduced transportation, operation and maintenance requirements are also major driving forces for the industry revenue.


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The development of advanced construction equipment with eco-friendly features and low maintenance will provide an alternative to legacy machinery in the coming years, thereby driving the Southern Africa construction equipment rental market. Purchasing machinery requires heavy down payments which avert a huge capital from key operating expenses and add extra expenditure in the form of insurance, licensing, interest on loan amount, storage cost, and tax, among others. By renting the equipment, companies are able to avoid the costs associated with inflation and depreciation, which would otherwise be factored in during replacement. Rental companies upgrade their equipment fleets on a regular basis, thereby providing access to advanced and new equipment and making it easier for the leasing party to act in accordance with the international and regional rules and standards.

 

The major companies operating in the Southern Africa construction equipment rental market include Altec Inc., Atlas Crane Hire, Babcock International Group PLC, Barloworld, Kanu Equipment and Kemach Equipment among others. Rental companies are appointing experts to ensure that all services provided are of superior quality to facilitate service excellence, precision, and customer retention & satisfaction.


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 360 degree 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 10245-1:2008

 

 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 19432:2012

 

 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

 


Complete report titled at https://www.marketstudyreport.com/reports/southern-africa-construction-equipment-rental-market

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About Author

Partha Ray

Email: [email protected]   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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