Full Service Long-term Material Handling Equipment Rental Market in Europe During 2021-2025 | Industry Planning Structure | Technavio

LONDON--(BUSINESS WIRE)--The new full-service long-term material handling equipment rental market in Europe research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

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"One of the primary growth drivers for this market is the high initial investment and maintenance cost,” says a senior analyst for the industrials industry at Technavio. The market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the full-service long-term material handling equipment rental market in Europe size to grow by USD 802.11 million during the period 2021-2025.

Full Service Long-term Material Handling Equipment Rental Market in Europe Segment Highlights for 2020

• The full service long-term material handling equipment rental market in Europe is expected to post a year-over-year growth rate of 14.86%.
• Based on the end-user, the construction segment saw maximum growth in 2020.
• The high initial investment and maintenance costs are one of the key factors driving the full-service long-term material handling equipment rental market growth in Europe.
• The growth of the market segment will be significant during the forecast period.

Regional Analysis

• 57% of the growth will originate from the Rest of Europe region.
• The growing demand from the non-construction sector will facilitate the full-service long-term material handling equipment rental market growth in the rest of Europe over the forecast period.

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Notes:

• The full service long-term material handling equipment rental market in Europe size is expected to decelerate at a CAGR of over 9% during the forecast period.
• The full service long-term material handling equipment rental market in Europe is segmented by end-user (Construction, Industrial, and Agriculture) and geography (Germany, France, Italy, Spain, and Rest of Europe).
• The market is fragmented due to the presence of many established vendors holding significant market share.
• The research report offers information on several market vendors, including Caterpillar Inc., Cramo Plc, Jungheinrich AG, KYNNINGSRUD GROUP, Lambertsson, Liebherr-International AG, Loxam, Sarens NV, Toyota Industries Corp., and MEDIACO LEVAGE.

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