Philippines Construction Equipment Rental Market Assessment & Forecasts 2024-2029: Flood Mitigation and Adaptation Projects, Infrastructure Flagship Projects Fueling Demand - ResearchAndMarkets.com
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Monday, April 29, 2024
Construction & Property, Other Construction & Property, Carbon, Nature, Mineral, Volvo, PIP, Cyclone, Cat, Disaster, Komatsu, MGB, DENR, Hitachi Construction Machinery, Monark Equipment Corporation, Environment, United States Geological Survey, TRIP, NIA, National Irrigation Administration, Department of transportation, Iron, XCMG, Department of Transportation (Philippines), MMDA, Government, JCB, Mine, Workforce, Landslide, NZCA, Kobe Steel, Earthquake, Terex, Public works, Research, Artificial intelligence, NEDA, Caterpillar, CNH Industrial, PAR, Manitou, USD, Lead, Construction, Flood, Automation, Internet of things, SANY, Cobalt, CCA, Natural Resources, DPWH, Nickel
The Philippines construction equipment rental market was estimated at 175.9 million in 2023 and is expected to grow at a CAGR of 5.06% from 2023-2029.
Key Points:
- The Philippines construction equipment rental market was estimated at 175.9 million in 2023 and is expected to grow at a CAGR of 5.06% from 2023-2029.
- Caterpillar, Komatsu, Volvo CE, Hitachi Construction Machinery, XCMG, and SANY are leaders in the Philippines construction equipment rental market.
- JCB, Kubota, Kobelco, Zoom Lion, and Sumitomo Construction Machinery are emerging in the Philippines construction equipment rental market.
- This effort targets improving national and communal irrigation systems to boost farmer productivity and profitability while driving demand for earthmoving machinery rentals in government-led projects in the Philippines construction equipment rental market.