Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 112.38 Billion |
| USD 161.05 Billion | |
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Global Construction Equipment Rental Market Segmentation, By Equipment Type (Earthmoving, Material Handling, Road Building and Concrete), Drive Type (IC Engine, Hybrid Drive), Product Type (Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers, Others), Application (Residential, Commercial, Industrial) – Industry Trends and Forecast to 2032
Over the recent years, renting or leasing construction equipment has immensely become more popular due to its high cost and difficulty in maintaining it. Moreover, due to the high level of investment, construction companies prefer to hire equipment to reduce project costs. This is a low-cost strategy because it lowers maintenance costs and fewer technical fees. The construction equipment rental market is expanding as a result of increased demand for heavy machinery equipment and global economic growth. Furthermore, as the number of smart city initiatives grows, so will the market, even during the forecast period.
Global construction equipment rental market size was valued at USD 112.38 billion in 2024 and is projected to reach USD 161.05 billion by 2032, with a CAGR of 4.60% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes
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Construction Equipment Rental Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Key Market Players
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H&E Equipment Services, Inc (U.S.), Cramo Group (Finland), Ramirent (Finland), Maxim Crane Works, L.P. (U.S.), Kiloutou Group(France), Sarens NV (Belgium), Taiyokenki Rental Co., Ltd. (Japan), Boels Rentals (Netherlands), Speedy Hire Plc (UK), United Rentals Inc. (U.S.), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (U.S.), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan) Kanamoto Co. Ltd. (Japan), Nishio Rent All Co. Ltd (Japan), Mitsubishi Corporation (Japan), Ahern Rentals (U.S.)
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Market Opportunities
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Construction Equipment Rental Market Definition
Equipment rental, also known as plant hire, is a service industry that rents out machinery, equipment, and tools of various sizes and types (ranging from earthmoving to powered access, power generation to hand-held tools, and so on) to final users, primarily construction contractors but also industry and individual consumers, for a set period. Construction equipment rental is basically leasing construction equipment for a limited time. It assists those who are unable to purchase the construction equipment.
Construction Equipment Rental Market Dynamics
Drivers
The expansion of building and drilling activities, in general, in developing countries, is the primary determinant stimulating the building equipment rental business. Furthermore, the demand for rental equipment for the construction of hospitals, laboratories, health care centers, and clinics has increased. This is expected to drive the construction equipment rental market share trend in a unique way.
The manufacturers of construction equipment are largely focusing on incorporating advanced safety features such as lift assist, 360-degree camera visual, and additional work lights.Also the providing systems improve operational efficiency and require less maintenance, which are projected to bolster the growth of the market.
The high taxes, maintenance, high depreciation costs, and the equipment insurance required by new machines have all contributed to the rising demand for equipment rentals. Because of the high initial purchase cost of new construction machines, contractors and construction companies are shifting to construction equipment rental. Furthermore, additional expenses incurred due to equipment maintenance, excessive operational costs, and high wages of skilled operators can be avoided by renting equipment for the required time, which significantly contributes to the global market's growth.
Opportunities
Furthermore, the emergence of new technologies including digital services for automated service improvements, equipment service tracking, and mapping extend profitable opportunities to the market players in the forecast period of 2025 to 2032. Additionally, the technological advancements in automotive and heavy machinery sectors coupled with the technological enhancements provided by the original equipment manufacturers will further expand the future growth of the construction equipment rental market.
Restraints/Challenges
However, fluctuating fuel prices and the cost of picking up and delivering machinery, particularly if the contractor is working in remote areas, are expected to stymie demand in the construction equipment rental market over the forecast period.
The construction industry is vulnerable to the effects of the recession and economic downturn. The construction equipment rental market is influenced by an economy's business cycles, which go through several business cycles during its lifetime, exhibiting high or low economic activity. The construction industry suffers in a recessionary economy because a lack of consumer demand decreases final output. The consequent decrease in construction activity impacts the construction equipment rental market, which will pose a challenge for the construction equipment rental market growth rate.
This construction equipment rental market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the construction equipment rental market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The construction equipment rental market is segmented on the basis of equipment type, drive type, product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Equipment Type
Drive Type
Product Type
Application
The construction equipment rental market is analyzed and market size insights and trends are provided by country, equipment type, drive type, product type and application as referenced above.
The countries covered in the construction equipment rental market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the construction equipment rental market because of the advancing architecture and construction ventures, notably in India and China, copulated with boosting expenses from indigenous and international investors in the province within the region.
North America on the other hand, is estimated to show lucrative growth during the forecast period of 2025 to 2032 due to the expansion of building and drilling activities in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The construction equipment rental market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to construction equipment rental market.
Construction Equipment Rental Market Leaders Operating in the Market Are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Construction Equipment Rental Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Construction Equipment Rental Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.