Booming Construction Industry Fuels Growth In Equipment Rental Market: A Key Catalyst Accelerating Construction Equipment Rental Market Growth in 2025

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Construction Equipment Rental Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the last few years, the size of the construction equipment rental market has been progressively expanding. It is projected to increase from $105.1 billion in 2024 to reach $109.81 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The historical growth is largely due to an escalated demand for construction projects, an improving focus on cost optimization and efficiency in construction activities, intensified rivalry among construction firms and equipment manufacturers, and a surge in the demand for rental equipment owing to the periodic character of the construction sector.

Construction Equipment Rental Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the size of the construction equipment rental market is predicted to experience robust growth. It is forecasted to expand to $136.02 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this growth during the projection period include the rising acceptance of rental equipment across various sectors, mounting demand for environmentally friendly and sustainable construction equipment, increased preference for operational and scalability flexibility, fiscal flexibility and capital preservation for companies, and the escalating usage of telematics and IoT in construction equipment rental. Major trends that will be seen in the forecasting period encompass progress in technology and logistics infrastructure, partnerships between rental firms and construction technology suppliers, the implementation of advanced rental software for fleet management, advancements in construction equipment technology, and the emergence of digital platforms for equipment rental transactions.

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What Are the Drivers Transforming the Construction Equipment Rental Market?
The surge in the construction sector is anticipated to fuel the expansion of the construction equipment rental market. This rise in the construction industry is due to ongoing urbanization, upcoming infrastructure projects, and an expanding population base. Various construction equipment, like tower cranes, bulk material handling, transit mixers, batching plants, concrete pumps, and others, are utilized in this sector. Renting such equipment aids contractors in lowering the purchasing and maintenance costs. For example, according to Eurostat, a Luxembourg government agency, the EU and the euro region reported an average annual building production increase of 0.1% and 0.2% in February 2024, respectively, comparing to 2022. Furthermore, the United States Census Bureau, a government body in the US, reported that the value of construction activities escalated from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, growing at a rate of 10.2 percent as recorded in December 2021. Consequently, the thriving construction industry plays a vital role in enhancing the growth of the equipment rental market.

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What Long-Term Trends Will Define the Future of the Construction Equipment Rental Market?
The upward trend in the construction equipment market is characterized by the replacement of traditional machinery with telematics-enhanced counterparts. Telematics technology, which includes capabilities like GPS fleet tracking, equipment theft protection, and detailed equipment utilization, is embedded in construction equipment. One example is Hitachi Construction Machinery, a company based in Japan, which introduced a telematics system in February 2022 specifically designed for an array of construction equipment fleets. The new CTFleet Link system allows customers to monitor the location and operation of both Hitachi and non-Hitachi equipment via real-time web access. The system features a custom API developed by Hitachi Construction Machinery and utilizes the Global E Service Hitachi Application Programming Interface (API) to collect data in almost real time.

Which Segments in the Construction Equipment Rental Market Offer the Most Profit Potential?
The construction equipment rentalmarket covered in this report is segmented -

1) By Equipment: Earthmoving, Material Handling, Road Building And Concrete
2) By Product: Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers
3) By Application: Residential, Commercial, Industrial

Subsegments:
1) By Earthmoving: Excavators, Bulldozers, Backhoe Loaders, Skid Steer Loaders
2) By Material Handling: Forklifts, Telehandlers, Aerial Lifts, Cranes
3) By Road Building And Concrete: Asphalt Pavers, Concrete Mixers, Road Rollers, Concrete Pumps

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Which Firms Dominate the Construction Equipment Rental Market by Market Share and Revenue in 2025?
Major companies operating in the construction equipment rental market include H&E Equipment Services Inc., Maxim Crane Works LLP, Boels Rentals NV, United Rentals Inc., Ashtead Group plc, Loxam Group, Herc Holdings Inc., Aktio Corporation, Kanamoto Co Ltd., Taiyokenki Rental Co. Ltd., Cramo Group, Ramirent PLC, Kiloutou SAS, Speedy Hire plc, Nishio Rent All Co. Ltd., The Hertz Corporation, Ahern Rentals Inc., Nikken Corporation, Sunstate Equipment Co. LLC, Neff Rental LLC, BlueLine Rental Holdings Inc., BigRentz Inc., Sunbelt Rentals Inc., The Home Depot Inc., Rentals ProContractor, Herc Rentals Inc., Aggreko plc, NES Rentals Holdings Inc., Romco Equipment Co. LLC, Mobile Mini Inc.

Which Regions Offer the Highest Growth Potential in the Construction Equipment Rental Market?
North America was the largest region in the construction equipment rental market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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