New York, April 05, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Equipment Rental Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software and Services), Deployment (On-Premise and Cloud-Based), Organization Size (Small and Medium Enterprise and Large Enterprise), and End User (Manufacturing, Construction, Transportation, and Other)”, the global equipment rental software market growth is driven by the expansion of construction industry, enhanced security and accessibility for dealers to improve enterprises business operation efficiency.
Get Exclusive Access to Sample Pages of Equipment Rental Software Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00011705/
| Report Coverage | Details |
| Market Size Value in | US$ 266.78 Million in 2021 |
| Market Size Value by | US$ 430.61 Million by 2028 |
| Growth rate | CAGR of 7.1% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
| No. of Pages | 177 |
| No. Tables | 115 |
| No. of Charts & Figures | 89 |
| Historical data available | Yes |
| Segments covered | Component, Deployment, Organization Size, and End User |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Equipment Rental Software Market: Competitive Landscape and Key Developments
BCS ProSoft, LLC; Booqable.com; eSUB, Inc.; EZRentOut; HQ Rental Software; inspHire Ltd.; MCS Global Ltd.; Orion Software Inc.; Point of Rental; and Wynne Systems are among the key players that are profiled during equipment rental software market study. In addition, several other essential market players were studied and analyzed to get a holistic view of the global equipment rental software market and its ecosystem.
Place Your Inquiry Before Buying: https://www.theinsightpartners.com/inquiry/TIPRE00011705/
In 2022, the Point of Rental announced that it is establishing the Canadian headquarters to focus on its large Canadian user base. To expand, the company is concentrating on its Toronto-based unit.
In 2020, Orion Software announced a deal with Telus to sell and commercialize GPS technology to supplement its rental services. Rental companies can use the Sirius e platform to update their meters in real time, invoicing overuse and triggering preventive maintenance alerts. The customer portal's web portal can also locate equipment in the field on a construction site. This integration with Telus technology provides a significant deployment benefit. Rental companies can get a standard technology that works on all equipment brands and is very simple to install.
The construction industry is likely to grow rapidly throughout the forecast period due to the rise in renewable power generation investments. Many power generation businesses, particularly in the North America and Europe, are investing in renewable energy sources. For instance, in December 2017, EDF Energy announced a US$ 27 billion investment in solar power infrastructure. Furthermore, governments worldwide are promoting renewable energy sources by providing incentives and subsidies to enterprises that generate renewable energy. Wind power generators in Australia were granted US$ 600 million in subsidies by the Australian government. Thus, the proliferation of the power sector, especially the renewable energy industry, will boost the demand for construction services. As a result, the need for heavy equipment is expected to rise in this industry in the coming years, thereby triggering the expansion of the equipment rental software market. The resultant flourishment of the equipment rental industry is likely to provide significant opportunities to the equipment rental software market growth in the future.
Connect with Our Research Analyst On: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00011705
The construction industry is expected to expand during the forecast period, owing to the government's focus on strengthening the country's tourism infrastructure. In addition, the administration wants to improve the tourism sector's long-term viability, focusing on making the country as a medical and health tourism powerhouse. Brazil reported approximately 9,000 hotel rooms under construction in January 2020, making it the leading country in South and Central America for the construction of lodging facilities. Colombia has the second-highest number of hotel rooms under development in the region, followed by Chile and Peru. There were 702 hotel building pipelines in South America in the first quarter of 2020. As a result, the region's booming construction industry is expected to propel the demand for heavy machinery on a rental basis, thereby expanding the equipment rental software market growth across South and Central America.
Argentina and Brazil are the two largest countries in South America. Equipment from the region's largest rental firms, Argentina-based Sullair and Brazil-based Solaris, can often be found on construction or industrial sites in both countries. This corporation expects to generate more than US$ 225 million in total revenue, with more than US$ 100 million coming from pure renting. Distribution accounts for roughly 30% of the company's revenue, while energy services account for about 25%.
Equipment Rental Software Market: Component Overview
Based on component, the equipment rental software market is bifurcated into software and services. The software segment led the equipment rental software market in 2020. The equipment rental software manages equipment maintenance, tracking, order, heavy equipment, back-office operations, recreational equipment, and other equipment rental businesses. Many dealers are hindered by outdated technology. With the rapidly evolving equipment rental industry, many enterprises are adopting equipment rental software as it offers advanced features such as setting up alerts, assigning tasks, and tracking rental status and fleet availability.
Buy Premium Copy of Equipment Rental Software Market Size, Share, Revenue, Strategic Insights and Forecasts 2021-2028 Research Report at: https://www.theinsightpartners.com/buy/TIPRE00011705/
In addition, the software provides complete visibility and greater control, which empowers dealerships and rental companies to make data-driven decisions. Therefore, many retailers and enterprises are adopting equipment rental software, which drives the growth of the equipment rental software market.
Browse Adjoining Reports:
Car Rental Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cloud-based, On-premises); Organization Size (SMEs, Large Enterprises) and Geography
Vacation Rental Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Deployment Type (Cloud, On-premises); End-user (Vacation Rental Agency, Vacation Rental Owners, Property Managers, Innkeepers, Bed and Breakfast (B and B)) and Geography
Construction Equipment Rental Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Equipment Type (Earth Moving Equipment, Material Handling Equipment, Infrastructure Construction Equipment); End user (Construction, Metal and Mining, Agriculture, Others) and Geography
Medical Equipment Rental Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Surgical Equipment, Durable Medical Equipment, Storage and Transport); End-Use (Institutional, Hospital, Homecare) and Geography
Oilfield Equipment Rental Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Equipment (Pressure and Flow Control Equipment, Drilling Equipment, Fishing Equipment, Others); Application (Onshore, Offshore) and Geography
NDT Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Testing Technique (Visual Inspection, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, Terahertz Imaging); Type (Inspection Services, Equipment Rental Services, Training Services, Calibration Services); Vertical (Manufacturing, Oil and Gas, Aerospace, Government Infrastructure and Public Safety, Automotive, Power Generation, Others) and Geography
Ultrasonic Testing Market Forecast to 2028 - Covid-19 Impact and Global Analysis By Type (Time-of-Flight Diffraction, Phased Array Techniques, Ultrasonic Immersion Testing, Guided-Wave Ultrasonic, Ultrasonic Acoustography, Ultrasonic Spectroscopy); Equipment (Flaw Detectors, Thickness Gauges, Transducers and Probes, Others); Service (Inspection Services, Equipment Rental Services, Training, Calibration); Application (Manufacturing, Oil and Gas, Aerospace, Government Infrastructure, Automotive, Marine, Power Generation) and Geography
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/equipment-rental-software-market
