Press release
Construction Equipment Rental Market: Size Surge, 5.6% CAGR, Key Drivers and Significant Trends
"Updated 2025 Market Reports Released: Trends, Forecasts to 2034 - Early Purchase Your Competitive Edge Today!The growing construction sector propels the market while eying technological and sustainable shifts in the forecast period.
What Is The Projected Market Size Of The Global Construction Equipment Rental Market And Its Growth Rate?
• The construction equipment rental market's size saw a strong growth rising from $105.1 billion in 2024 to $110.55 billion in 2025, with a 5.2% CAGR. This growth was due to increased demands in the construction sector.
• The market size is forecasted to hit $137.69 billion in 2029, registering a 5.6% CAGR. This anticipated growth credits the increasing adoption of rental equipment in diverse sectors, the need for sustainable equipment, operational adaptability, and the rise of telematics and IoT in the rental sector.
What Is Driving The Growth In The Construction Equipment Rental Market?
The flourishing construction industry is steering the growth of the construction equipment rental market. Rising due to urbanization, numerous infrastructural projects, and a booming population base, the construction sector employs various equipment such as tower cranes and batching plants. Renting these equipment aids contractors in reducing the cost of purchase and maintenance. For instance, in 2024, Eurostat noted a 0.1% increase in building production in the EU. Similarly, the US Census Bureau stated a surge in the value of construction activities from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Consequently, the booming construction sector fuels the equipment rental market.
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Who Are the Key Players Driving Construction Equipment Rental Market Growth?
• H&E Equipment Services Inc.
• Maxim Crane Works LLP
• Boels Rentals NV
• United Rentals Inc.
• Ashtead Group plc
• Loxam Group
• Herc Holdings Inc.
• Aktio Corporation
• Kanamoto Co Ltd.
• Taiyokenki Rental Co. Ltd.
• Cramo Group
• Ramirent PLC
• Kiloutou SAS
• Speedy Hire plc
• Nishio Rent All Co. Ltd.
• The Hertz Corporation
• Ahern Rentals Inc.
• Nikken Corporation
• Sunstate Equipment Co. LLC
• Neff Rental LLC
• BlueLine Rental Holdings Inc.
• BigRentz Inc.
• Sunbelt Rentals Inc.
• The Home Depot Inc.
• Rentals ProContractor
• Herc Rentals Inc.
• Aggreko plc
• NES Rentals Holdings Inc.
• Romco Equipment Co. LLC
• Mobile Mini Inc.
What Are The Key Trends In The Construction Equipment Rental Market?
• Advancements in technology and logistics infrastructure.
• Partnerships between rental companies and construction tech providers.
• Adoption of advanced rental software for fleet management.
• Technological advancements in construction equipment.
• Emergence of online platforms for rental transactions.
What Are The Segments Of The Global Construction Equipment Rental Market?
1) By Equipment: Earthmoving, Material Handling, Road Building And Concrete
2) By Product: Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers
3) By Application: Residential, Commercial, Industrial
Which Region Leads The Construction Equipment Rental Market?
North America stood as the largest region in the construction equipment rental market in 2024, with Asia-Pacific expected to register the fastest growth in the forecast period. The report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Construction Equipment Rental Market Global Market Report?
- Market Size Analysis: Analyze the Construction Equipment Rental Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Construction Equipment Rental Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Construction Equipment Rental Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Construction Equipment Rental Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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