Press release
Construction Equipment Rental Market Size, Industry Trends, Revenue, Top Companies, Forecast Report 2024-2032
IMARC Group, a leading market research company, has recently releases report titled "Construction Equipment Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" the global construction equipment rental market size reached US$ 116.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 188.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.Request For Sample Copy of Report: https://www.imarcgroup.com/construction-equipment-rental-market/requestsample
Factors Affecting the Growth of the Construction Equipment Rental Industry:
Cost-Effective Solutions:
Purchasing construction equipment requires a significant upfront capital investment. For many construction companies, especially smaller ones, this can be a financial burden. Rental options eliminate the need for large capital expenditures, freeing up funds for other essential aspects of the business. Owning construction equipment involves ongoing expenses, such as maintenance, repairs, insurance, and storage while renting equipment transfers these responsibilities to the rental provider, reducing the total cost of ownership.
Technological Advancements:
Technological innovations are leading to the development of construction equipment with advanced features. Renting enables construction companies to access machinery equipped with state-of-the-art technology, such as global positioning system (GPS) tracking, telematics, and automated control systems. These features enhance efficiency and productivity on construction sites. Modern construction equipment is designed to be more fuel-efficient, reducing operational costs. Rental companies often offer newer, fuel-efficient models, which appeal to environment conscious people and those looking to minimize fuel expenses.
Global Urbanization:
Urbanization often leads to the expansion and development of infrastructure, including roads, bridges, airports, and public transportation systems. These projects require a wide range of construction equipment, catalyzing the demand for rentals. As cities are growing, there is a rising need for residential and commercial real estate. Construction equipment is essential for building apartments, office complexes, and retail spaces, driving the demand for rental equipment in the real estate sector.
Leading Companies Operating in the Global Construction equipment rental Industry:
Ahern Rentals Inc.
Boels Rental
Caterpillar Inc.
Finning International Inc.
H&E Equipment Services Inc.
Herc Rentals Inc.
Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.)
Liebherr-International AG
Nishio Rent All Vietnam Co. Ltd
Ramirent Oy
United Rentals Inc. Kanamoto Co. Ltd.
Explore Full Report: https://www.imarcgroup.com/construction-equipment-rental-market
Construction Equipment Rental Market Report Segmentation:
By Equipment Type:
Earthmoving
Excavator
Loader
Backhoe
Motor Grader
Others
Material Handling
Crawler Crane
Trailer-Mounted Crane
Truck-Mounted Crane
Concrete and Road Construction
Earthmoving represented the largest segment as construction projects often require a wide range of earthmoving equipment, such as excavators, bulldozers, and loaders.
By Propulsion System:
Electric
ICE
ICE accounted for the largest market share due to the utilization of traditional diesel and gasoline-powered construction equipment.
By Application:
Residential
Commercial
Industrial
On the basis of application, the market has been classified into residential, commercial, and industrial.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific enjoys the leading position in the construction equipment rental market on account of its rapid urbanization and large-scale infrastructure projects.
Global Construction Equipment Rental Market Trends:
The ongoing trend of global urbanization is catalyzing the demand for construction equipment rental as cities are expanding, along with the development of infrastructure and real estate projects. The integration of advanced technology, such as telematics, automation, and digital platforms, into rental equipment is enhancing efficiency and safety.
Growing environmental concerns are leading to a shift towards eco-friendly equipment in rental fleets, aligning with sustainability goals. Rental providers are also offering more flexible rental options, including short-term, long-term, and rent-to-own arrangements, catering to diverse consumer needs.
Other Key Points Covered in the Report:
COVID-19 Impact
Porters Five Forces Analysis
Value Chain Analysis
Strategic Recommendations
Also Browse:
• https://www.imarcgroup.com/agriculture-equipment-market
• https://www.imarcgroup.com/mining-equipment-market
• https://www.imarcgroup.com/elevator-escalator-market
• https://www.imarcgroup.com/swimming-pool-construction-market
• https://www.imarcgroup.com/wood-coating-market
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Construction Equipment Rental Market Size, Industry Trends, Revenue, Top Companies, Forecast Report 2024-2032 here
News-ID: 3360051 • Views: …
More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview
Market Size in 2024: USD 266.2 Million
Market Size in 2033: USD 422.9 Million
Market Growth Rate 2025-2033: 5.3%
According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a…

GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview
Market Size in 2024: USD 73.31 Billion
Market Size in 2033: USD 147.77 Billion
Market Growth Rate 2025-2033: 7.50%
According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by…

GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview
Market Size in 2024: USD 588.2 Million
Market Size in 2033: USD 2,005.3 Million
Market Growth Rate 2025-2033: 13.3%
According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of…

Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview:
The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach…
More Releases for Rent
Mobile Phone Rental Market Future Business Opportunities 2025-2032 | Phone Rent, …
The Mobile Phone Rental Market is projected to reach USD 22.24 billion by 2032, growing at a CAGR of 18.91% during the forecast period 2025 to 2032
According to a new report by Coherent Market Insights, titled "Mobile Phone Rental Market Size 2025, provides insightful information about regional and international markets that are anticipated to expand between 2025 and 2032. This thorough study looks at the competitive landscape, value chain analysis,…
Rent-to-Own Market: Investors Still Miss the Big Assessment| Rent-A-Center, Aaro …
According to HTF Market Intelligence, the Global Rent-to-Own market to witness a CAGR of 4.63% during the forecast period (2024-2030). The Latest Released Rent-to-Own Market Research assesses the future growth potential of the Rent-to-Own market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally,…
Superior Forklifts Available For Rent At Rent Equip
Summary: Rent good quality and well-maintained Fork Lifts In Hagerstown, MD, and Forklifts in ShippensburgPA, to complete your projects with better convenience and economic freedom.
Rent Equip …
Luxury Car Rental Market SWOT Analysis by Top Key Players | Europcar, Unidas, Ca …
Luxury Car Rental Market research report covering the current trend and effect on the business of COVID-19. This intelligence report includes investigations based on Current scenarios, Historical records, and future predictions. The thorough research report contains all the vital information about the Luxury Car Rental market, such as market share, CAGR, driving factors, and other key impacting factors. All these factors are combined in the research to offer the best…
Rent Car in Jaipur
For what reason would it be a good idea for you to utilize Car Hire in Jaipur administration?
You will very much want to shop in Jaipur with the various stores around the city. The shopping climate in Jaipur is insane nearly the whole year independent of any event or celebration. A wide range of things are accessible in extravagant styles of the Jaipur history on the road shops of…
Car Rentals Market Growth Strategies and Innovative Technology Transformation by …
Worldwide Market Reports has announced the addition of the "Car Rentals Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Car Rentals Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The emergence of own-brand digital ordering platform has been trending in the global Car Rentals market. Car Rentals such as…