United States Cranes Rental Market Surges at 6.5% CAGR on Infrastructure Revival Boom Hitting $18.2 Billion Milestone by 2031, Led by United Rentals and Mammoet Holding as Top Competitors | DataM Intelligence

Leander, Texas and TOKYO, Japan - Nov. 26, 2025. According to DataM Intelligence, the United States Cranes Rental Market Size is growing from USD 12.1 billion in 2023 to USD 18.2 billion by 2031, registering a robust CAGR of 6.5% during 2024-2031. The surging demand for cost-effective heavy-lifting solutions, the expansion of infrastructure and construction projects, and advancements in telematics and modular crane designs are fueling the need for enhanced cranes rental formulations that maximise operational efficiency without capital overhauls. Cranes rental, the flexible access to mobile and fixed lifting equipment from all-terrain to tower variants, revolutionises project execution by integrating seamlessly into construction, energy, and marine sectors, reducing downtime and compliance risks while ensuring purity and efficacy compliant with OSHA and ANSI standards. By combining high-capacity fleets, real-time tracking systems, and precision maintenance processes, this market provides potent, stable solutions for high-rise builds, offshore installations, and urban developments throughout the United States and beyond.

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Recent Developments

1. United Rentals, Inc. unveiled a telematics-integrated mobile crane fleet for urban infrastructure at CONEXPO 2024 in Las Vegas (March 2024).

2. Mammoet Holding B.V. opened a dedicated heavy-lift hub in Texas for high-capacity rentals, targeting Gulf Coast energy distributors (September 2024).

3. Sarens NV integrated AI analytics into load-testing for rough terrain cranes, boosting safety yields for construction applications (June 2025).

4. Maxim Crane Works, L.P. debuted modular tower crane variants for wind farm projects, partnering with renewable startups in Iowa (April 2025).

Competitive Landscape

The market is highly competitive among global lifting leaders, fleet specialists, and infrastructure innovators.

1️⃣United Rentals, Inc. expanded its US-based fleet of all-terrain cranes in Florida, operational since mid-2025, enhancing supply for construction brands with 30% improved utilization rates.

2️⃣Mammoet Holding B.V. acquired a key heavy-lift partner in Louisiana, strengthening its North American supply chain and reporting a 20% revenue boost in offshore segments.

3️⃣Sarens NV partnered with five energy firms to launch Rough Terrain Crane Rentals for petrochemical applications, achieving 95% on-time delivery and securing 35% of premium fleet projects.

4️⃣Maxim Crane Works, L.P. introduced telematics-enhanced crawler variants with superior stability, landing deals with major US bridge builders and fueling 25% growth in domestic sales.

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Growth Drivers

✦ The global construction equipment market surpassed USD 200 billion in 2024, with rentals accounting for 15% of lifting spends, underscoring the drive for enhanced fleets amid infrastructure trends.

✦ US project sales exceeded USD 1.5 trillion in 2024, driving over 500,000 crane rental days annually and accelerating integration for on-site efficiency routines.

✦ Infrastructure regulations spurred USD 1 trillion in project investments by 2025, prioritising flexible rentals that meet OSHA certification and operator transparency demands.

✦ North American energy revenues climbed 18% recently, utilising more than 300,000 crane hours yearly as urbanization fuels preventive maintenance adoption.

✦ Telematics innovations trimmed operational costs by 25%, forecasting USD 500 million in yearly efficiencies for US operators by 2030 through advanced tracking systems.

🌍Regional Insights

United States (North America): The U.S. cranes rental market was valued at USD 12.1 billion in 2023, projected to reach USD 18.2 billion by 2031 at a 6.5% CAGR. It holds nearly 50% of the global market share, driven by progressive infrastructure bills and strong contractor adoption. Key players like United Rentals and Mammoet lead through innovation, certified fleets, and expanded networks. Adoption of modular designs and multiple channel access strengthens its dominance. Recent strategic expansions and product launches keep the U.S. as the global market leader.

Canada (North America): Canada's market size was USD 2.8 billion in 2023, expected to grow to USD 4.2 billion by 2031 at a 6.3% CAGR, holding roughly 11% of the global market share. Growth is fueled by government funding and regulatory clarity that boost premium, high-capacity rental demand. Leading U.S. brands are investing in Canadian networks and operations, accelerating market maturity. Contractor preference for flexible, low-downtime solutions continues to mount. Canada complements U.S. leadership with a strong adjacent presence.

Europe (Key countries: UK, Germany, France): Europe constitutes 25% of the global cranes rental market and is rapidly growing due to expanding regulatory acceptance and rising urban renewal awareness. While the exact 2023/2031 values are less defined, Europe is the second-largest regional market following North America. The UK, Germany, and France drive expansion through hybrid fleet formulations and diversified service launches. Market growth is supported by established energy demand and the increased entry of North American brands. Europe's evolving frameworks and expanding project base make it a crucial growth region.

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Market Segmentation Analysis

By Type: Mobile cranes dominate with a 60% market share, valued at USD 7.26 billion in 2023 and projected to grow to USD 10.92 billion by 2031 at a 6.6% CAGR. Fixed cranes hold 40% of the market, valued at USD 4.84 billion in 2023 and expected to reach USD 7.28 billion by 2031 at a 6.4% CAGR. The mobile segment's growth is driven by increasing consumer demand for clean-label, premium-mobility products compliant with OSHA and ANSI standards, while the fixed segment sustains demand through cost-effective applications in high-rise and industrial sites.

By Capacity: Heavy-duty cranes lead with a commanding 50% market share, valued at USD 6.05 billion in 2023 and forecasted to reach USD 9.1 billion by 2031, favoured for their versatility and project appeal. Medium-duty cranes hold a 30% share, worth USD 3.63 billion in 2023 and projected to grow to USD 5.46 billion by 2031, attracting users seeking balanced lift performance. The remaining 20% comprises low-duty and hybrids, growing fastest at 6.7% CAGR to USD 3.64 billion by 2031, catering to niche demands for urban precision and innovative scalability.

By Application: Construction applications constitute the largest segment with 45% market share, valued at USD 5.45 billion in 2023 and expected to expand to USD 8.19 billion by 2031, powered by infrastructure research and contractor trends. Energy and utilities hold 25% share, valued at USD 3.03 billion in 2023 and projected to reach USD 4.55 billion by 2031, fueled by offshore health applications. Marine and transportation each account for 15% of the market, reflecting growing awareness of holistic lift benefits and targeted sector relief.

Innovation and Consumer Trends Fueling Market Expansion

Manufacturers are investing heavily in advanced telematics technologies, such as real-time monitoring and modular assembly, to improve efficacy, reduce downtime costs by an estimated 25%, and comply with regulatory expectations. Contractor growth is driven by expanding awareness of the flexible benefits of cranes rentals, integration into project routines, and market education on premium, certified fleets. North American markets, particularly the U.S., exhibit the highest adoption rates, supported by field research, strategic partnerships, and field-backed hybrid configurations.

Market Outlook and Opportunities: The Global cranes rental market is at a tipping point, driven by infrastructure-conscious mandates and every ounce of scientific evolution in lifting tech. Valued at USD 35.4 billion in 2023, it is projected to reach USD 53.2 billion by 2031 at a steady 6.5% CAGR. North America, capturing nearly half the global share, spearheads expansion powered by construction demand, while Asia Pacific benefits from urbanization abundance. Progress in sustainable fleets and enhanced configurations align with OSHA sustainability aims, although hurdles like fleet volatility, certification challenges, and capacity limits remain. Post-pandemic focus on project accelerators and rising embrace of functional rentals and digital logistics unlock vast potential for lift management and efficiency enhancement in construction, energy, and marine sectors.

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