The global Construction Equipment Rental Market is projected to grow from $148.63 bn in 2024 to $ 237.96 bn by 2032, at a CAGR of 6.1% between 2025 and 2032. Explore depth insights into rental trends, cost benefits, infrastructure demand, and market dynamics across regions and sectors.

The North America Construction Equipment Rental Market Report is Segmented by Rental Channel (Offline and Online), Machinery Type (Cranes, Excavators, Loaders, Motor Graders, and More), Drive Type (Hydraulic / IC Engine, Hybrid, and More), Application (Building Construction and More), Service Type (Short-Term Rental and More), and Country. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

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Construction Equipment Rental Market Size 2025-2029

The construction equipment rental market size is forecast to increase by USD 39.95 billion, at a CAGR of 5.9% between 2024 and 2029.

The market is experiencing significant growth, driven by increased investment in infrastructure projects worldwide. This trend is expected to continue as governments and private entities prioritize infrastructure development to boost economic growth and improve public services. Another key driver is the increasing adoption of automation in the construction industry. Automated equipment rental solutions offer numerous benefits, including increased efficiency, improved safety, and reduced labor costs. However, the market faces a notable challenge: the lack of a skilled workforce in the construction industry. As the demand for construction equipment rental services grows, ensuring a sufficient workforce to operate and maintain the equipment is becoming a significant concern for market players.
To capitalize on the market's opportunities and navigate these challenges effectively, companies must focus on workforce training and development programs, as well as explore partnerships and collaborations to address the labor shortage. Additionally, investing in research and development to create more automated and user-friendly equipment rental solutions can help companies stay competitive and meet the evolving needs of their customers.

What will be the Size of the Construction Equipment Rental Market during the forecast period?

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The market continues to evolve, with dynamic market activities unfolding across various sectors. Light equipment, telehandlers, backhoes, and excavators are in high demand for infrastructure projects, while generators and industrial equipment are essential for utility services and industrial applications. Safety standards, a critical aspect of the rental industry, are continually evolving, with civil engineering projects requiring operator certification, safety training, and adherence to OSHA regulations. Rental agreements come in various forms, including long-term and short-term, with operational costs including equipment availability, maintenance, cleaning, and fuel. Equipment damage and rental contract terms are significant considerations, with insurance coverage and liability insurance playing crucial roles in mitigating risks.

Bulldozers, skid steers, and rollers are integral to heavy construction projects, while cranes and forklifts are essential for commercial and residential construction. Fuel efficiency and environmental compliance are increasingly important factors, with digital platforms and mobile app integration streamlining equipment rental processes. Equipment financing, fleet management, and data analytics are also key areas of focus, with rental rates varying from daily to weekly to monthly. Delivery and pickup, equipment inspection, and customer service are essential components of a successful rental experience. Market trends include the growing popularity of online rental booking, equipment repair, and equipment tracking, as well as the integration of specialty equipment, such as boom and scissor lifts, into rental offerings.The market's continuous dynamism is driven by the evolving needs of various sectors, from infrastructure and industrial projects to commercial and residential construction, and disaster relief operations.

How is this Construction Equipment Rental Industry segmented?

The construction equipment rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  ECRCE
  MHE


Type

  ICE
  Electric


Product Type

  Backhoes
  Excavators
  Loaders
  Crawler dozers
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

.

By Application Insights

The ecrce segment is estimated to witness significant growth during the forecast period.

The earthmoving concrete and road construction equipment (ECRCE) rental market encompasses power-propelled vehicles designed for carrying, digging, spreading, or moving materials. This segment includes excavators, loaders, dozers, and Motor Graders. The infrastructure industry's growing investments, driven by the public and private sectors, present significant expansion opportunities for earthmoving equipment rental companies. Urbanization's rapid expansion, particularly in developing countries, will result in an increase in megacities throughout the forecast period. Equipment availa

The global Aerial Work Platform Rental Market size is predicted to reach USD 37.68 billion by 2034, up from USD 22.27 billion in 2024, reflecting a CAGR of over 5.4% during the forecast period from 2025 to 2034. Major industry players include Alta Equipment Group, Boels Rental, Snorkel, United Rentals, Volvo Construction Equipment, Riwal Holding Group, Brandon Hire Group, Ashtead Group, Ahern Rentals, Skyjack, CraneWorks, Terex, Hertz Equipment Rental, Lavendon Group, NES Rentals.

The Farm Equipment Rental market is an increasingly vital sector within the agricultural industry, providing farmers and agricultural businesses with flexible access to essential machinery without the overhead costs of ownership. With the market's current valuation reaching approximately $xx billion, it has shown re

Discover the booming Construction & Industrial Equipment Rental market! This in-depth analysis reveals key trends, drivers, and restraints influencing growth through 2033, including insights on leading companies like United Rentals and Ashtead Group. Explore market size projections, regional breakdowns, and lucrative investment opportunities.

The global medical equipment rental market size is forecast to rise from USD 64.64 billion in 2025 to USD 115.76 billion by 2035, advancing at a CAGR above 6%. Leading companies in the industry are Agiliti, Hill-Rom, Stryker, Arjo, Joerns Healthcare, shaping trends across the global market landscape.

The Industrial Equipment Rental and Leasing industry has enjoyed notable changes and strong growth, catalyzed by an increased frequency of severe weather and climate disasters. Industries, municipalities and contractors are sourcing equipment like generators, pumps, cranes and climate control systems on short notice rather than owning assets, resulting in unprecedented demand for rental fleets. This has prompted companies to modernize their operations to accommodate unpredictable demand. Rental companies in this industry collaborate with organizations and agencies like FEMA for large-scale disaster relief; these companies also deploy advanced technologies like enabled fleet management systems enabled by the Internet of Things to efficiently manage this growing demand. Industry revenue is estimated to climb at a CAGR of 6.7% to $56.6 billion through the end of 2025, and is set to gain 4.7% in 2025 alone. Several external factors stimulate rental demand for industrial equipment, such as heightened equipment requirements due to the cleanup efforts following multiple hurricanes and large construction projects. Companies with larger, diverse fleets like United Rentals and Ashtead Group have particularly benefited from mega-projects. At the same time, merger and acquisition activities have seen a significant gain. For example, the recent bidding war for H&E Equipment Services demonstrates the intense competition among top players to gain market share by acquiring competitors. Consistently high profit for this industry has encouraged new entrants, especially since the industry remains relatively fragmented with low market share concentration. The industrial equipment rental industry is expected to strengthen by the end of 2030. The anticipated climb in raw material and other input costs, the shift toward smart manufacturing and Industry 4.0 demanding advanced machinery and the high costs associated with equipment ownership will drive more companies to turn to rental services as a cost-effective alternative. The aging US population will strengthen demand for home healthcare equipment. The federal government’s investment in the Infrastructure Investment and Jobs Act of 2021 offered a secure pipeline of long-term construction work. That, along with a boom in data center construction, will ensure a consistent source of demand. Industry revenue is expected to climb at a CAGR of 2.8% through the end of 2030 to an estimated $65.0 billion.

The GCC Construction Machinery Rental Market Report is Segmented by Vehicle Type (Earth-Moving Equipment, Material Handling Equipment, and More), Propulsion Type (IC Engine, Hybrid Drive, and More), End-User Industry (Commercial and Residential Construction, Oil and Gas/Petrochemicals, and More), and Country (Saudi Arabia, United Arab Emirates, and More). The Market Forecasts are Provided in Terms of Value (USD).

The global construction equipment rental market is booming, projected to reach $140 billion by 2033 with a 7% CAGR. Discover key trends, drivers, restraints, and leading companies shaping this dynamic industry. Explore regional market share data and insights into segments like earth-moving machinery and cranes.

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Compact Power Equipment Rental Market Size 2024-2028

The compact power equipment rental market size is forecast to increase by USD 2.09 billion at a CAGR of 6.3% between 2023 and 2028.

The market in North America is witnessing significant growth due to the expansion of the construction industry. The integration of advanced technologies such as telematics, fuel cells, batteries, and transformers in compact power equipment like pumps, generators, compressors, bulldozers, and power tools is driving the market growth. These technologies enhance equipment efficiency, reduce operational costs, and improve safety. However, operational challenges associated with compact power equipment rentals, including maintenance, transportation, and fuel management, continue to pose challenges for market growth. Influencers like HVAC, lighting, and HVACR industries are also adopting compact power equipment to meet their energy needs. The market is expected to witness further growth with the increasing demand for eco-friendly and cost-effective power solutions.

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The market encompasses a diverse range of machinery and tools, including engine-driven and electric power tools such as drills, polishers, woodwork routers, and screw drivers. This market plays a vital role in infrastructure development and maintenance by providing lightweight, efficient solutions for construction projects and various industries. The market's size is significant, with continuous growth driven by the increasing demand for specialized equipment that offers improved performance, lower emissions, and enhanced functionality. Rental services for generators, compressors, and other power equipment are increasingly popular due to their cost-effectiveness and convenience. Equipment tracking systems and online platforms, along with mobile applications, facilitate seamless rental processes and efficient inventory management.
The transition towards electric equipment, such as those powered by batteries, electricity, and fuel cells, is gaining momentum due to their environmental benefits and the advancements in electric motors, transformers, and battery technology. Overall, the market is a dynamic and evolving landscape that caters to the ever-changing needs of various industries and construction projects.

How is this Compact Power Equipment Rental Industry segmented and which is the largest segment?

The compact power equipment rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Electric power tools rental
  Engine-driven power tools rental
  Pneumatic power tools


Type

  Period rental
  Rent to own
  On-demand rental


Geography

  North America

    US


  Europe

    Germany
    France


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Product Insights

The electric power tools rental segment is estimated to witness significant growth during the forecast period.

The market has experienced significant growth due to the increasing focus on environmental sustainability and the reduction of carbon emissions. Electric power tools, a key segment of this market, offer lower emissions and reduced noise levels compared to engine-driven alternatives. This makes them an attractive option for urban and noise-sensitive environments, driving demand, particularly in residential and commercial settings. Electric power tools are also lighter, easier to handle, and require less maintenance, making them suitable for a wide range of users, including DIY enthusiasts, contractors, and professionals. Rental services provide an accessible solution for end-users to utilize eco-friendly equipment without the long-term commitment of ownership.

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The electric power tools rental segment was valued at USD 2.24 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 31% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market is driven by the growth In the construction industry, particularly In the US. Despite federal spending cuts, the industry is projected to expand due to low housing loan interest rates and a pipeline of infrastructure projects. In Canada and Mexico, similar positive trends are anticipated. Infrastructure development is a signifi

Connected Equipment Rental Market Outlook

According to our latest research, the global connected equipment rental market size reached USD 55.2 billion in 2024, supported by a robust digital transformation across industrial sectors. The market is projected to expand at a CAGR of 10.7% from 2025 to 2033, reaching a forecasted value of USD 137.1 billion by 2033. This impressive growth is primarily driven by increasing demand for real-time equipment monitoring, enhanced operational efficiency, and the need for cost-effective and flexible equipment solutions across construction, mining, oil & gas, and logistics industries.

The growth of the connected equipment rental market is largely attributed to the rapid adoption of digital technologies such as IoT, telematics, and remote monitoring systems. These technologies enable rental companies and end-users to track equipment usage, optimize maintenance schedules, and reduce downtime, resulting in significant cost savings and improved asset utilization. The integration of advanced connectivity solutions has transformed traditional equipment rental operations, allowing businesses to make data-driven decisions and enhance their overall productivity. Additionally, the increasing complexity and cost of modern equipment have made renting a more attractive option for companies seeking to avoid large capital expenditures and benefit from the latest technological innovations without ownership risks.

Another significant growth factor is the rising emphasis on sustainability and regulatory compliance within key industries. Connected equipment rental solutions facilitate better fuel management, emissions tracking, and predictive maintenance, supporting organizations in meeting stringent environmental regulations and corporate sustainability goals. The ability to monitor equipment health in real time not only extends asset lifespan but also reduces the environmental footprint by minimizing unnecessary idling and optimizing resource allocation. This shift toward green operations is particularly evident in the construction and mining sectors, where regulatory pressures and stakeholder expectations continue to intensify.

The proliferation of mega infrastructure projects, especially in emerging economies, is further propelling the connected equipment rental market. Governments and private players are investing heavily in smart cities, transportation networks, and energy infrastructure, driving demand for technologically advanced rental equipment. The scalability and flexibility offered by connected rental solutions allow contractors and industrial users to quickly adapt to changing project requirements and market conditions. As digital literacy and connectivity infrastructure improve worldwide, even small and medium enterprises are adopting connected rental equipment to enhance competitiveness and operational agility, contributing to the market’s sustained expansion.

From a regional perspective, Asia Pacific currently leads the connected equipment rental market, benefitting from rapid urbanization, industrialization, and government-led infrastructure initiatives. North America and Europe follow closely, driven by early adoption of telematics and IoT technologies, as well as a mature rental culture. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by growing construction activities and increasing awareness about the benefits of connected equipment rentals. Each region exhibits unique growth drivers and challenges, but the overarching trend is a global shift toward digitalized, data-centric rental operations that maximize asset value and minimize operational risks.

Equipment Type Analysis

The equipment type segment of the connected equipment rental market is dominated by heavy construction equipment, which includes excavators, bulldozers, cranes, and loaders. This category accounted for the largest revenue share in 2024, driven by its extensive applicat

Construction Equipment Rental Market Size was valued at USD 30.08 Billion in 2024 and is projected to reach USD 91.38 Billion by 2032, growing at a CAGR of 14.9% from 2026 to 2032.Cost Efficiency: Cost efficiency remains a primary catalyst for the rental market's acceleration, particularly in mature economies. A key finding from industry reports, such as the American Rental Association (ARA)'s data indicating a projected 3.8% growth in the North American construction and industrial equipment rental market to nearly $47 billion in 2023, underscores this financial preference. Renting equipment effectively mitigates significant upfront capital expenditure (CapEx) for contractors, freeing up critical working capital that can be deployed into core business activities or risk mitigation.

The Audio Equipment Rental market has emerged as a crucial segment within the broader event management and entertainment industries, catering to diverse needs ranging from corporate events, weddings, and concerts to exhibitions and personal gatherings. This market allows individuals and organizations to access high-

Discover the booming global equipment rental market! Our comprehensive analysis reveals key trends, growth drivers, and challenges impacting this $150 billion industry, featuring insights from leading players like Caterpillar and United Rentals. Explore regional market share projections and forecast data until 2033.

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Mobile Power Generation Equipment Rentals Market Size 2025-2029

The mobile power generation equipment rentals market size is valued to increase USD 570.8 million, at a CAGR of 5.1% from 2024 to 2029. Increasing infrastructural activities will drive the mobile power generation equipment rentals market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 30% growth during the forecast period.
By Application - Enterprise segment was valued at USD 935.00 million in 2023
By Product - Generator segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 53.87 million
Market Future Opportunities: USD 570.80 million
CAGR from 2024 to 2029 : 5.1%

Market Summary

The market is a dynamic and evolving sector, characterized by the continuous adoption of advanced technologies and shifting market trends. Core technologies, such as fuel cells and lithium-ion batteries, are gaining traction due to their efficiency and environmental sustainability. Applications in various industries, including construction, oil and gas, and disaster recovery, are driving market growth. Service types, including rental and lease, are becoming increasingly popular due to their flexibility and cost-effectiveness. Regulations, such as emissions standards, are influencing the market's direction. For instance, the shift to gas generators is on the rise, accounting for over 40% of the market share, due to their lower emissions compared to diesel generators. However, increasing competition from microgrids and energy storage systems presents challenges for market players. These trends underscore the ongoing evolution of the market and its potential for growth and innovation.

What will be the Size of the Mobile Power Generation Equipment Rentals Market during the forecast period?

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How is the Mobile Power Generation Equipment Rentals Market Segmented ?

The mobile power generation equipment rentals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationEnterprisePersonalProductGeneratorTurbinePower RatingUp to 50 kW51 kW to 500 kWAbove 500 kWEnd-userConstruction industryOil and gas industryMining industryGeographyNorth AmericaUSCanadaEuropeUKMiddle East and AfricaSouth AfricaUAEAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Application Insights

The enterprise segment is estimated to witness significant growth during the forecast period.

Mobile power generation equipment rentals have gained significant traction in various industries as businesses seek flexible and cost-effective solutions for their short-term or remote power requirements. According to recent market reports, the enterprise segment holds the largest revenue share in this market, accounting for approximately 45% of the total rentals in 2024. Construction sites, large-scale events, and data centers are among the primary enterprise applications for mobile power generation equipment rentals. These industries rely on portable generators to ensure operational efficiency and maintain uninterrupted power supply. For instance, construction companies use diesel generator rentals at off-grid job sites, event planners rent backup power solutions for large-scale events, and data centers rely on mobile power solutions for maintenance and emergency power needs. The market for mobile power generation equipment rentals is expected to grow substantially in the coming years, with an estimated 30% of businesses planning to increase their usage of rental power systems. Furthermore, the adoption of advanced technologies, such as remote diagnostics, power outage mitigation, and preventive maintenance, is driving the demand for mobile power generation equipment rentals. Power system design, power distribution systems, and equipment uptime are critical factors that businesses consider when renting power generation equipment. Fuel consumption rates, power system reliability, and rental service agreements are also essential aspects of the rental process. Equipment lifecycle management, generator maintenance, and load bank testing are crucial for ensuring the optimal performance and longevity of the rented equipment. Gas generator rentals are another popular choice for businesses due to their fuel efficiency and lower emissions. Fuel management systems and emission control systems are increasingly being integrated into rental power contracts to address environmental concerns and improve overall efficiency. In conclusion, the market is a dynamic and evolving industry that caters to the diverse power needs of businesses across various sectors. The flexibility, c

The Live Event Equipment Rental market is experiencing significant growth as businesses and individuals increasingly seek professional solutions to create memorable and impactful events. This market encompasses a wide array of equipment essential for various gatherings, including audio-visual systems, lighting, stag

The size of the Construction Equipment Rental Market market was valued at USD 134.88 Million in 2024 and is projected to reach USD 187.90 Million by 2033, with an expected CAGR of 4.85% during the forecast period. Recent developments include: December 2023: The online crane rental service based in Dubai, MyCrane, started its own operation in the United States. The company stated that it chose to set up its own operations in the United States rather than appointing a franchisee, as it has done in other locations., November 2022: Maxim Crane Works LP announced the launch of Maxim MarketplaceTM, a new online marketplace for used equipment sales. With hundreds of fleet-owned cranes and support equipment to sell, the US rental giant is refreshing its fleet via its own cutting-edge online used equipment sales platform developed in collaboration with Krank, the industry's first software developer., August 2023: Zeppelin boosted its Zeppelin Rental business by acquiring Bauhof Service GmbH, a Germany-based company that rents pumps and generators and provides logistical services for construction sites., June 2023: Renta Group made several acquisitions this year, including purchasing Norwegian general rental company My Lift. The acquisition added eight depots in Norway and NOK 360 million (EUR 30 million) of annual revenue to Renta Group.. Key drivers for this market are: Growth in Construction Industry. Potential restraints include: High Maintenance Cost of Construction Equipment. Notable trends are: ICE Engine is Expected to Hold the Highest Share.

Japan construction equipment rental market size reached USD 11.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 19.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.08% during 2025-2033. The inflating popularity of rental and leasing services and the growing advancements in the industrialization activities represent some of the key factors driving the market growth in the country.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on solution type, equipment type, type, application, and industry.