Press release
Machinery Leasing Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Machinery Leasing
The rapid appearance of start-ups as prominent customers of leasing service firms is projected to propel the machinery leasing market's expansion. Budget restrictions are common for start-ups, and they might lack the funds to buy costly equipment upfront. Leasing gives them the possibility to obtain the necessary machinery without a significant initial cost. This fiscal efficiency is particularly appealing to start-ups that aim to preserve capital for other pressing expenses, such as research and development or promotional activities. A case in point is a report by Fortunly, a news magazine based in the US, which stated that in 2022, there were 33.2 million start-ups in the US, marking a rise of 700,000 compared to 2021.
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What growth opportunities are expected to drive the machinery leasing market's CAGR through 2034?
In recent times, there has been significant expansion in the machinery leasing market. The market size, which stood at $485.93 billion in 2024, is projected to rise to $530.43 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.2%. Factors such as robust economic growth, expansion in manufacturing sector, rising needs from the automobile industry, and escalating demand due to increased construction activities have significantly contributed to the growth recorded in the past.
The market size of machinery leasing is projected to witness robust expansion in the forthcoming years, ascending to a value of $731.91 billion in 2029, courtesy of an 8.4% compound annual growth rate (CAGR). Various factors like surging healthcare expenditure, increased demand in the agriculture sector, and a rising number of drilling endeavors are contributing to the growth in this forecast period. Trends observed during this prediction period encompass strategic alliances and cooperation, launching innovative products, integrating digitization platforms, artificial intelligence, and machine learning to augment the efficacy and productivity of machinery. There is also an emphasis on presenting EVs as a prime choice for eco-conscious consumers who are keen on minimizing their carbon emissions.
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How are the latest trends influencing the growth of the machinery leasing market?
An increasing number of businesses are opting to lease 3D printing machinery for their manufacturing needs. A 3D printer, a manufacturing tool guided by computer software, uses digital data to construct three-dimensional objects from custom material. As familiarity with industrial-grade 3D printers grows among manufacturers, so too does their popularity in the market. These high-grade printers can produce large items with precise detail using a variety of materials. Choosing to lease a 3D printer rather than purchasing outright can lead to significant cost savings for manufacturers. For example, Divide by Zero Technologies provides leasing options for 3D printers to its customers in India.
Which growth-oriented segments of the machinery leasing market are leading the industry's development?
The machinery leasing market covered in this report is segmented -
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 And Other Commercial And Industrial Machinery And Equipment Rental
2) By Mode: Online, Offline
3) By Leasing Type: Capital Lease, Operating Lease
Subsegments:
1) By Heavy Construction Machinery Rental: Excavators And Bulldozers, Cranes And Lifting Equipment, Earthmoving Machinery
2) By Commercial Air, Rail, And Water Transportation Equipment Rental: Aircraft Leasing (Passenger And Cargo), Railcar Leasing (Freight And Passenger), Boat And Marine Equipment Leasing
3) By Mining, Oil And Gas, And Forestry Machinery And Equipment Rental: Drilling Rigs And Equipment, Mining Trucks And Heavy Machinery, Forestry Machinery
4) By Office Machinery And Equipment Rental: Computers And Laptops, Printers, Copiers, And Multifunction Devices, Office Furniture And Workspace Solutions
5) By Other Commercial And Industrial Machinery And Equipment Rental: Agricultural Equipment Rental (Tractors, Harvesters), Manufacturing Machinery Rental (CNC Machines, Industrial Robots), Specialized Equipment Rental (Scaffolding, Generators)
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What regions are leading the charge in the machinery leasing market?
Asia-Pacific was the largest region in the machinery leasing market in 2024. North America was the second-largest region in the machinery leasing market. The regions covered in the machinery leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the machinery leasing market?
Major companies operating in the machinery leasing market include United Rentals Inc., Tokyo Century, Ashtead Group Plc, Fuyo General Lease Co., Ltd., Berkshire Hathaway Inc., Aercap Holdings N.V., Rent-A-Center Inc., Air Lease Corporation, BOC Aviation, Kanamoto Co., Ltd., Aktio Corporation, Nikken Corporation, Asia Machinery Solutions Vietnam Co. Ltd, Mahindra & Mahindra Limited, Infra Bazaar Private Limited, The Alta Group, Shandong Heavy Industry Group Co., Ltd, Lengshuijianghuiying Building Machinery Leasing Co., Ltd, Sanghvi Movers, Indiabulls, Jindal Infrastructure Pvt. Ltd, Finlease, Caterpillar Inc, Kobelco Construction Machinery Co. Ltd, Deere & Co, Komatsu Ltd, Volvo Group, Doosan Infracore, Liebherr Construction Machinery Rental, Battlefield Equipment Rentals, Ahern Rentals, Enterprise, Oak Leasing, Sixt, Volkswagen Credit, Deutsche Leasing Vostok JSC, VTB Leasing Business Lease Group, KAMAZ Leasing Company, Volvo Finance Service Vostok, ALD Automotive, Interleasing Ltd., VEB-Leasing, Blueline, AIG Commercial Equipment Finance, Hitachi Capital America, TCF Equip, Great America Leasing Corporation, M & I Equipment Finance, People's Capital & Leasing, Relational Technology Solutions, Bigrentz, One Source Equipment Rentals, Inc., Diy Rentals, Scaffold King Rentals Inc, Allied Equipment Service Corporation, Macallister Rentals, Southside Rental Center Inc, Master Rental Center, Contractors Equipment & Supply, Transportation.Ae, Al Shola Transport Company, Andron Equipment LLC, MHJ Heavy Equipment Trading Co, Al Sahra Heavy Equipment, United Motors & Heavy Equipment, Al Bahar, Heavy Equipment & Construction Equipment, Al Qastal Trading, Al Walid Equipment Rental LLC, Tanzeem Heavy Equipment Rental LLC, Arabian Machinery & Heavy Equipment Co, Arabian Heavy Equipment Leasing Company, Age Corporation WLL, AGG - PRO, Al Darwish United Co WLL, Al Moasawi Trading And Contracting Co, Al Wazeeri Trading Contracting And Transport, Alaa For Industry (AFI) - Qatar, Alam Steel For Heavy Equipment WLL, Askar Industries WLL And Cameron Equipment Africa Ltd, Raubex, Kanu Equipment Africa, Teichmann South Africa (Pty) Ltd, Barloworld South Africa (Pty) Ltd, Manitou Southern Africa (Pty) Ltd, Torre Holdings (Pty) Ltd, Renttech South Africa (Pty) Ltd
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What Is Covered In The Machinery Leasing Global Market Report?
• Market Size Forecast: Examine the machinery leasing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the machinery leasing market for a structured understanding.
• Key Players Overview: Analyze major players in the machinery leasing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the machinery leasing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the machinery leasing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the machinery leasing market.
• Industry Challenges: Identify potential risks and obstacles affecting the machinery leasing market.
• Competitive Landscape: Review strategic developments in the machinery leasing market, including expansions, agreements, and new product launches.
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