Construction Equipment Rental Market to Hit $165.1 Bn by 2030, Growing at 5.1% CAGR | United Rentals Inc., Kanmoto Co Ltd, Herc Rentals Inc., Hitachi Construction Machinery, Loxam Group, Liebherr, H&E Equipment Services

The Construction Equipment Rental Market was valued at US$ 112.3 billion in 2022 and is expected to reach US$ 165.1 billion by 2030, growing at a CAGR of 5.1% during the forecast period 2024-2031.

The Construction Equipment Rental Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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Construction Equipment Rental Market - Latest Developments

✅ Herc Holdings (Herc Rentals) completed the acquisition of H&E Equipment Services (H&E Rentals) on June 2, 2025. Consideration: $78.75 in cash + 0.1287 shares of Herc per H&E share; H&E ceased trading on Nasdaq. Post-deal footprint: ~613 North American locations and leading presence in 11 of the top 20 U.S. rental regions.

✅ Boels Rental × Relion Energy - Battery Energy Storage (BESS) rental offering (partnership announced Apr 2025): expands Boels' temporary power portfolio with distributed BESS for construction/events/industry applications.

✅ Boels Rental invested ~£65M to refresh/expand its JCB fleet (announced Mar 12, 2025), underpinning availability of newer, lower-emission machines for rental customers across Europe.

Construction Equipment Rental Market Key Drivers:

✅ Cost Efficiency & Flexibility

Renting construction equipment eliminates the high upfront investment of purchasing machinery and lowers maintenance costs. Contractors prefer rental solutions for short-term projects, seasonal demand, and flexible fleet management.

✅ Infrastructure Development

Rising government and private sector investments in transportation networks, smart cities, housing, and renewable energy projects are boosting rental demand across all regions.

✅ Technological Advancements

The integration of GPS tracking, IoT-enabled telematics, and fuel-efficient models in rental fleets ensures higher productivity, safety, and operational efficiency.

✅ Sustainability & Emission Norms

With growing emphasis on green construction and strict emission standards, contractors increasingly opt for modern rental fleets that comply with regulatory requirements rather than maintaining outdated equipment.

✅ Risk Mitigation in Volatile Markets

Economic uncertainties encourage construction firms to rent instead of buying expensive equipment, reducing financial risks while ensuring access to the latest machinery.

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Construction Equipment Rental Market - Geographical Share:

The construction equipment rental market shows strong growth potential across diverse regions, driven by infrastructure expansion, rapid urbanization, and cost-effective rental models.

➠ North America holds a significant share, supported by large-scale infrastructure renewal projects, smart city developments, and the adoption of advanced machinery to reduce project timelines. The U.S. and Canada have strong demand for earthmoving and material handling equipment, especially in commercial and residential construction.

➠ Europe demonstrates steady growth, fueled by strict emission regulations and sustainability initiatives that encourage contractors to rent modern, energy-efficient machines rather than owning outdated fleets. Countries like Germany, the U.K., and France are leading rental hubs due to high labor costs and the push toward automation.

➠ Asia-Pacific is the fastest-growing market, supported by massive government spending on highways, metro rail, airports, and industrial projects. China, India, and Southeast Asia dominate equipment rental demand due to rapid urban infrastructure expansion, coupled with a rising preference for flexible rental solutions.

➠ Latin America is witnessing gradual growth as nations like Brazil and Mexico invest in urban development, mining, and energy infrastructure. The market is supported by the increasing need for short-term rentals to reduce financial risks in volatile economies.

Strategic Players Driving the Construction Equipment Rental Market: United Rentals Inc., Kanmoto Co Ltd., Herc Rentals Inc., Hitachi Construction Machinery Co., Ltd, Caterpillar Inc., Loxam Group, Liebherr, H&E Equipment Services, Inc., Boels Rental and Ahern Rentals.

Research Methodology:

The global Construction Equipment Rental Market research report employs a comprehensive dual-source approach, integrating both primary and secondary data collection methods to ensure robust market analysis. Our research framework systematically evaluates multiple industry-influencing variables, including regulatory frameworks and government policies, prevailing market conditions, competitive intensity levels, historical performance data, current market positioning, technological innovations and disruptions, emerging industry developments, cross-sector business impacts, market volatility patterns, growth prospects, potential market barriers, and strategic challenges facing industry participants.

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Segment Covered in the Construction Equipment Rental Market:

By Product (Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Others)

By Propulsion (Diesel, Gasoline, Construction Vehicles, Others)

By Drive (Hydraulic, Electric, Hybrid)

By Application (Residential, Commercial, Industrial, Infrastructure)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Regional Analysis for Construction Equipment Rental Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Construction Equipment Rental Market Research Industry:

➠ Who leads the Construction Equipment Rental industry and what's their competitive positioning regarding capacity, performance, and profitability?

➠ What growth opportunities and market challenges do Construction Equipment Rental market vendors face?

➠ Which segments show the highest growth potential and market share distribution?

➠ What factors are driving or limiting Construction Equipment Rental market growth?

➠ What are the dominant sales and distribution strategies in the Construction Equipment Rental industry?

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