Construction Equipments Rental market is anticipated to grow at a CAGR of 9.4% during the forecast period (2024-2031). The global construction equipment rental market refers to the industry that provides construction machinery and equipment to contractors and construction companies on a rental basis rather than selling the equipment outright. This allows construction firms to access expensive and specialized equipment without the financial burden of purchasing it.
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The global construction equipment rental market is experiencing growing demand such as infrastructure development initiatives, rapid urbanization, and the need for cost-efficient solutions. Construction companies increasingly opt for renting equipment due to its flexibility, scalability, and ability to access advanced technology without significant upfront investment. The trend towards environmental sustainability and energy efficiency encourages the adoption of rental equipment with eco-friendly features. Additionally, the market benefits from opportunities in disaster recovery and reconstruction efforts worldwide. By catering to these demands and trends, construction equipment rental companies can capitalize on expanding markets and contribute to sustainable development goals. For instance, in February 2024, The global construction equipment rental market value is projected to reach US$ 121 billion in fiscal 2022, rising from US$ 115 billion in fiscal 2021, reflecting a 4.3% year-over-year growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Construction Equipment Rental Market by Equipment
- Earthmoving
- Material Handling
- Road Building & Concrete
Global Construction Equipment Rental Market by Product
- Backhoes
- Excavators
- Loaders
- Crawler Dozers
- Cranes
- Others (Concrete Pumps, Compactors)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Access Industries
- Ahern Rentals, Inc.
- Aktio Corp.
- American Equipment Co. (Ameco)
- Ashtead Group Plc
- Battlefield Equipment Rentals
- Boels Rentals
- Caterpillar Inc.
- Conquest Equipment
- Cramo Group
- Finning
- GEAR
- Gemini Equipment and Rentals
- H&E Equipment Services, Inc
- Herc Holdings Inc.
- Hub Equipmen
- R. Construction Equipment Sales & Rentals
- John Deere
- Kanamoto Co. Ltd.
- Kiloutou Group
- Komatsu Ltd.
- Liebherr
- Loxam group
- Maxim Crane Works, L.P.
- Mitsubishi Corporation
- Neff Rental
- Nikken
- Nishio Rent All Co. Ltd.
- Quippo
- Ramirent Pic
- Sarens NV
- Speedy Hire Plc
- Sunbelt
- Sunstate Equipment Company
- Taiyokenki Rental Co., Ltd.
- United Rentals Inc.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global construction equipment rental market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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