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).

Over the upcoming decade, the size of the global construction equipment rental market is expected to increase to almost *** billion U.S. dollars by 2027. The European construction equipment rental market is forecasted to generate over ** billion U.S. dollars in that year.

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

Revenue from the global construction equipment rental market is estimated to reach US$ 131.2 billion in 2024. The market has been projected to climb to a value of US$ 201.81 billion by the end of 2034, expanding at a CAGR of 4.4% between 2024 and 2034.

Report Attribute	Detail
Construction Equipment Rental Market Size (2024E)	US$ 131.2 Billion
Forecasted Market Value (2034F)	US$ 201.81 Billion
Global Market Growth Rate (2024 to 2034)	4.4% CAGR
North America Market Share (2024E)	27.6%
East Asia Market Value (2024E)	US$ 26.63 Billion
Earth Moving Machinery Segment Value (2034F)	US$ 110.39 Billion
Residential Construction Segment Value (2034F)	US$ 73.66 Billion
Key Companies Profiled	Titan Machinery Inc.; Associated Equipment Rentals Pvt. Ltd.; HSS ProService Ltd.; Kanamoto Co. Ltd.; United Rentals Inc.; Finning International Inc.; Herc Holdings Inc.; Aktio Corp.; Komatsu Ltd.; Sunstate Equipment Co., LLC; Cramo; Texas First Rentals.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 28.57 Billion
Growth Rate (2024 to 2034)	4.4% CAGR
Projected Value (2034F)	US$ 43.98 Billion

Attribute	Japan
Market Value (2024E)	US$ 5.89 Billion
Growth Rate (2024 to 2034)	4.8% CAGR
Projected Value (2034F)	US$ 9.45 Billion

Category-wise Insights

Attribute	Earth-Moving Machinery
Segment Value (2024E)	US$ 71.64 Billion
Growth Rate (2024 to 2034)	4.4% CAGR
Projected Value (2034F)	US$ 110.39 Billion

Attribute	Commercial Construction
Segment Value (2024E)	US$ 48.41 Billion
Growth Rate (2024 to 2034)	4.3% CAGR
Projected Value (2034F)	US$ 73.66 Billion

Each segment of the global construction equipment rental market is expected to grow between 2019 and 2026. Yet, the concrete equipment segment of this market is forecasted to follow a stronger growth path than the other segments. By 2026, the concrete equipment segment of the global construction equipment rental market will reach roughly ** billion U.S. dollars in size, up from ** billion U.S. dollars in 2019.

The report covers GCC Heavy Equipment Rental Companies and the market is segmented by vehicle type (earthmoving equipment and material handling), propulsion type (IC engine and hybrid drive), and Country (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). The report offers the size and forecast for the GCC Construction Equipment/Machinery Rental Market in value (USD) for all the above segments.

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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 Market Report Covers Construction Equipment Rental Companies in India and is Segmented by Vehicle Type (Earth Moving Equipment, Material Handling), and by Drive (IC Engine and Hybrid Drive). The Report Offers Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.

Global Construction Equipment Rental market size is expected to reach $136.02 billion by 2029 at 5.5%, booming construction industry fuels growth in equipment rental market

The global construction equipment rental market size was worth over USD 151.61 billion in 2025 and is poised to witness a CAGR of over 5.7%, crossing USD 263.92 billion revenue by 2035, driven by Large-scale Implementation of Infrastructure Development Programs

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 is projected to expand at a CAGR of 4.85% during the forecast period of 2025-2033, reaching a value of approximately $134.88 billion by 2033. Key drivers of market growth include rising infrastructure investment, increasing demand for rental equipment in emerging economies, and the adoption of advanced technologies such as telematics and GPS tracking. The construction equipment rental market is segmented by vehicle type (earthmoving equipment, material handling), drive type (IC engine, hybrid type), and region (North America, Europe, Asia Pacific, South America, Middle East and Africa). North America currently holds the largest market share, but Asia Pacific is expected to experience the fastest growth over the forecast period due to rapid urbanization and increasing infrastructure development in the region. Key players in the market include Ashtead Group PLC, Hitachi Construction Machinery, Nishio Rent All Co, Kanamoto Co Ltd, Loxam, CNH Industrial, Sumitomo Corp, H&E Equipment Services Inc, Liebherr International AG, HSS Hire Group PLC, Herc Rentals Inc, Cramo Oyj, Caterpillar, and United Rentals Inc. 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.

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.

Companies in the tool and equipment rental industry rent out various tools, from contractor equipment to home repair and gardening tools. Construction markets have experienced significant volatility over the past five years. In 2020, residential construction strengthened significantly, while commercial construction suffered amid the onset of COVID-19. Industry revenue has fallen as elevated interest rates have curbed construction activity recently. Overall, industry revenue dipped at a CAGR of 1.4% to $4.7 billion through the end of 2024, including an estimated 1.4% drop in 2024 alone. The consumer market has been a bright spot for lessors, as households have borrowed more small DIY (do-it-yourself) and gardening tools to touch up their homes. Most of these projects stemmed from excessive leisure time during the pandemic. While many consumers have gone back to work, the ease of renting a tool for short-term use remains more attractive than purchasing a product they might only use once or twice. For larger projects, contractors continue to rent tools for the same reason: it is more cost-effective. Industry profit has stagnated amid uneven demand from downstream markets. Construction activity is set to renew through the end of 2029 as economic uncertainty wanes and interest rates drop. More investors and businesses will start projects they had put off amid high interest rates. Homeowners will continue calling contractors or renting equipment to touch up their homes to strengthen their values. Overall, revenue for the tool and equipment rental industry is set to climb at a CAGR of 2.6% to $5.3 billion in 2029.

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.

Find detailed analysis in Market Research Intellect's Construction Equipment Rental Market Report, estimated at USD 100 billion in 2024 and forecasted to climb to USD 150 billion by 2033, reflecting a CAGR of 5.0%.Stay informed about adoption trends, evolving technologies, and key market participants.

Global Heavy Construction Machinery Rental market size is expected to reach $89.2 billion by 2029 at 7.3%, surge in construction and mining activities fuels heavy construction machinery rental market growth

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 construction equipment rental market is projected to reach a valuation of approximately USD 145 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033.