Machinery Leasing Global Market Estimated To Grow At 10% Rate
The Global Machinery Leasing Market Report by TBRC covers machinery leasing market size, drivers, restraints, key players, and the impact of COVID-19.
LONDON, GREATER LONDON, UK, August 29, 2022 /EINPresswire.com/ -- As per The Business Research Company's "Machinery Leasing Global Market Report 2022”, the machinery leasing market is expected to grow from $334.64 billion in 2021 to $373.41 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The growth in the machinery leasing market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. As per TBRC’s machinery leasing market research2 the market is expected to reach $554.43 billion in 2026 at a CAGR of 10.4%. The emergence of start-ups as major clients of leasing service providers is expected to drive the m machinery leasing global market.
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Key Trends In The Machinery Leasing Market
Companies are increasingly leasing 3D printing equipment for manufacturing purposes. The 3D printer is a computer-aided manufacturing device which creates three-dimensional objects by receiving digital data from a computer as input by building a three-dimensional model out of custom material. 3D printing is gaining popularity as manufacturers are becoming more familiar with industrial-grade 3D printers. Industrial grade 3D printers are capable of printing large products with high precision and with a wide range of materials. 3D printer leasing can reduce the overall reduction of cost of the manufacturer rather than buying.
Overview Of The Machinery Leasing Market
The machinery leasing market consists of sales of machinery rental services by entities (organizations, sole traders and partnerships) that rent out or lease commercial-type and industrial-type machinery and equipment. Establishments in this generally provide capital or investment-type equipment that clients use in their business operations. These establishments typically cater to a business clientele and do not generally operate a retail-like or storefront facility.
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Machinery Leasing Global Market Report 2022 from TBRC covers the following information:
Market Size Data
Forecast period: Historical and Future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
By Type: Heavy Construction Machinery Rental, Commercial Air, Rail, and Water Transportation Equipment Rental, Mining, Oil and Gas, and Forestry Machinery and Equipment Rental, Office Machinery and Equipment Rental, Other Commercial and Industrial Machinery and Equipment Rental
By Mode: Online, Offline
By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Others
By Geography: The global machinery leasing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest share in the market.
Major market players such as General Electric Company, United Rentals Inc, Tokyo Century, Berkshire Hathaway Inc., Ashtead Group plc, AerCap Holdings N.V., Fuyo General Lease Co., Ltd., NetJets, Nissan Motor Co Ltd and Air Lease Corporation.
Trends, Opportunities, Strategies And So Much More.
Machinery Leasing Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of machinery leasing market. The market report gives machinery leasing market analysis3, machinery leasing global market size, machinery leasing global market share, machinery leasing global market growth drivers, machinery leasing market segments, machinery leasing global market major players, machinery leasing global market growth across geographies, and machinery leasing global market competitors’ revenues and market positioning. The machinery leasing global market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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