France Construction Equipment Rental Market Research Report, 2028

New investors praised this one-of-a-kind value proposition in a construction equipment rental business that is booming but remains mostly non-digitized and is valued at more than 5 billion euros in France and 30 billion euros in Europe (and more than 70 billion euros in Europe within 10 years). In 2022, the French government will expand its investment in improving public transportation across the country. The government intends to invest USD 7 billion over the next ten years in the construction of 9,000 kilometres of railway line. Furthermore, USD 4.8 billion will be committed in 2022 for the maintenance and modernization of public transportation, such as metros and trams. The French Transport Minister planned to invest USD 170 million each year through 2024 in double-rail freight transport. A total of USD 4.7 billion has been set aside to enhance the railway network and reconstruct railway tracks. The government also intended to spend USD 290 million to build 130 kilometres of separate cycle paths in Paris. This will significantly expand the construction equipment rental sector. Bouygues Travaux Publics SAS, Liebherr-France SAS, Loxam SAS, Algeco GmbH, etc. are the major players in France for Construction equipment rental market. According to the research report, “France Construction Equipment Rental Market Research Report, 2028” published by Actual Market Research, the market is projected to add USD 0.91 Billion by 2028. Infrastructure improvement projects in rural areas of the country, such as the refurbishment of commercial buildings, railway stations, and airports, the repair of runways, and the extension of roadways and bridges, are fuelling the strong demand for the France construction equipment rental industry. Also, the rental business is experiencing increased demand as a result of rising equipment costs, increased economic insecurity, a cash crisis, technical advancements, and major infrastructural construction. Contractors prefer to hire construction equipment to control project costs, which have risen due to increases in labour and raw material prices. Rental companies are heavily investing in technologically innovative and environmentally friendly construction equipment in order to expand their fleet sizes and successfully meet their clients' increasing expectations. According to the World Bank, France has a population of 67.5 Million people, with 32.67 Million men and 34.83 Million women. The majority of the population, 41.46 Million people, is between the ages of 15 and 65. There are 54.67 Million urban residents and 12.83 Million rural residents. According to the World Bank, France's GDP in 2021 was USD 2.94 trillion, with an inflation rate of 1.6% and a per capita income of $ 43,518.5 (2021). France's construction industry is booming. There are almost 32 Million households in France. The French housing industry grew by 14.6% in 2021, and the industry is predicted to grow at a quick pace due to increased government investment in housing repair and reconstruction projects across the country. In 2021, the non-residential sector grew as a result of warehouse expansion spurred by e-commerce growth. In 2021, there will be a spike in housing repair projects around the country. According to housing data from France, more than 750,000 housing units will be repaired by 2021. In 2021, the government would spend USD 3.1 billion to rehabilitate 751,646 housing units. The government plans to invest more than USD 3 billion on restoring residential and commercial structures around the country by 2022. The French government launched the France Renov initiative in 2022, which gives financial assistance for house renovations. The French government provides financial assistance to people of all economic levels. In 2022, the government plans to rehab 800,000 housing units. The French government expands its expenditure on sporting facilities in preparation for the next Olympic Games in 2024. To stimulate sports, the government planned to invest USD 200 million in the construction of 5,000 new sports facilities by the commencement of the Olympic Games in Paris in 2024. The rise in the development of sports facilities is predicted to increase demand for construction equipment rental. The utilisation of demolition excavators in rebuilding and remodelling projects is increasing demand in the French market. For demolition, crawler excavators with excellent durability are used. Hitachi Construction Machinery sells crawler excavators developed specifically for demolition in Europe. On the French market, various internet portals and organisations like Via-Mobilis, Ritchie Bros., Equippo, and Truck1 offer used demolition equipment. On the French market, demolition excavators are primarily offered by Liebherr, Hitachi, and Kobelco. The increased number of redevelopment and remodelling projects around the country is likely to increase demand for these excavators. Covid-19 Impact: The spread of COVID-19 contributed to the decline of the France Construction Equipment rental sector as a result of disruptions in the supply chain and production discontinuity. Furthermore, construction site closures and event cancellations have serious consequences for the equipment rental industry, including the health and safety of rental company employees, the suspension or cancellation of rental contracts, the management and maintenance of machinery, and the ability to retain staff and pay salaries. Considered in this report • Geography: France • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • France Construction Equipment 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 & Road Construction • Others By Application type • Residential • Non-Residential • Others (Infrastructure, industrial, real estate, etc.) 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 listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing 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 conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Construction equipment 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.