Construction Equipment Rental Market Report 2026

The construction equipment rental market size has grown strongly in recent years. It will grow from $109.81 billion in 2025 to $116 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rising infrastructure development activities, increasing cost burden of equipment ownership, growth of large construction projects, expanding contractor preference for rentals, rising need for flexible equipment availability.

The construction equipment rental market size is expected to see strong growth in the next few years. It will grow to $142.91 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing urban development initiatives, increasing industrial and commercial construction projects, rising focus on reducing capital expenditure, expansion of mega infrastructure investments, strengthening reliance on rental based project execution. Major trends in the forecast period include growing shift toward flexible equipment access models, rising demand for cost efficient construction solutions, increasing adoption of large scale rental fleets, expansion of rental support for infrastructure projects, strengthening focus on operational cost optimization.

The expanding construction industry is anticipated to drive the growth of the construction equipment rental market in the coming years. Construction activity refers to the accelerated development of infrastructure, commercial projects, and residential buildings, which increases the demand for cost-effective access to equipment. The construction industry is growing as rising infrastructure investments fuel the need for new buildings, transportation systems, utilities, and urban development projects, leading to heightened construction activity. Construction equipment rental supports this expanding industry by offering quick, flexible, and economical access to a broad range of advanced machinery, allowing contractors to scale operations rapidly, lower capital investment, reduce maintenance responsibilities, and shorten project timelines to meet increasing infrastructure and development requirements. For example, in February 2025, according to the US Census Bureau, a US-based government statistical agency, construction spending in December 2024 was estimated at a seasonally adjusted annual rate of $2.19 trillion, representing a 4.3% increase compared to the December 2023 estimate of $2.1 trillion. As a result, the growth of the construction industry is fueling the expansion of the construction equipment rental market.

Key companies operating in the construction equipment rental market are increasingly concentrating on the use of advanced technologies, such as machine learning and augmented reality-based digital tools, to improve operational efficiency, decision-making, and jobsite planning. Machine learning and augmented reality-based digital tools are integrated solutions that apply predictive algorithms and real-time 3D visual overlays on mobile devices to support rental planning. These tools enable features such as recommending appropriate equipment based on customer order history, jobsite conditions, seasonal patterns, and industry trends, as well as visualizing three-dimensional models of machinery on the jobsite prior to booking. For instance, in August 2025, United Rentals Inc., a US-based construction equipment rental provider, introduced Smart Suggestions and Equipment Fit Augmented Reality, a machine learning and augmented reality-driven digital platform designed to help customers make quicker and more confident rental decisions while improving jobsite planning. The platform offers predictive equipment recommendations that allow users to bypass extensive catalog searches and provides virtual placement of equipment models on jobsites through mobile devices. Smart Suggestions and Equipment Fit Augmented Reality enhance decision-making speed, reduce the time required to identify and order suitable equipment, and help prevent incorrect equipment selection and layout challenges in confined or restricted-access areas.

In June 2025, Herc Holdings, Inc., a US-based equipment rental company, acquired H&E Equipment Services for approximately $5.3 billion. Through this acquisition, Herc sought to broaden its market presence and strengthen its position across key North American rental markets by integrating fleets and operational networks. H&E Equipment Services Inc. is a US-based equipment rental company that focuses on providing construction and industrial equipment rental services, including heavy equipment, aerial work platforms, cranes, and material-handling equipment, to customers across construction and industrial sectors.

Major companies operating in the construction equipment rental market report are H&E Equipment Services Inc., Maxim Crane Works LLP, Boels Rentals NV, United Rentals Inc., Ashtead Group plc, Loxam Group, Herc Holdings Inc., Kanamoto Co Ltd., Taiyokenki Rental Co. Ltd., Cramo Group, Ramirent PLC, Kiloutou SAS, Speedy Hire plc, Nishio Rent All Co. Ltd., Ahern Rentals Inc., Nikken Corporation, Sunstate Equipment Co. LLC, Neff Rental LLC, BlueLine Rental Holdings Inc., BigRentz Inc., Sunbelt Rentals Inc., Herc Rentals Inc., NES Rentals Holdings Inc., Romco Equipment Co. LLC.

North America was the largest region in the construction equipment rental market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction equipment rental market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the construction equipment rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The construction equipment rental market consists of revenues earned by entities that rent out construction-related machinery, equipment, and tools to other contractors and professionals for a flat rate on a daily, weekly, or monthly basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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