Press release
Global Machinery Leasing Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Machinery Leasing Market Size
How Big Is the Machinery Leasing Market Size Expected to Be by 2034?
The growth of the machinery leasing market has seen a significant rise in the past few years. The market, which has a projected value of $485.93 billion in 2024, is expected to increase to $530.43 billion in 2025 with a compound annual growth rate (CAGR) of 9.2%. The growth observed during the historical period can be credited to robust economic growth, an increase in manufacturing activities, escalating demand from the automotive industry, and the surge in construction activities.
The market size of machinery leasing is predicted to experience significant growth in the coming years. It is projected to reach $731.91 billion in 2029, with a compound annual growth rate (CAGR) of 8.4%. The expected growth during the forecast period is largely due to the increase in healthcare spending, a growing demand from the agricultural sector, as well as an increase in drilling activities. Additionally, trends such as strategic alliances and collaborations, launch of innovative products, digital platform adoption, implementation of artificial intelligence and machine learning for enhancing machinery efficiency and productivity, and a focus on promoting electric vehicles as a preferred choice for environmentally friendly consumers looking to decrease their carbon emissions, are set to impact the market during the forecast period.
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What Are the Emerging Segments Within the Machinery Leasing Market?
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 Long-Term Drivers Are Shaping Machinery Leasing Market Trends?
The growth of the machinery leasing market is anticipated to be propelled by start-ups, who are increasingly becoming major clients for leasing service providers. Start-ups often operate under financial restrictions, so they might struggle to afford the upfront cost of high-priced machinery. Leasing offers them a way to obtain the necessary machinery they need without making a large initial payment. The cost-efficiency of this method is particularly appealing to start-ups that need to allocate their funds toward vital expenditures, such as research and development or marketing. For example, Fortunly, a US-based news magazine, reported that the number of start-ups in the United States increased by 700,000 in 2022, reaching a total of 33.2 million.
Who Are the Top Competitors in Key Machinery Leasing Market Segments?
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
What Are the Major Trends Shaping the Machinery Leasing Market?
An increasing number of businesses are turning towards the leasing of 3D printing equipment for their manufacturing needs. A 3D printer is a device utilized in computer-aided manufacturing, which constructs three-dimensional objects from digital data input sourced from a computer, using specialized materials. The prominence of 3D printing is on the rise, as manufacturing firms become more acquainted with 3D printers of an industrial grade. These industrial-grade 3D printers have the capacity to print sizeable products with extreme precision, using a variety of materials. Leasing 3D printers can lead to significant cost reduction for the manufacturer as compared to purchasing. For example, Divide by Zero Technologies provides 3D printers on lease to their clients in India.
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Which Regions Are Becoming Hubs for Machinery Leasing Market Innovation?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Machinery Leasing Market?
2. What is the CAGR expected in the Machinery Leasing Market?
3. What Are the Key Innovations Transforming the Machinery Leasing Industry?
4. Which Region Is Leading the Machinery Leasing Market?
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