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 Machinery Rental And Leasing Market report segments the industry into By Type (Mining, Oil And Gas, Forestry Machinery And Equipment Rental, Commercial Air, Rail, Water Transportation Equipment Rental, Heavy Construction Machinery Rental, and more), By Mode (Online, Offline), and By Region (North America, Europe, Asia-Pacific, South America, and more).

The global compact power equipment rental market is anticipated to observe notable growth during the period of 2025 till 2035 owing to surging requirement for cost-efficient and versatile equipment solutions across construction, landscaping, and industrial sectors. Businesses and individuals alike find good value in renting compact power equipment as opposed to purchasing it because it allows them to have access to top quality machinery without the high ownership costs.

The market is forecast to grow USD 223.0 Billion by 2035, at a compound annual growth rate (CAGR) of 6.9% during the forecast period.

Metric	Value
Market Size in 2025	USD 125.7 Billion
Projected Market Size in 2035	USD 223.0 Billion
CAGR (2025 to 2035)	5.9%

Country-Wise Analysis

Country	CAGR (2025 to 2035)
USA	5.4%

Country	CAGR (2025 to 2035)
UK	5.2%

Country	CAGR (2025 to 2035)
European Union (EU)	5.6%

Country	CAGR (2025 to 2035)
Japan	5.3%

Country	CAGR (2025 to 2035)
South Korea	5.4%

Market Share Analysis by Company

Company Name	Estimated Market Share (%)
United Rentals, Inc.	20-25%
Sunbelt Rentals, Inc.	15-20%
Herc Rentals Inc.	10-14%
Home Depot Rental (Compact Power Equipment, Inc.)	8-12%
Loxam Group	5-9%
Other Companies (combined)	30-40%

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.

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

Pages	110
Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

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).

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

The machinery rental revenue is forecast to drop at a compound annual rate of 4.5% over the five years through 2024 to €139.2 billion, including an estimated decline of 1.8% in 2024. The machinery rental market faces increasing challenges, including slower economic growth and tighter monetary policy. For example, Germany's residential housing sector is seeing a drop in apartment building permits. However, a surge in green construction investments in Nordic nations like Sweden and Denmark promises to offset this slump. Significant infrastructure projects across Europe, driven by public sector strategies post-COVID-19 restrictions, offer lucrative opportunities for equipment rental businesses. For instance, Sunbelt Rentals secured a contract to supply machinery for the UK's HS2 project, demonstrating that large-scale projects can drive industry profit despite current market trends.

An increase in passenger traffic at European airports is set to exceed pre-pandemic levels by 9.2% in 2027, according to ACI Europe, spurred on by growth in budget airlines like Vueling and French Bee. This is set to increase demand for improved ground support equipment due to an uptick in aircraft and faster flight turnarounds. Norway's intent to double power output by expanding offshore wind capacity also presents opportunities for boosted equipment rentals. These green energy projects are encouraging rental companies to invest in new construction equipment to maintain strong sales, reflecting industry trends of rising income and market expansion. The machinery rental revenue is forecast to grow at a compound annual rate of 3.8% over the five years through 2029 to €167.7 billion, while the average industry profit margin is expected to reach 22%.

Discover the booming construction equipment rental market! Explore key trends, growth drivers, regional analysis, and leading companies shaping this multi-billion dollar industry. Our in-depth report projects significant expansion through 2033, offering invaluable insights for investors and businesses.

The Tool and Equipment Rental industry has proven its resilience amid persistent economic uncertainty, exhibiting a substantial shift toward rentals over outright purchases among contractors, project managers and homeowners. This trend allows greater access to premium equipment without the high upfront costs or long-term financial commitment. Rental providers are experiencing a gain in demand from both professional and DIY markets, prompting them to expand their inventories. Simultaneously, rental providers are investing in digital rental platforms offering online scheduling, real-time fleet tracking and automated workflows to streamline operations for consumers and commercial clients. Overall, industry revenue has climbed at a CAGR of 3.9% to $5.7 billion through the five years to 2025, including an estimated 2.6% gain in 2025 alone. The industry is benefiting from a more flexible financial ecosystem and the burgeoning DIY culture. Driven by social media platforms—like Instagram, YouTube and TikTok—that deliver quick, inspiring home project ideas, the DIY movement has substantially increased demand for tool and equipment rental. In return, rental companies are increasing promotions on social media and expanding their digital platforms with features using machine learning to offer optimal equipment recommendations based on consumer behavior and seasonal trends. The normalization of the supply chain is reshaping the industry with improved inventory predictability, although labor shortages remain a significant challenge. Cost pressures from rising inflation and persistently high equipment acquisition and maintenance costs have cut into profit. As economic uncertainty continues, the allure of rentals will strengthen. Rental providers will leverage this shift to enhance technology, optimize fleets and offer better services to meet evolving customer expectations. The trend of DIY will remain robust, contributing significantly to industry growth. Sharing economy and subscription models are gaining popularity, offering an innovative way to provide services more flexibly and cost-effectively. Recovering construction activity, spurred by falling interest rates, will strengthen the rental providers' transaction volume and utility and allow them to modernize their fleets. Through the five years to 2030, industry revenue will climb at a CAGR of 2.0% to $6.3 billion in 2030.

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 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.

The global construction machinery rental market is experiencing robust growth, driven by several key factors. The increasing preference for renting over purchasing equipment, particularly among small and medium-sized construction companies, is a major catalyst. This trend is fueled by the flexibility and cost-effectiveness of rental services, eliminating the need for significant upfront capital investment and reducing maintenance burdens. Furthermore, the ongoing growth in infrastructure development projects globally, coupled with rising urbanization and government initiatives to improve infrastructure, significantly contributes to the market's expansion. The diverse range of equipment offered, encompassing excavators, bulldozers, loaders, cranes, and other specialized machinery, caters to a wide spectrum of construction needs, further bolstering market growth. Technological advancements, such as the integration of telematics and automation in rental equipment, are also enhancing operational efficiency and driving demand.
However, the market also faces certain restraints. Economic fluctuations can impact construction activity, directly affecting the demand for rental services. The cyclical nature of the construction industry poses challenges to sustained growth. Moreover, intense competition among established rental companies and the emergence of new players necessitates strategic pricing and service differentiation to maintain market share. Despite these challenges, the long-term outlook for the construction machinery rental market remains positive, driven by continuous infrastructure development, technological innovation, and the evolving preferences of construction businesses towards flexible and cost-effective equipment solutions. Market segmentation by application (construction companies, contractors, government agencies, etc.) and equipment type allows for targeted strategies and understanding of specific customer needs, paving the way for further market expansion. Assuming a conservative CAGR of 5% based on industry trends, the market is poised for substantial growth over the coming decade.

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.

According to Cognitive Market Research, the global Machinery Rental Market size was USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.0 % from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2 % from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Construction Equipment Leasing held the highest Machinery Rental Market revenue share in 2024.

Market Dynamics of Machinery Rental Market

Key Drivers for Machinery Rental Market

Rise of Equipment Rentals Amid Economic Uncertainty< /h4>

Amid the cyclical nature of construction and economic fluctuations, there's a growing trend among firms and industries to opt for equipment rentals. BigRentz notes a significant shift from equipment ownership to renting among contractors and builders. With a looming recession, there's anticipation of increased demand for rentals, steering businesses away from ownership and leasing. Economic volatility prompts cautious spending, making equipment rental an appealing, cost-effective solution, thus fueling market growth.

Infrastructure Development Spurs Machinery Rental Market Growth

Rapid infrastructure development, particularly in emerging economies, is a key driver propelling the machinery rental market forward. Increasing government investments in infrastructure projects, such as road construction, railway expansion, and urban development initiatives, create substantial demand for heavy machinery and equipment. Additionally, the trend towards outsourcing equipment needs rather than investing in ownership aligns with the cost-effectiveness and flexibility requirements of construction firms. This surge in infrastructure projects, coupled with the preference for rental solutions, fuels the growth trajectory of the machinery rental market..

Restraint Factor for the Machinery Rental Market

Impact of Economic Fluctuations on Construction Equipment Leasing

The construction sector's vulnerability to downturns and economic fluctuations impacts the construction equipment leasing market, which experiences cycles aligned with overall economic activity. Economic downturns, marked by reduced consumer demand and lower final production, can trigger recessions, impacting construction activity and, subsequently, the equipment rental market. Thus, fluctuations in construction activity are anticipated to influence the performance of the equipment rental sector directly.

Impact of Covid-19 on the Chlorine analyzer market

The COVID-19 pandemic significantly impacted the equipment rental industry, with lockdown restrictions hindering contractual obligations and causing a sharp revenue decline. Leading players experienced revenue drops due to manufacturing facility closures. However, 2021 saw growth as rental businesses capitalized on uncertainty. Construction firms, facing fluctuating activity, opted for renting over purchasing equipment amid rising commodity prices, labor shortages, and high interest rates. Consequently, the market anticipates increased adoption of rental construction equipment to address sector uncertainties. Introduction of the Machinery Rental Market

The machinery rental market encompasses the leasing of various types of equipment and machinery for construction, industrial, and commercial purposes. This includes earthmoving machinery, aerial work platforms, material handling equipment, and power tools, among others. Market growth dynamics are driven by factors such as increasing infrastructure development projects, rising demand for flexible equipment solutions, and cost-effective alternatives to equipment ownership. Additionally, technological advancements, co...

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.

Discover the booming Construction Machinery Equipment Rental Service market! This comprehensive analysis reveals a $152.38 billion (2025) market poised for significant growth, driven by infrastructure development and technological advancements. Explore regional trends, key players, and future projections.

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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 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.