(MENAFN- globenewswire - nasdaq) rockville, june 28, 2023 (globe newswire) -- the concrete grinder rental market is estimated to grow from us$ 103.3 million in 2023 to us$ 147.1 million in 2033 at a rate of 3.6% creating an absolute $ opportunity of us$ 47.4 million.
concrete grinders play a vital role in various industries, including construction, renovation, and infrastructure development. concrete grinders are used to smooth, level, and repair concrete surfaces, removing imperfections and coatings. by preparing the concrete, they enhance the adhesion of subsequent materials like coatings, paints, or sealants. concrete grinder rental services offer an accessible and convenient option for customers, providing them with specialized tools without the need for purchasing.
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smart city initiatives and infrastructure projects rely on concrete grinders to prepare and maintain surfaces such as roads, bridges, and public spaces. rental services ensure contractors and municipalities have immediate access to the necessary equipment for renovation and retrofitting projects. moreover, the construction industry's growth due to population growth and urbanization fuels the demand for concrete grinding rental services. rental services offer technical support and guidance, helping customers achieve optimal results while reducing the risk of accidents.
walk-behind concrete grinders, with their efficiency and versatility, are becoming increasingly popular, as they can handle multiple tasks like grinding, polishing, and coating removal.
key takeaways from market study
the us market for concrete grinder rental is highly lucrative growing at a cagr of 3.8% during the forecast period in 2018, the concrete grinder rental market had a valuation of us$ 86.2 million historic growth of the german concrete grinder rental market was 2.7% between 2018 to 2022 by end use, the commercial is estimated to account for a market share of 33.2% in 2023 walk behind type is likely to grow at a cagr of 3.6% during the forecast period creating an absolute $ opportunity of us$ 23.8 million
“versatility of concrete grinders, it is a comprehensive solution for surface treatment driving the market growth” says a fact.mr analyst.
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competitive landscape
rental service providers offer a wide selection of concrete grinders to meet different project requirements in an effort to draw consumers. market participants make sure that their inventory includes grinders of all sorts and sizes that may be used for both small- and large-scale operations. in order to draw customers, rental service companies also work to offer competitive prices. service companies gain an advantage over rivals by providing flexible renting options, discounts, and bundles.
key companies profiled
a tool shed blueline rental diamond rental herc rentals sunbelt rentals united rentals
market growth stratagems
maintaining a fleet of well-maintained, reliable, and high-quality concrete grinders is crucial for rental service providers. rental service providers regularly service and update their equipment to ensure optimal performance and customer satisfaction.
providing exceptional customer service is a key differentiator in the rental industry. service providers focus on responsiveness, prompt delivery and pick-up, and thorough equipment explanations.
further, maintaining a strong online presence through a user-friendly website and online booking platform is essential. rental service providers allow customers to conveniently browse equipment options, check availability, and book rentals online. some service providers also offer online payment options and provide detailed information about equipment specifications, usage instructions, and safety guidelines.
segmentation of concrete grinder rental industry research
by type: hand held walk behind ride-on
by operation: by material: diamond metal bond hybrid
by end use: industrial commercial residential
by region: north america latin america europe east asia south asia & oceania middle east & africa
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more valuable insights on offer
fact.mr, in its new offering, presents an unbiased analysis of the concrete grinder rental market, presenting historical market data (2018–2022) and forecast statistics for the period of 2023–2033.
the study reveals essential insights on the basis of the type (hand held, walk behind, and ride-on), operation (edging, angle, and planetary), material (diamond, metal bond, and hybrid), end use (industrial, commercial, and residential), across major regions of the world (north america, latin america, europe, east asia, south asia, and oceania, middle east & africa).
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