Press release
Robust Market Future: Global Machinery Leasing Market Expected to Soar to $731.91 Billion by 2029, Rising at a CAGR of 8.4%
Machinery Leasing Market Share
Innovative strategies and technological advances are driving a dynamic resurgence in the global machinery leasing market, with the sector projected to experience strong eco-driven growth over the next decade.
What Is The Projected Market Size Of The Global Machinery Leasing Market And Its Growth Rate?
• The global machinery leasing market is witnessing significant growth, catapulting from $485.93 billion in 2024 to an expected $530.43 billion in 2025, demonstrating an impressive compound annual growth rate (CAGR) of 9.2%.
• Over the forecast period, the machinery leasing market's strong growth is expected to continue, with a forecast value of $731.91 billion by 2029 and a compound annual growth rate (CAGR) of 8.4%.
• Factors contributing to the expected increase include rising healthcare expenditure, growing demand from the agricultural sector, and an increase in drilling activities.
What Is Driving The Growth In The Machinery Leasing Market?
The exponential rise of startups as major clients for leasing service providers is significantly driving the growth of the machinery leasing market. Start-ups often face budget constraints and may not have the capital to purchase expensive machinery outright. Consequently, leasing allows them to access the machinery they need without the burden of a substantial early investment. As reported by US-based news magazine Fortunly, in 2022, there were 33.2 million startups in the US, a 700,000-rise compared to 2021. This cost-efficiency and availability have uniquely positioned the machinery leasing market to offer a critical solution for startups looking to conserve capital for other critical expenses like research and development or marketing.
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Who Are the Key Players Driving Machinery Leasing Market Growth?
• United Rentals Inc.
• Tokyo Century
• Ashtead Group Plc
• Fuyo General Lease Co., Ltd.
• Berkshire Hathaway Inc.
• Aercap Holdings N.V.
• Rent-A-Center Inc.
• BOC Aviation
• Kanamoto Co., Ltd.
• Aktio Corporation
• Nikken Corporation
and many others.
What Are The Key Trends In The Machinery Leasing Market?
• Strategic partnerships and collaborations
• Introduction of innovative products
• The introduction of digitization platforms
• Adoption of artificial intelligence and machine learning to improve efficiency and productivity
• A focus on offering EVs as an option for environmentally conscious consumers
What Are The Segments Of The Global Machinery Leasing Market?
1) By Type: Heavy Construction Machinery Rental, Commercial Air, Rail, And Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental, Other Commercial And Industrial Machinery And Equipment Rental
2) By Mode: Online, Offline
3) By Leasing Type: Capital Lease, Operating Lease
Which Region Leads The Machinery Leasing Market?
Asia-Pacific was the largest region in the machinery leasing market in 2024, followed by North America. The machinery leasing market report covers other key regions including Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Machinery Leasing Market Global Market Report?
- Market Size Analysis: Analyze the Machinery Leasing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Machinery Leasing 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 Machinery Leasing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Machinery Leasing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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