This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Construction Equipment Rental Market

Construction Equipment Rental Market

Construction Equipment Rental Market, Forecast, Trend, Analysis & Competition Tracking- Global Review 2021 to 2031

Construction Equipment Rental Market

Market Snapshot

As per a recent market analysis by Fact.MR, the ubiquitous construction equipment rental market will exceed US$ 115 Bn in 2021, projected to grow at 4.3% CAGR from 2021 to 2031. Exorbitant construction equipment costs, combined with the high cost of equipment maintenance services is expected to boost demand for construction equipment rental services. 

Key Points Addressed in Construction Equipment Rental Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on construction equipment rental market and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Construction Equipment Rental Revenue Analysis 2016-2020 Vs Outlook 2021-2031

Construction Equipment Rental Market size valued at US$ 110 Bn in 2020, expanding at over 3% CAGR from 2016-2020. Increasing government expenditure within the development of public infrastructure and smart cities is anticipated to propel industry growth.

In spite of a downward spiral amidst the COVID-19 pandemic, prospects for construction equipment rental remained elevated, as consistent financial support from governments for numerous construction projects remained unceasing.

Moreover, the development industry is dynamic and highly influenced by market fluctuations. Renting construction equipment protects the corporate from unpredictable financial downturns which will arise. The provision of a good range of technologically advanced equipment on rent is additionally boosting the market revenue. Based on these trends, the global market is poised to sure 1.6x from 2021 to 2031.

How are Mushrooming Infrastructure Projects Bolstering Rental Equipment Services Demand?

Globally, the frequency of public infrastructure projects has continued to show an impressive incline. In spite of the COVID-19 pandemic hitting hard, governments have continued to sustain funding for these projects. It was estimated that in 2020, over 2,000 projects were announced, an increase of over 5% compared to 2019.

As of December 2020, almost 300 new infrastructure projects were announced, with an investment value exceeding US$ 80 billion. These include ports, railway lines, and airports among others. Consequently, construction companies are seeking to cut equipment procurement costs, thus impelling demand for construction equipment rental services.

Avail customized purchase options for your needs

What Developments will Likely Impede Demand?

The construction industry is vulnerable to recession and economic downturn. The construction machinery leasing market is affected by the economic cycle of an economy, which has experienced multiple economic cycles in its life cycle, and exhibits high or low economic activity in the economy.

Economic transformation can be divided into cyclical phases of expansion, recession, bottoming out and recovery. In the context of economic expansion, the construction industry has also shown strong growth, as the construction equipment leasing, and profitability has increased exponentially.

This growth is due to strong consumer demand and easy access to public and private investment or the construction industry is suffering from an economic recession due to a reduction in final output due to tightening consumer demand. The resulting decline in construction activities in turn has an impact on the construction machinery rental market.

How are Frequent Economic Cycle Fluctuations Stimulating Construction Equipment Rental Services Demand?

In today's economic system, the benefits of leasing power generation equipment are magnified, taking into account the cyclicality of developing industries. According to BigRentz, contractors and construction companies have shifted from purchasing new equipment to renting the same across manufacturing sites.

Anticipating a prolonged recession in response to the pandemic crisis, many economists and business leaders believe that demand for rental services and equipment leasing will surge manifold. Purchasing new equipment will incur a variety of costs- encompassing ownership, purchase price and maintenance and repair, which may add to their overheads, thus slowing down recovery prospects.

In addition to this cost factor, cyclical and economic fluctuations in the construction industry make it difficult for companies to make full use of the equipment they purchase and obtain the maximum value possible, especially when the equipment is idle in a slow business state. In this case, leasing is an attractive option, especially when some companies are preparing for the potential impact of economic recession and stunted operations.

An Adaptive Approach to Modern-day Research Needs

Country Wise Analysis

How Opportunistic is the Market in the U.S?

A market size of US$ 40 Bn is expected for construction equipment rental in U.S. by 2021. A robust U.S. economy is expected to be driven by investments in the residential sector. Construction equipment with advanced and fuel-efficient technology, as well as standard safety features, is driving the growth of the market.

To cater to the growing construction activities, several companies are utilizing rental options. The market is expected to adopt new technologies as a result of increasing government spending on building public infrastructure and government utilities. For instance, Alberta's government allocated more than US$ 10 Bn in infrastructure projects to strengthen the province's economy, according to a report published in 2021.

How is China Spurring Demand for Construction Equipment Rental?

Taking advantage of low labor costs, advanced manufacturing facilities, and high production capacity, China is the world's leading manufacturer of construction machinery. It exports its machinery to many countries in Europe and Asia.

As the population and urbanization of China rise, along with growth in the IT sector, the construction equipment rental market is set to benefit in the forecast period. A CAGR of over 5% is expected for the Chinese market in the long-run.

What is Driving Sales for Construction Equipment Rental Market in India?

Booming infrastructure development in India acts as one of the main drivers of demand for construction equipment rental services in India, slated to grow at 4% CAGR until 2031. Attributed to a boom within the construction and infrastructural development industry, India has yielded credible growth opportunities.

As a result, many international players have invested in establishing manufacturing facilities and distribution centers. Besides prominent construction machinery manufacturers, such as Liebherr, Caterpillar, Hitachi, and Sumitomo Corporation, numerous domestic players are also offering construction equipment rental services, attributable to the competitive pricing and technologically advanced equipment availability.

Construction equipment rental market forecast analysis by Fact.MR

Category Wise Insights

Why is Earth Moving Machinery Rental Surging in Popularity?

According to Fact.MR, earth moving machinery rental is expected to tower over other equipment, given the increasing need to curtail excavation costs, especially across the oil & gas industry.

These types of equipment have high load capacity and engine power, which allows them to function effectively in harsh environments. Approximately 60% of the market value will be held by earth moving machinery from 2021 to 2031.

What are the Growth Prospects for Material Handling Machinery Rental?

By product type, scope for material handling machinery rental is immense, expected to surge at a CAGR of 6% from 2021 to 2031. As factories look to curtail manufacturing costs, they are increasingly seeking out rental services.

With increased emphasis on maximizing output, industries are looking for ways to minimize their capital expenditure, a large part of which is directed towards procuring material handling machinery. Availing the same on rent permits businesses to widen profit margins.

Have a report related query? Speak to us directly

Competitive Landscape

The market for construction equipment rental is dominated by the top 5 service providers, who account for the majority of the market. During the forecast period, the competitive landscape is expected to be shaped by acquisitions, strategic partnerships, and equipment procurements.

  • In May 2021, for instance, United Rentals Inc. completed the acquisition of General Finance Corporation. The acquisition, comprising of strong strategic and financial merits, was timed in order to enable the company to fulfil increasing demand across end markets, by expanding mobile store and modular office solutions
  • Likewise, in August 2021, Herc Holdings Inc. completed the acquisition of all assets of CBS Rentals, a Texas-based construction equipment rental service provider. This addition has expanded the formers presence across the state to 38 physical locations to better provide general and specialty equipment rental solutions

Report Scope



Market size value in 2020

USD 115 Billion

Market forecast value in 2031

USD 176 Billion

Growth Rate

CAGR of 4.3% from 2021 to 2031

Forecast Period


Historical Data Available for


Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Vietnam
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Product  Type
  • Region

Key Companies Profiled

  • United Rentals Inc.
  • Herc Holdings Inc.
  • Ashtead Group Plc
  • Aktio Corporation
  • Loxam Sas
  • Kanamoto Co. Ltd.
  • Nishio Rent All Co. Ltd.
  • H&E Equipment Services Inc.
  • Nikken Corporation
  • Cramo Group
  • Ramirent Plc
  • Maxim Crane Works L.P.
  • KiloutouSarens Nv
  • Taiyokenki Rental Co. Ltd.
  • Ahern Rentals Inc.
  • Boels Rental
  • Speedy Hire Plc.


Available upon Request

Key Segments Covered

  • Product Type

    • Earth Moving Machinery Rental
    • Material Handling Machinery Rental
    • Concrete & Road Construction Machinery Rental

Construction Equipment Rental Market- Scope of Report

A recent study by Fact.MR on the construction equipment rental market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering construction equipment rental services.

The study also provides the dynamics responsible for influencing the future status of the construction equipment rental market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of construction equipment rental services across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of construction equipment rental services during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative construction equipment rental markets?
  • Which factors will impact the growth of construction equipment rental services?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the construction equipment rental industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of value (US$ Mn).

Estimates at global and regional levels for construction equipment rental services are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global construction equipment rental market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the construction equipment rental market during the forecast period.

Country-specific valuation on demand for construction equipment rental services has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading service providers of construction equipment rental, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering construction equipment rental services has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the construction equipment rental domain. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the construction equipment rental industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The construction equipment rental market will likely reach US$ 115 Bn in 2021

The world construction equipment rental market is projected to grow at 4.3% CAGR from 2021 to 2031.

From 2016 to 2020, the market for construction equipment rental grew at 3% CAGR

Leasing is an attractive option, especially when some companies are preparing for the potential impact of economic recession and slowing operations.

The exorbitant cost of construction equipment, combined with the high cost of equipment maintenance services, is expected to boost demand for construction equipment rental services.

Fact.MR expects the construction equipment rental industry in the U.S to be valued at US$ 40 Bn by 2021, capturing 49% of the market

In China, demand for construction equipment rental services is likely to grow at a CAGR of 5%

India is expected to surge at a CAGR of 4% from 2021 to 2031, according to Fact.MR

Earth moving machinery rental is expected to remain most offered, clocking a 60% market share

Need an Exclusive Report for your Unique Requirement?

Talk Show:

The Rise of Intelligent Packaging

Personalized, Connected and Sustainable

November 18, 2021 11:00-11:45 AM PST (USA & Canada)
This is a LIVE session
Future Market Insights MarketNgage Spring

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.