MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Frost & Sullivan
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Global Construction and Mining Rental Equipment Market to Reach $273 Billion by 2030 with Growth of Digital Services & Platforms Says Frost & Sullivan - Frost & Sullivan analysis notes reduced operational costs offered by digital services to improve construction and mining equipment and present further growth opportunities - Frost.com
Global Construction and Mining Rental Equipment Market to Reach $273 Billion by 2030 with Growth of Digital Services & Platforms Says Frost & Sullivan

 

NewswireToday - /newswire/ - Santa Clara, CA, United States, 2020/12/18 - Frost & Sullivan analysis notes reduced operational costs offered by digital services to improve construction and mining equipment and present further growth opportunities - Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Rental Services / Leasing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Frost & Sullivan’s recent analysis, Digitization and New Business Models Powering the Global Construction and Mining Equipment Market, 2030, finds that growth in infrastructure development and urbanization projects, alternate powertrains, and the need for modern, compact, and rental equipment are top industry trends driving the global construction and mining equipment industry. Telematics and autonomous retrofit solution providers are expected to partner with rental companies to upgrade their fleet with new solutions and technologies and promote them in key markets, such as the United States, Europe, China and India. The construction and mining rental equipment market is expected to reach $273 billion by 2030, driven by the need to manage operational costs and increase utilization rates.

Global construction spending is estimated to reach $17.5 trillion by the end of the forecast period with the rise in civil infrastructure development projects and real estate/buildings. However, the COVID-19 pandemic is expected to cause an 18% decline in the unit sales of heavy equipment in 2020 due to the decline in manufacturing, operations, and distribution centers across the globe. Despite these obstructions, the construction and mining equipment unit shipment is likely to register growth at a compound annual growth rate of 0.84% for the next 10 years.

“The construction equipment market is ripe with opportunities for original equipment manufacturers (OEMs), suppliers, and digital solution providers to leverage from the current evolution in technologies in both mature and nascent markets,” said Krishna Achuthan, Commercial Mobility Industry Analyst at Frost & Sullivan. “Growth will be driven by the Asia-Pacific market and the earthmoving segment in the short term. The transition toward rental models, electrification, and automation will happen in the medium to long terms.”

Achuthan added: “Digital services that enhance convenience and operational costs are expected to spur the growth of telematics solutions in construction and mining equipment. Additionally, with the rise in mega cities and smart cities, the operational constraints of urban construction will lead to an increase in demand for compact equipment. This will further push the demand for electric construction equipment due to stringent urban emission regulations (EV zones) and reduced operational costs.”

Processes in the construction and mining sector will be more modular, individualized, and connected to the Internet of Things (IoT), enhancing equipment utilization and performance tracking. Prognostics using unabridged data collection, remote monitoring and operation present immense growth prospects for stakeholders in the construction and mining equipment industry. Industry players should consider the following opportunities:

• Partner with regional digital service providers and telematics companies to offer lucrative subscription models, improving network channels.
• The rapid growth of rental and sharing platforms will allow OEMs and technology providers to form partnerships and leverage marketing channels.
• Autonomous solution providers, OEMs, rental companies and mining corporations are expected to pilot test and develop autonomous construction and mining equipment.
• The substantial installed base of equipment with telematics, electric drives and other digital technologies will support the dominance of OEM dealer channels for equipment maintenance and service.

Digitization and New Business Models Powering the Global Construction and Mining Equipment Market, 2030 is the latest addition to Frost & Sullivan’s Commercial Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan (frost.com) has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Digitization and New Business Models Powering the Global Construction and Mining Equipment Market, 2030 / MFB2

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Rental Services / Leasing Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Rental Services / Leasing articles,
CATCH Visitors via Your Competitors Announcements!


Global Construction and Mining Rental Equipment Market to Reach $273 Billion by 2030 with Growth of Digital Services & Platforms Says Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Jaylon Brinkley - Frost.com 
210-247-2481 jaylon.brinkley[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Rental Services / Leasing via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Rental Services / Leasing Most Recent Related Newswires:

Digital Retailing and Vehicle Leasing to Propel Automotive Recovery Path, Says Frost & Sullivan
Zipcar Introduces 'Instant Access' to Put New Members Behind the Wheel within Minutes
Emergence of New Leasing Models to Ease Adoption of EVs into the Fleet Markets Finds Frost & Sullivan
Private and SME Segments Stand Out Globally as Key Targets for Car Leasing Companies Finds Frost & Sullivan
Amazon Partners with GECAS to Lease An Additional Fifteen 737-800 Converted Freighters
GECAS Delivers First 737-900ERs Operated in Russia to Pegas Fly
Zipcar and Honda Expand Strategic Partnership for Mobility Solutions
GECAS Orderbook Provides Vistara Seven A320neo
Milestone Aviation and Airbus to Provide Five H145 Helicopters to Aramco
Zipcar Partners with the City of San Diego to Increase Car-Sharing Locations Downtown
West Atlantic Takes Delivery of First 737-800 Boeing Converted Freighter
Zipcar and the Maryland Department of Transportation Maryland Transit Administration Partner to Launch Car-Sharing Vehicles at Transit Stations
Milestone Aviation Leases Eight AW139 Helicopters to Kingwing Supporting Expanded Emergency Medical Services in China
Milestone Aviation Group Supports Heligo’s Growth in India
GECAS Extends Relationship with AirBridgeCargo Airlines

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)