To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the power rental market, namely, Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Cummins, Inc. (U.S.), United Rentals, Inc. (U.S.), and Generac Power Systems (U.S.). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Major strategies adopted by the players include contracts & agreements, new product launches, expansions & investments, mergers & acquisitions, and joint ventures & collaborations. Contracts & agreements was the most commonly adopted strategy from 2015 to October 2018. Industry players also adopted new product development, which was the second most widely followed strategy, during the same period. A key integrated solution provider has been highlighted in the paragraphs below.
Key Questions addressed by the report
·
The report identifies and addresses key
markets for power rental, which would help manufacturers review the growth in
demand.
·
The report helps system providers understand
the pulse of the market and provides insights into the drivers, restraints,
opportunities, and challenges.
·
The report will help key players understand
the strategies of their competitors better and make better strategic decisions.
·
Comprehensive mapping of the competitive
landscape and the market participant behavior
The key players in power rental market have merger and acquisition activities carried out by these companies have helped them to expand their market share. In September 2018, United Rental entered in an agreement to acquire BlueLine Rental, a leading provider of rental equipment in US and Canada for construction and manufacturing industry. In July 2017, Aggreko acquired energy storage company Younicos to tap new markets and provide customers around the world with a reliable, cheaper, and cleaner source of energy.
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Recent Developments
·
In April 2017, United Rentals, Inc. acquired
NES Rentals Holdings II, Inc. The acquisition is expected to increase the
company’s presence in the East Coast, Gulf states, and the Midwest of the
US.
·
In November 2017, Aggreko received a contract
to provide around 60 generators supplying more than 10 MVA (mega volt ampere)
of energy, distributed through more than 240 panel and 26 km of cable for
Glasgow 2018 European Championship
·
In June 2017, Caterpillar Inc. and Ritchie
Bros. formed a partnership under which Ritchie Bros. will become Caterpillar’s
preferred global partner for onsite and online auctions for used Caterpillar
equipment. The partnership is expected to strengthen Ritchie Bros. relationship
with independent Caterpillar dealers around the world by providing them
enhanced and continued access to a global auction marketplace to sell their
used equipment.
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