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 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 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 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%

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 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).

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.

The UAE Construction Equipment Rental Market Report is Segmented by Equipment Type (Earthmoving Equipment and Material Handling Equipment), Propulsion (IC Engine and Hybrid and Electric), End-User Industry (Infrastructure, Real Estate, and More), Power Output Rating (less Than 100 HP, 101-200 HP, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume in 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?

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.

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 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.

After suffering a big dip in 2020 due to reduced operations during the coronavirus pandemic, the equipment rental market size in the United States recovered in 2021, growing by ***** percent to **** billion U.S. dollars. By 2024, the U.S. equipment rental market is expected to exceed the peak level recorded in 2019.

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

Check Market Research Intellect's Utility Equipment Rental Market Report, pegged at USD 12.5 billion in 2024 and projected to reach USD 22.3 billion by 2033, advancing with a CAGR of 8.2% (2026-2033).Explore factors such as rising applications, technological shifts, and industry leaders.

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 Medical Equipment Rental Market Report is Segmented by Device Category (Durable Medical Equipment, Surgical and Procedural Equipment, and More), End User (Hospitals and Acute Care Centers, Long-Term Care Facilities, Home Care Patients, and More), Service Type (Long-Term Rentals, Short-Term Rentals), and Geography (North America, Europe, Asia Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

Check Market Research Intellect's Office Equipment Rental Market Report, pegged at USD 5.2 billion in 2024 and projected to reach USD 8.4 billion by 2033, advancing with a CAGR of 6.5% (2026-2033).Explore factors such as rising applications, technological shifts, and industry leaders.

Updated quarterly, benchmarked financial data from 50+ anonymized rental equipment companies in the US. Proactive indicator of equipment rental market trends, and more abstractly construction overall, with a focused indicator on the construction equipment subsegment, including publicly traded equipment manufacturers, rental companies and construction companies.

BASE YEAR	2024
HISTORICAL DATA	2019 - 2023
REGIONS COVERED	North America, Europe, APAC, South America, MEA
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
MARKET SIZE 2024	13.5(USD Billion)
MARKET SIZE 2025	14.3(USD Billion)
MARKET SIZE 2035	25.0(USD Billion)
SEGMENTS COVERED	Application, Equipment Type, End Use, Service Type, Regional
COUNTRIES COVERED	US, Canada, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Mexico, Argentina, Rest of South America, GCC, South Africa, Rest of MEA
KEY MARKET DYNAMICS	Technological advancements, Increased corporate events, Growing demand for live streaming, Cost-effective rental solutions, Rising popularity of virtual events
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Freeman, Verge Solutions, Tech Rentals, AV Rentals, Verge Events, Enivsion Production Group, PSAV, Universal Events, SIXTY, Inc., DOD Technologies, Communications Technologies, MeetingTomorrow, Eventive, InDemand Audio Visual, Bil Jax
MARKET FORECAST PERIOD	2025 - 2035
KEY MARKET OPPORTUNITIES	Increased demand for hybrid events, Growth in corporate event planning, Rise of e-commerce for rentals, Technological advancements in AV equipment, Expansion into emerging markets
COMPOUND ANNUAL GROWTH RATE (CAGR)	5.8% (2025 - 2035)