Construction Equipment Rental Market reached US$ 112.3 billion in 2022 and is expected to reach US$ 165.1 billion by 2031 | United Rentals Inc., Kanmoto Co Ltd., Herc Rentals Inc.

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

The construction equipment rental market involves leasing machinery like excavators, loaders, and cranes for temporary use in construction projects. Renting reduces capital expenditure for companies and provides access to advanced equipment. Market growth is driven by infrastructure development and urbanization. Technological advancements in equipment and telematics enhance efficiency and safety. Flexible rental models are attracting small and mid-sized construction firms. Sustainable practices and equipment sharing trends are also influencing the market.

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☛ Construction Equipment Rental Market Recent Developments 2025:

United States: Recent Industry Developments

✅ In August 2025, United Rentals expanded its fleet with electric and hybrid construction equipment, reducing emissions and supporting sustainable building projects across North America.

✅ In July 2025, Sunbelt Rentals launched a digital rental platform allowing contractors to reserve, track, and manage equipment in real time, improving operational efficiency.

✅ In June 2025, Herc Rentals partnered with construction firms to provide on-demand heavy machinery for large-scale infrastructure projects, optimizing project timelines and costs.

Europe: Recent Industry Developments

✅ In July 2025, Kiloutou Group expanded its fleet of eco-friendly machinery across France and Germany, supporting green construction initiatives and regulatory compliance.

✅ In June 2025, HSS Hire launched a smart equipment tracking system in the UK, enabling predictive maintenance and reducing equipment downtime for contractors.

✅ In May 2025, Ramirent partnered with European construction firms to provide modular and specialized equipment rentals, enhancing flexibility for complex projects.

Japan: Recent Industry Developments

✅ In July 2025, Komatsu Rental Japan introduced electric construction equipment rentals, aligning with Japan's green construction and decarbonization goals.

✅ In June 2025, Nippon Rent All implemented a digital platform for real-time tracking and scheduling of rented equipment, improving workflow for construction companies.

✅ In May 2025, Toyota Tsusho expanded its heavy machinery rental services for large-scale civil and infrastructure projects, supporting urban development initiatives.

☛ Construction Equipment Rental Market Trends:

The construction equipment rental market is growing due to increased infrastructure projects, urbanization, and the high cost of equipment ownership. Renting allows contractors to access advanced machinery without large capital investments, improving operational flexibility and cost efficiency.

Market dynamics are influenced by technological integration, such as telematics for fleet management, equipment tracking, and predictive maintenance. The trend toward sustainable construction and temporary project-based requirements is also driving demand for rentals over purchases.

☛ Construction Equipment Rental Market Competitve Landscape:

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

We follow a hybrid research approach, combining qualitative insights with rigorous quantitative analysis to deliver reliable and comprehensive market intelligence. Our process begins with extensive secondary research, drawing on trusted industry reports, proprietary databases, and credible market sources. This is then reinforced through targeted primary research, including structured surveys and in-depth interviews with industry leaders, subject matter experts, and key market 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

☛ This Report Includes:

✔ Comprehensive go-to-market strategies with actionable insights.

✔ Unbiased evaluation of overall market performance.

✔ Deep-dive analysis into development trends, competitive landscape, supply-demand dynamics, YoY growth, benchmarking, vendor mapping, market access, and overall progress.

✔ Tailored regional and country-level reports with detailed localized analysis available on request.

✔ Identification of niche segments and high-growth regions presenting strong opportunities.

✔ Accurate regional forecasts using both top-down and bottom-up approaches.

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☛ 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)

☛ Frequently asked questions:

➠ What is the global sales, production, consumption, import, and export value of the Construction Equipment Rental Market?
➠ Who are the key global manufacturers, and what is their operational performance?
➠ What are the major opportunities and threats in the global Construction Equipment Rental Market?
➠ Which product types or end-users show the most growth potential and market share?
➠ What challenges and constraints are impacting the Construction Equipment Rental Market?
➠ What sales, marketing, and distribution channels are used globally?

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