The Construction Equipment Rental Market was valued at USD 204.06 billion in 2024, and is projected to reach USD 280.13 billion by 2030, rising at a CAGR of 5.60%. Increasing government spending on infrastructure projects and rising Foreign Direct Investment (FDI) in the building sector for skyscrapers, motorways, bridges, and smart cities is driving the growth. The market for renting construction equipment is expanding as a result of ongoing technological advancements that result in modern construction tools that focus on projects and streamline the entire construction process. Small and medium-sized construction enterprises and contractors are encouraged to use rental construction equipment due to the higher total cost of ownership of modern construction equipment and machines. Additionally, construction equipment leasing offers a cost-effective substitute for purchasing for construction companies since it lowers the costs of ownership such as maintenance, repair, insurance, and storage.
The pandemic led to a global lockdown and disrupted the supply chain, which had a significant impact on the industrial, building, and mining industries. Following the pandemic, problems with the supply of skilled labor, rising raw material prices, and high EMIs have exacerbated uncertainty in the construction business, slowing expansion. The market for construction rental equipment is expanding as a result of larger construction enterprises migrating to renting equipment in order to prevent risk aversion and lessen uncertainty.
Asia-Pacific is expected to witness a high pace of growth during the forecast period. The major participants in the Chinese construction equipment rental market are concentrating on creating cutting-edge machinery that uses less fuel, produces more, and minimizes machine downtime, driving the growth of the construction equipment rental market. Additionally, the Indian government is making significant investments in expansive infrastructure projects to strengthen the nation's economy; as a result, these factors are anticipated to support the expansion of the construction equipment market in the area.
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The pandemic led to a global lockdown and disrupted the supply chain, which had a significant impact on the industrial, building, and mining industries. Following the pandemic, problems with the supply of skilled labor, rising raw material prices, and high EMIs have exacerbated uncertainty in the construction business, slowing expansion. The market for construction rental equipment is expanding as a result of larger construction enterprises migrating to renting equipment in order to prevent risk aversion and lessen uncertainty.
Asia-Pacific is expected to witness a high pace of growth during the forecast period. The major participants in the Chinese construction equipment rental market are concentrating on creating cutting-edge machinery that uses less fuel, produces more, and minimizes machine downtime, driving the growth of the construction equipment rental market. Additionally, the Indian government is making significant investments in expansive infrastructure projects to strengthen the nation's economy; as a result, these factors are anticipated to support the expansion of the construction equipment market in the area.
Construction Equipment Rental Market Report Highlights
- Earthmoving machinery led the market and accounted for 54.7% in 2024. The concrete and road construction machinery segment is anticipated to register the highest growth rate over the forecast period.
- The ICE segment accounted for the largest market revenue share in 2024. Electric is expected to register the highest growth rate over the forecast period.
- The Asia-Pacific market accounted for 49.7% share of the overall market in 2024. The urbanization, expanding infrastructure development, and the rising cost of owning equipment drive rental demand across the region's developed and emerging economies.
- The construction equipment rental industry in Europe was identified as a lucrative region in 2024. Germany's construction equipment rental market is poised for strong growth, supported by robust investment in transport infrastructure, renewable energy, and public utilities.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Construction Equipment Rental Market Variables, Trends, & Scope
Chapter 4. Construction Equipment Rental Market: Product Estimates & Trend Analysis
Chapter 5. Construction Equipment Rental Market: Drive Type Estimates & Trend Analysis
Chapter 6. Construction Equipment Rental Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies featured in this Construction Equipment Rental market report include:- Ahern Rentals Inc.
- AKTIO Corporation
- Caterpillar Inc.
- Byrne Equipment Rental
- Cramo Plc
- Finning International Inc.
- Liebherr-International AG
- Kanamoto Co., Ltd.
- Maxim Crane Works, L.P.
- United Rentals, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | May 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 204.06 Billion |
Forecasted Market Value ( USD | $ 280.13 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |