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).

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).

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

Graph and download economic data for Producer Price Index by Industry: Other Heavy Machinery Rental and Leasing: Construction Equipment Rental and Leasing (PCU5324125324121) from Dec 2003 to Sep 2025 about heavy weight, leases, rent, machinery, equipment, construction, PPI, industry, inflation, price index, indexes, price, and USA.

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.

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).

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.

Construction Equipment Rental Market size is growing with a CAGR of 5.1% in prediction period & it crosses USD 372.09 Bn by 2032 from USD 262.68 Bn in 2025.

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 rental of construction machinery and equipment has developed positively over the past five years. Overall, the industry has grown at an average rate of 5.2% per year since 2020. In the current year, the industry's total turnover is also likely to increase moderately despite the ongoing economic weakness in building construction since 2022. IBISWorld expects it to amount to €6.8 billion, which corresponds to an increase of 2.4% compared to the previous year. The profit margin of industry players is currently below the average of the past five years. This development is due to the significant rise in costs for operating materials and supplies since the Russian invasion of Ukraine, as well as an increase in personnel expenses over time.Many customers of construction machinery rental companies, such as construction firms, are increasingly focussing on flexibility and cost efficiency when procuring machinery. They rent machines more often because they shy away from the capital commitment associated with purchasing construction machinery. However, new, partly digital rental and sales models have also made the rental of construction machinery more attractive. Accordingly, the majority of industry players have had well-utilised machine fleets in recent years.In the coming years, IBISWorld also expects slight growth in the sector. At the same time, changes in the industry structure are becoming apparent. On the one hand, these developments are being driven by the increasing spread of digital business models, while on the other, international players are increasingly forcing their way into the industry, which is traditionally characterised by SMEs, and intensifying competition for many smaller companies in the sector. Increased customer requirements in terms of machine availability and service quality are coming up against an industry that has been quite fragmented to date, which is likely to encourage consolidation trends in the long term. IBISWorld anticipates an average annual growth rate of 2% in the period from 2025 to 2030. Industry turnover is expected to amount to 7.5 billion euros in 2030.

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 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...

Snapshot img

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.
Request Free Sample

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

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 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 size is estimated to grow at a CAGR of around 5.8% during the forecast period 2024-30. The shifting trend towards rental services is a key trend shaping the growth of the Construction Equipment Rental Market.

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 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%.

The global construction, industrial & heavy equipment rental market is booming, projected to reach $250 billion by 2033. Learn about key drivers, market trends, leading companies (United Rentals, Ashtead Group, etc.), and regional insights in this comprehensive analysis. Discover growth opportunities in this dynamic sector.