The apartment rental market in the United States has been stagnating since 2019, after increasing year-on-year for several years. In 2022, the estimated market size of apartment rental was 253.4 billion U.S. dollars, down from 255.3 billion U.S. dollars in 2021. In 2023, the market is forecast to further contract by one percent, reaching 251.1 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 three percent to 47.8 billion U.S. dollars. By 2024, the U.S. equipment rental market is expected to exceed the peak level recorded in 2019.

The global car rental market, driven by the demand for mobility solutions and the convenience of vehicle rental services, is witnessing significant industry growth. Innovations by the largest rental car companies and the rise of online platforms have enhanced customer experiences, offering flexibility and streamlined booking processes. Market segments like short-term rentals and economy cars are thriving due to their affordability, appealing to a broad customer base. North America and Asia-Pacific are key contributors to this expansion, with the latter poised for rapid growth. Additionally, the industry is adapting to urban mobility changes by incorporating eco-friendly vehicles and exploring peer-to-peer car sharing, aligning with a shift towards sustainable and user-centric mobility options. This evolution, detailed in our comprehensive report PDF, indicates that vehicle rental services will play a crucial role in the future of transportation. For detailed industry statistics on market size, price trend, and revenue growth, refer to Mordor Intelligence™ Industry PDF, with detailed market analysis and forecasts available in a free report PDF download, highlighting the potential and dynamics of the global car rental industry. Adding to this, our annual report will provide a deeper dive into the industry statistics, market cap and industry worth, showcasing size global and price trends. This profile PDF includes essential market data to help stakeholders understand the current state and future prospects of the car rental market.

  Car Rental Report Covers the Following Countries: USA, United States, US, Canada, DE, Germany, German, UK, United Kingdom, FR, France, French, ES, Spain, Spanish, IN, India, Indian, China, Chinese, JP, Japan, Japanese, KR, South Korea, South Korean, SA, South America, South American, MEA, Middle East and Africa, Middle Eastern and African, MENA, Middle East, Middle Eastern, Africa, African

Explore the Real Estate Rental Market trends! Covers key players, growth rate 7.4% CAGR, market size $3877.45 Billion, and forecasts to 2034. Get insights now!

According to a report published by Future Market Insights, the online home rental market is poised to expand to a valuation of US$ 18.24 billion in 2023 and is anticipated to exhibit a CAGR of 14% from 2023 to 2033 and reach US$ 77.09 billion in 2033.

The global car rental market size reached USD 83.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 105.7 Billion by 2033, exhibiting a growth rate (CAGR) of 2.6% during 2025-2033. The market is experiencing steady growth driven by the escalating need for cost-effective and short-term mobility options, the expanding middle class in emerging economies, and continuous technological advancements, particularly the integration of smart technologies and online platforms.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on booking type, rental length, vehicle type, application, and end-user.

After negative growth in the year before, 2021 was the year which saw the highest yearly growth rate in the rental apparel market at approximately 27 percent. Growth is expected to slow in the following years and By 2026 the growth rate in the rental apparel market is expected to change to approximately 4 percent. This increase in the rented apparel market growth rate represents a trend towards non-traditional, sharing economy business models within the apparel industry.

The United States power rental market size reached USD 6.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.56% during 2025-2033.

IMARC Group provides an analysis of the key trends in each segment of the United States power rental market report, along with forecasts at the region levels from 2025-2033. Our report has categorized the market based on equipment type, fuel type, power rating, application and end use industry.

Access the summary of the Car Rental market report, featuring key insights, executive summary, market size, CAGR, growth rate, and future outlook.

Explore the Consumer Goods And General Rental Centers Market trends! Covers key players, growth rate 8.2% CAGR, market size $264.5 Billion, and forecasts to 2034. Get insights now!

The Pop-Up Tent Rental market has emerged as a vital component of various outdoor events and gatherings. These versatile structures cater to a myriad of needs across different sectors, including festivals, weddings, corporate functions, and recreational activities. They provide shelter, branding opportunities, and e

The Crane Rental Market Share size and share are expected to exceed USD 82.39 billion by 2032, with a compound annual growth rate (CAGR) of 5.0% during the forecast period.

This statistic shows the value of the apparel rental market in the United States from 2012 to 2028. In 2018, the U.S. apparel rental market was valued at approximately 1 billion U.S. dollars, and was forecast to reach a value of around 4.4 billion U.S. dollars by 2028.

The global construction equipment rental market size reached USD 122.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 200.8 Billion by 2033, exhibiting a growth rate (CAGR) of 5.04% during 2025-2033. The market is experiencing steady growth driven by the growing demand for flexible rental agreements, rising focus on cost-efficiency in construction projects, and integration of advanced technologies to enable real-time monitoring of machinery while providing data on performance.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on equipment type, propulsion system, and application.

India power rental market size is projected to exhibit a growth rate (CAGR) of 5.04% during 2025-2033. The growing urbanization and industrial activities, which lead to an increased demand for temporary power solutions during construction projects and infrastructure development, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on fuel type, equipment type, power rating, application, and end use industry.

The Gas Detection Equipment Rental market plays a crucial role in various industries, including oil and gas, construction, manufacturing, and environmental monitoring, where the safety of workers is a top priority. By providing access to state-of-the-art gas detection devices without the need for significant capital

According to Cognitive Market Research, the global Heavy Equipment Rental market size will be USD 127154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 50861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 38146.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 29245.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6357.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2543.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The construction application category is currently the fastest-growing segment within the heavy equipment rental market. This rapid growth can be attributed to the global surge in infrastructure development

Market Dynamics of Heavy Equipment Rental Market

Key Drivers for Heavy Equipment Rental Market

Surge in Infrastructure Development and Urbanization to Boost Market Growth

The heavy equipment rental market is being significantly driven by the rapid surge in global infrastructure development and urbanization. Emerging economies, in particular, are witnessing a robust increase in government and private sector investments in large-scale construction projects such as highways, bridges, and commercial buildings. This expansion in infrastructure requires high-capacity machinery, and rental services offer a flexible and cost-efficient solution, enabling companies to scale their equipment needs based on project demands. The ability to rent instead of purchasing reduces financial burdens, allowing construction companies to manage resources more efficiently in an increasingly competitive market. For instance, in December 2023, the Minister of Road Transport and Highways of India unveiled Asia's first construction machine powered by hydrogen by JCB, which is part of JCB's USD 100 million investment to reduce the carbon footprint in construction

Growing Preference for Operational Efficiency and Cost Reduction to Drive Market Growth

Another key driver is the rising focus on improving operational efficiency while minimizing capital expenditure. Purchasing heavy equipment not only requires significant upfront investment but also entails long-term costs associated with maintenance, storage, and depreciation. In contrast, renting machinery provides companies with the flexibility to access modern, well-maintained equipment without the financial burden of ownership. This trend is especially prominent among small to mid-sized construction firms, which can now compete with larger players by reducing overheads and focusing on project execution. Additionally, rental services provide access to the latest technologies, ensuring equipment is compliant with stringent environmental and operational regulations.

Restraint Factor for the Heavy Equipment Rental Market

High Operating Costs for Rental Companies, will Limit Market Growth

One significant restraint in the heavy equipment rental market is the high operating costs that rental companies face. These businesses must continually invest in acquiring and maintaining a diverse fleet of machinery, which includes regular servicing, repair, and storage expenses. Additionally, keeping up with the latest technological advancements and environmental standards can further strain budgets, as outdated equipment quickly becomes obsolete. The need to meet fluctuating demand, manage downtime, and address depreciation also impacts profitability, making it challenging for rental companies to maintain a cost-effective and sustainable business model.

Impact of Covid-19 on the Heavy Equipment Rental Market

The COVID-19 pandemic had a profound impact on the heavy equipment rental market, causing a temporary slowdown in demand due to halted construction projects and disruptions in supply chains. Strict lo...

Access the summary of the Construction Equipment Rental market report, featuring key insights, executive summary, market size, CAGR, growth rate, and future outlook.

The Machinery Rental market has seen a dynamic evolution over the past few years, catering to various industries that require advanced equipment without the hefty upfront investment. This sector provides businesses with access to a wide range of machinery such as excavators, bulldozers, and generators, enabling them

The Camera Equipment Rental market has emerged as a vital segment of the photography and videography industry, catering to the diverse needs of professionals, hobbyists, and event organizers. By allowing users access to high-quality cameras, lenses, lighting, and other essential gear without the hefty price tag of o