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)
The North America equipment rental software market is expected to grow from US$ 110.24 million in 2021 to US$ 175.26 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.
Loaders, excavators, skid steers, trucks, lifts, generators, and uninterruptible power supplies are among the equipment setups required by all construction companies. They need to streamline their operations to achieve maximum efficiency and versatility. As a result, renting equipment lowers fixed expenses and mitigates the financial risks of owning equipment fleets. Renting allows businesses to pay only when the equipment is needed. It reduces the ongoing costs of equipment ownership, including maintenance, in-service inspections, repairs, shipping, and storage. It also allows businesses to manage workloads at peak times without investing in new equipment. In response to the burgeoning demand for equipment on rent, dealers of these equipment fleets are adopting digital solutions for better management. Rental management software provides complete visibility into the company's entire rental department, allowing the dealers and rental companies to make informed decisions. Personalized operational and executive dashboards provide precise information on high-level key performance index (KPI) and daily tasks. By unifying job-critical information, operational dashboards increase efficiency and reduce search time. Therefore, the increased acceptance of the rental model in the construction industry is driving the equipment rental software market growth. Furthermore, the advantages of renting construction equipment are enhanced in the current economy, especially given the cyclical nature of the building business. Many contractors, building organizations, and businesses from various industries are increasingly looking into renting solutions. Many economists and business executives are expecting an economic downturn, which could increase the demand for equipment rental and push corporations away from leasing and ownership, resulting in the equipment rental software market growth across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America equipment rental software market. The North America equipment rental software market is expected to grow at a good CAGR during the forecast period.
North America Equipment Rental Software Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
North America Equipment Rental Software Market Segmentation
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 operating in the North America equipment rental software market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Equipment Rental Software Market – By Component
1.3.2 North America Equipment Rental Software Market – By Deployment
1.3.3 North America Equipment Rental Software Market – By Organization Size
1.3.4 North America Equipment Rental Software Market – By End User
1.3.5 North America Equipment Rental Software Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Equipment Rental Software Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Equipment Rental Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Construction Industry
5.1.2 Greater Security and Accessibility for Dealers
5.2 Market Restraints
5.2.1 Rising Acceptance of Leasing
5.3 Market Opportunities
5.3.1 Surging Demand for Construction in Power Sector
5.4 Future Trends
5.4.1 Rise of IoT & Predictive Analysis
5.5 Impact Analysis of Drivers and Restraints
6. Equipment Rental Software Market – North America Analysis
6.1 North America Equipment Rental Software Market Overview
6.2 North America Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Equipment Rental Software Market Analysis – By Component
7.1 Overview
7.2 North America Equipment Rental Software Market, By Component (2020 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Equipment Rental Software Market Analysis – By Deployment
8.1 Overview
8.2 North America Equipment Rental Software Market, By Deployment (2020 and 2028)
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud-based
8.4.1 Overview
8.4.2 Cloud-based: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Equipment Rental Software Market Analysis – By Organization Size
9.1 Overview
9.2 North America Equipment Rental Software Market, By Organization Size (2020 and 2028)
9.3 Small and Medium Enterprises (SME’s)
9.3.1 Overview
9.3.2 SME’s: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprise
9.4.1 Overview
9.4.2 Large Enterprise: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Equipment Rental Software Market Analysis – By End Users
10.1 Overview
10.2 North America Equipment Rental Software Market, By End Users (2020 and 2028)
10.3 Manufacturing
10.3.1 Overview
10.3.2 Manufacturing: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Construction
10.4.1 Overview
10.4.2 Construction: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Transportation
10.5.1 Overview
10.5.2 Transportation: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11. North America Equipment Rental Software Market – Country Analysis
11.1 Overview
11.1.1 North America: Equipment Rental Software Market, by Key Country
11.1.1.1 US: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Equipment Rental Software Market, By Component
11.1.1.1.2 US: Equipment Rental Software Market, By Deployment
11.1.1.1.3 US: Equipment Rental Software Market, By Organization Size
11.1.1.1.4 US: Equipment Rental Software Market, By End Users
11.1.1.2 Canada: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Equipment Rental Software Market, By Component
11.1.1.2.2 Canada: Equipment Rental Software Market, By Deployment
11.1.1.2.3 Canada: Equipment Rental Software Market, By Organization Size
11.1.1.2.4 Canada: Equipment Rental Software Market, By End Users
11.1.1.3 Mexico: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Equipment Rental Software Market, By Component
11.1.1.3.2 Mexico: Equipment Rental Software Market, By Deployment
11.1.1.3.3 Mexico: Equipment Rental Software Market, By Organization Size
11.1.1.3.4 Mexico: Equipment Rental Software Market, By End Users
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 EZRentOut
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 eSUB, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Booqable.com
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BCS ProSoft, LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 HQ Rental Software
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 inspHire Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 MCS Global Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Orion Software Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Point of Rental
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Wynne Systems
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Equipment Rental Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Equipment Rental Software Market Segmentation
Figure 2. North America Equipment Rental Software Market Segmentation – By Country
Figure 3. North America Equipment Rental Software Market Overview
Figure 4. North America Equipment Rental Software Market, By Component
Figure 5. North America Equipment Rental Software Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Equipment Rental Software Market: Impact Analysis of Drivers and Restraints
Figure 9. North America Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America Equipment Rental Software Market Revenue Share, By Component (2020 and 2028)
Figure 11. North America Software: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Services: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Equipment Rental Software Market Revenue Share, By Deployment (2020 and 2028)
Figure 14. North America On-Premise: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Cloud-based Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Equipment Rental Software Market Revenue Share, By Organization Size (2020 and 2028)
Figure 17. North America SME’s: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Large Enterprise: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Equipment Rental Software Market Revenue Share, By End Users (2020 and 2028)
Figure 20. North America Manufacturing: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Construction: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Transportation: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Others: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Equipment Rental Software Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. North America: Equipment Rental Software Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. US: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Canada: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Mexico: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
- BCS ProSoft, LLC
- Booqable.com
- eSUB, Inc.
- EZRentOut
- HQ Rental Software
- inspHire Ltd
- MCS Global Ltd
- Orion Software Inc.
- Point of Rental
- Wynne Systems
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America equipment rental software market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America equipment rental software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the equipment rental software market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution