The Construction Equipment Rental Report is Segmented by Equipment Type (Earthmoving Equipment (Backhoe Loaders and More), and More), Drive Type (IC Engine and More), Application (Residential Construction and More), Rental Channel (Offline and Online), Service Type (Short-Term Rental, and More), and Geography (North America and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

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).

Construction Equipment Rental Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Equipment Type, By Product Type, By Application Type, By Drive Type, By Region

The Heavy Equipment Rental industry has grown with rising demand from key downstream markets, including the construction and mining sectors. However, elevated interest rates and a slow-paced commercial construction recovery acted as dampeners. The market leans significantly on the construction industry, as evidenced by United Rentals, where 40.0% of its fleet comprised construction and industrial equipment, contributing 46.0% to its rental revenue. Government spending schemes like the CHIPS Act are expected to add over 100,000 jobs in construction and manufacturing, stimulating demand for heavy machinery and equipment. Rental companies are expanding to include a wider variety of specialized equipment. The aircraft leasing segment experienced a surge as airlines globally have begun switching from owning to leasing aircraft. The resurgence of air travel post-2020 has contributed to a renewed demand for aircraft lessors and the sector's growth. Overall industry revenue will climb at a CAGR of 2.8% to reach $55.5 billion in 2025, including a gain of 1.4% in 2025 alone. Elevated interest rates pose a challenge, but the Federal Reserve cut rates three times in 2024 and hints at further reductions in 2025. Lower interest rates will stimulate more construction activity, pushing growth in the equipment rental sector. This follows a steady recovery in the housing market, with plans to construct nearly 1.1 million homes in 2025, a 13.8% climb from the previous year. Profit has fallen to reach 15.1% of revenue in 2025, as high interest rates and cost pressures constrain profit. Within industry dynamics, acquisitions have been high on the agenda for rental providers as large-scale projects drive the need for rentals. Herc Rentals’ $5.3 billion acquisition of H&E Equipment Services and Sunbelt Rentals' acquisition of 26 rental businesses are examples. Technology upgrades and a regulatory environment that favors larger entities actively define the transformation in the sector. Against this backdrop, the industry stands to gain with a projected gain in crude oil production in 2025-2026, which is expected to strengthen demand for heavy equipment rentals. Industry revenue will climb through the end of 2030, driven by a rebound from vital downstream markets. The Federal Reserve will cut interest rates over the next five years, stimulating demand from the construction and manufacturing markets. Industry revenue will expand at a CAGR of 2.4% to reach $62.4 billion in 2030.

Discover the booming large equipment rental market! Explore key trends, growth drivers, and regional insights from our comprehensive market analysis, forecasting a CAGR of 7% through 2033. Learn about leading companies and investment opportunities in this dynamic sector.

Discover the India Construction Equipment Rental Market size at USD USD 900 Bn in 2023, featuring Market Forecasts & Outlook, Executive Summary, and Strategic Insights.

The India Construction Equipment Rental Market Report is Segmented by Vehicle (Earth-Moving Equipment and Material Handling Equipment), Drive Type (Internal-Combustion Engine and Electric/Hybrid), Rental Duration (Short-Term and Long-Term), End-User (Infrastructure, Residential & Commercial Real-Estate, Industrial & Energy, and Mining & Quarrying) and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global construction equipment rental market is forecasted to grow from *** billion U.S. dollars in 2021. By 2027, the construction equipment rental is expected to be worth *** billion U.S. dollars.

The global Large Equipment Rental market is poised for robust growth, projected to reach an estimated USD 150,000 million by 2025. This expansion is driven by a significant Compound Annual Growth Rate (CAGR) of XX% through 2033. The market's dynamism is fueled by increasing infrastructure development projects worldwide, particularly in emerging economies. Factors such as the high capital expenditure associated with purchasing large equipment, coupled with the growing preference for flexible, short-term rental solutions to manage project costs and operational efficiency, are propelling market adoption. Moreover, advancements in equipment technology, including the integration of IoT for real-time monitoring and predictive maintenance, enhance the appeal of rental services, offering cost-effectiveness and minimizing downtime for end-users. The "Construction Equipment Rental" sector, a significant part of this market, is witnessing accelerated demand due to its role in diverse applications from urban development to renewable energy projects. Further analysis reveals that the market's growth trajectory is supported by several key trends. The increasing focus on sustainability and the circular economy encourages the rental of pre-owned and well-maintained large equipment, reducing the environmental footprint of construction and industrial activities. The "Rental Equipment Market" is also benefiting from digitalization, with online platforms and mobile applications streamlining the rental process, improving accessibility and user experience. While the market exhibits strong upward momentum, certain restraints exist. Fluctuations in raw material prices can impact equipment manufacturing costs, indirectly affecting rental rates. Additionally, stringent regulatory frameworks and the need for specialized operator training in certain regions can pose challenges. However, the persistent demand from various applications like "Earth Moving Equipment Rental," "Material Handling Equipment Rental," and "Road Building Equipment Rental" across commercial and individual segments, coupled with strategic expansions by key players such as Sin Heng Heavy Machinery Limited and Kanamoto Co., Ltd., are expected to outweigh these challenges, ensuring sustained market expansion. Here's a unique report description for the Large Equipment Rental market, incorporating the requested elements and values:

This in-depth report offers a panoramic view of the global Large Equipment Rental market, projecting a robust trajectory from its Base Year of 2025 through a comprehensive Forecast Period extending to 2033. The study meticulously analyzes the Historical Period of 2019-2024, providing critical context for current market dynamics and future projections. With an estimated market size in the tens of millions of units, this report delves into the intricate landscape of equipment rental for major construction, industrial, and infrastructure projects.

The global construction and industrial equipment rental service market exhibits robust growth, driven by increasing infrastructure development projects worldwide, a preference for operational flexibility over asset ownership, and the rising adoption of technologically advanced equipment. The market's size in 2025 is estimated at $150 billion, projecting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching approximately $250 billion by 2033. This expansion is fueled by several key trends: the increasing demand for specialized equipment in niche sectors like renewable energy and mining, the growing adoption of digital technologies for equipment management and tracking (improving efficiency and reducing downtime), and the expansion of rental services into emerging markets with developing infrastructure. While the market faces certain restraints, such as economic downturns impacting construction activity and fluctuating fuel prices affecting operational costs, these challenges are largely offset by the long-term positive trends. The segment breakdown reveals a significant portion of revenue is generated from heavy construction equipment rentals, followed by material handling equipment and power generators. Long-term rental agreements are becoming increasingly popular, indicating a shift toward strategic partnerships between rental companies and clients. Key players like United Rentals, Sunbelt Rentals, and Herc Rentals dominate the market, leveraging their extensive networks and diverse equipment portfolios. Regional analysis indicates strong growth in North America and Asia Pacific, driven by large-scale infrastructure projects and economic expansion. The competitive landscape is characterized by both large multinational corporations and regional players. The success of companies hinges on factors such as equipment availability, efficient logistics, technological integration, and customer service. Future growth will be influenced by the increasing adoption of sustainable construction practices, the integration of smart technologies within rental equipment, and the expansion of services into new geographic markets. The shift towards digitalization will continue to improve operational efficiency and transparency, enhancing customer experience and driving market growth. Further consolidation within the industry is expected as larger players seek to expand their market share through acquisitions and strategic alliances. The market presents significant opportunities for companies that can adapt to changing technological landscapes, offer superior customer service, and effectively manage risks associated with equipment maintenance and logistics.

The U.S. construction equipment rental market is expected to reach USD 54.17 billion by 2029, growing at a CAGR of 4.73%.

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.

Equipment Rental Market size was valued at USD 485 Billion in 2024 And is projected to reach USD 820.94 Billion by 2032, growing at a CAGR of 6.8% during the forecast period 2026 to 2032. The market drivers for the equipment rental market can be influenced by various factors. These may include:Cost-Effectiveness for Businesses: Renting equipment reduces upfront capital expenditure, allowing businesses to manage budgets efficiently And avoid costs associated with ownership, maintenance, And storage.Increased DemAnd in the Construction Sector: Growing construction activities worldwide drive the need for heavy machinery And tools, encouraging companies to rent equipment to meet project deadlines without large investments.Technological Advancements in Rental Equipment: Innovations in equipment enhance performance, safety, And efficiency, attracting more customers to rent the latest models instead of purchasing outdated machinery.

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 heavy construction machinery rental market is experiencing robust growth, driven by several key factors. Increasing urbanization and infrastructure development projects worldwide are fueling demand for heavy equipment, making rental a cost-effective solution compared to outright purchase. This is particularly true for smaller construction firms and those undertaking short-term projects. Furthermore, technological advancements in machinery, such as the incorporation of advanced sensors and automation, are improving efficiency and safety, further enhancing the appeal of rental services. The market's growth is also being shaped by evolving rental business models, including subscription services and flexible lease agreements that cater to diverse project needs and budgets. Leading players like United Rentals, Sunbelt Rentals, and BigRentz are strategically expanding their fleets and service offerings to capitalize on this growth. The rising adoption of telematics and data analytics enables better equipment management and predictive maintenance, optimizing rental operations and minimizing downtime. However, fluctuating fuel prices and economic downturns pose challenges to market stability. Competition among established players and emerging rental providers also requires ongoing adaptation and innovation to maintain market share. Despite potential restraints, the long-term outlook for the heavy construction machinery rental market remains positive, largely fueled by sustained infrastructure spending and government initiatives promoting economic development. Regional variations in growth rates are anticipated, with rapidly developing economies in Asia and the Middle East experiencing higher demand. The increasing adoption of sustainable practices in the construction industry, including the use of electric or hybrid equipment, is also shaping the market landscape. Rental companies are responding to these trends by incorporating environmentally friendly equipment into their fleets and offering specialized services that cater to sustainability goals. The continued focus on improving safety standards within the construction industry, driven by regulatory requirements and heightened awareness, also underpins the growth of the rental sector, as rental companies are increasingly responsible for ensuring the safe operation of their equipment.

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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?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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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 Construction Equipment Rental market size reached USD 121.4 Billion in 2024 and is expected to reach USD 185.6 Billion in 2034 registering a CAGR of 4.3%. Construction Equipment Rental industry report classifies global market by share, trend, growth and based on equipment type, product ty...

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.

After declining to ** billion U.S. dollars in 2020, the construction and industrial equipment rental market in the United States is not expected to reach its 2019 levels until 2023. The total equipment rental market was sized at **** billion U.S. dollars in 2020.