Report : North America Equipment Rental Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Deployment (On-Premise and Cloud-Based), Organization Size (Small and Medium Enterprises and Large Enterprises), and End Users (Manufacturing, Construction, Transportation, and Others)
Software Segment to Dominate North America Equipment Rental Software Market During 2021–2028
According to a new market research study on “North America Equipment Rental Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Deployment, Organization Size, and End Users” is expected to reach US$ 175.26 million by 2028 from US$ 110.24 million in 2021. The market is estimated to grow at a CAGR of 6.8% from 2021 to 2028. The report provides trends prevailing in the North America equipment rental software market along with the drivers and restraints pertaining to the market growth. Expansion of construction industry and enhanced security and accessibility for dealers are the major factor driving the growth of the North America equipment rental software market. However, growing acceptance of leasing hinder the growth of North America equipment rental software market.The North America equipment rental software market is segmented based on component, deployment, organization size, end users, and country. Based on component, the North America equipment rental software market is segmented into software and services. The software segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on deployment, the North America equipment rental software market is segmented into on-premise and cloud-based. The cloud-based segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on organization size, the North America equipment rental software market is segmented into SMEs and large enterprises. The large enterprises segment dominated the market in 2020 and SMEs segment is expected to be fastest growing during forecast period. Based on end user, the North America equipment rental software market is segmented into manufacturing, construction, transportation, and others. The construction segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the North America equipment rental software market is segmented into the US, Canada, and Mexico.
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 leading companies in the North America equipment rental software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2022, in Canada, the Point of Rental is establishing an official on-the-ground presence. The Point of Rental decided to establish a Canadian headquarters to focus on its large Canadian user base. To expand, the company is concentrating on its Toronto-based unit.
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