Global Construction Equipment Rental Market to Reach $189.4 Billion by 2030
The global market for Construction Equipment Rental estimated at US$104.4 Billion in the year 2022, is projected to reach a revised size of US$189.4 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030. Earth Moving Machinery, one of the segments analyzed in the report, is projected to record 7.2% CAGR and reach US$82.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Material Handling Machinery segment is readjusted to a revised 7.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $28.5 Billion, While China is Forecast to Grow at 11.4% CAGR
The Construction Equipment Rental market in the U.S. is estimated at US$28.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$41.5 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.Select Competitors (Total 22 Featured) -
- Ahern Rentals, Inc.
- Aktio Corporation
- Ashtead Group Plc
- Boels Rental
- Cramo Group
- H&E Equipment Services, Inc.
- Herc Holdings Inc.
- Kanamoto Co., Ltd.
- Kiloutou
- Loxam Sas
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ahern Rentals, Inc.
- Aktio Corporation
- Ashtead Group Plc
- Boels Rental
- Cramo Group
- H&E Equipment Services, Inc.
- Herc Holdings Inc.
- Kanamoto Co., Ltd.
- Kiloutou
- Loxam Sas
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 83 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 104.4 Billion |
Forecasted Market Value ( USD | $ 189.4 Billion |
Compound Annual Growth Rate | 7.7% |
Regions Covered | Global |