Press release
Thriving on Infrastructural Investments: Global Heavy Construction Machinery Rental Market Propelled to $89.04 Billion by 2029
Thriving on Infrastructural Investments
In the clutches of Global construction trends and the advent of green initiatives, the heavy construction machinery rental market gains momentum.
What Is The Projected Market Size of The Global Heavy Construction Machinery Rental Market And Its Growth Rate?
• The heavy construction machinery rental market has exhibited robust growth in recent years, expanding from $62.48 billion in 2024 to an estimated $67.33 billion in 2025 at a CAGR of 7.8%.
• Key growth catalysts during this period include construction and infrastructure projects, the cost-efficiency and flexibility of rentals, short-term project needs, and fluctuating market and economic conditions.
• The market is further projected to balloon to $89.04 billion by 2029 at a CAGR of 7.2%, driven by factors such as infrastructure investments, sustainability and green initiatives, and technological integration in machinery.
What Is Driving The Growth in The Heavy Construction Machinery Rental Market?
The global heavy construction machinery rental market is notably propelled by mounting construction and mining activities. Increasing demand for construction of industrial structures like buildings, power plants, houses, railways, and mining processes necessitates renting of heavy construction machinery. Renting helps in minimizing operational and financial risks by reducing the costs of new equipment and maintenance. For example, the UK's Office for National Statistics noted in May 2024 that total construction new orders escalated by 15.9% to $1,864 billion (£1,436 million) in the first quarter of 2024 compared to the previous quarter. Therefore, these growing activities promise a bright future for the heavy construction machinery rental market.
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Who Are the Key Players Driving Heavy Construction Machinery Rental Market Growth?
• Ashtead Group plc
• United Rentals Inc.
• H&E Equipment Services Inc.
• Kanamoto Co. Ltd.
• Boels Rental Ltd.
• Haulotte Corporate
• and more
What Are The Key Trends In The Heavy Construction Machinery Rental Market?
• Maintenance and service packages
• Collaboration with construction technology providers
• Optimization of rental fleet management
• Ensuring safety and compliance standards
• Offering customer training and support services
What Are The Segments Of The Global Heavy Construction Machinery Rental Market?
• Equipment: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment
• Application: Excavation and Demolition, Heavy Lifting, Tunneling, Material Handling, Recycling and Waste Management
• End User: Infrastructure, Construction, Mining, Oil and Gas, Manufacturing, Other End Users
Which Region Leads The Heavy Construction Machinery Rental Market?
North America led the heavy construction machinery rental market in 2024. The regions covered in this report encompass Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Heavy Construction Machinery Rental Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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