Global Construction Equipment Rental Market Research Report: Forecast (2024-30)

Construction Equipment Rental Report - By Equipment Type (Earthmoving Equipment, Material Handling Equipment, Concrete and Road Construction, Others), By Product Type (Excavator, Loader, Grader, Bulld... ... oader, Grader, Bulldozer, Road Roller, Tipper, Forklifts, Cranes, Diesel Generator, Concrete Pumps, Concrete Mixers, Others), By Application (Residential, Commercial, Industrial), Others Read more

  • Buildings, Construction, Metals & Mining
  • Apr 2024
  • 211
  • PDF, Excel, PPT

Market Definition

Construction Equipment Rental, commonly known as Plant Hire, refers to an industry that offers services related to equipment and tools of different sizes and kinds (spanning from earthmoving machinery to handheld devices) for a fixed period. It caters mainly to construction contractors but also serves industrial players and individual consumers alike. Essentially, Construction Equipment Rental entails leasing out such pieces of equipment temporarily as it proves beneficial for those who cannot afford outright purchase or do not need long-term ownership thereof.

 Market Insights & Analysis: Global Construction Equipment Rental Market (2024-30):

The Global Construction Equipment Rental Market size is estimated to grow at a CAGR of around 5.8% during the forecast period, i.e., 2024-30. The significant boost in government spending on public infrastructure development has ignited construction and mining activities across emerging economies globally. Consequently, the demand for construction equipment is high as a result of this factor. This surge in the price of new machinery is prompting contractors and other stakeholders to lean towards leasing options instead.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 5.8%
Regions Covered North America: The US, Canada, Mexico
South America: Brazil, Argentina, Chile, Rest of South America
Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
Middle East & Africa: The UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa
Key Companies Profiled Caterpillar Inc., United Rentals, Inc., Sennebogen, Komatsu Ltd., CNH Industrial N.V., Loxam, Zoomlion Heavy Industry Science and Technology Co., Ltd., Herc Rentals Inc., H&E Equipment Service, Nishio Rent All Co. Ltd., Nikken Corporation, Sunbelt, Taiyokenki Rental Co., Ltd., Ramirent Plc., AKTIO Corporation and Others
Unit Denominations USD Million/Billion

 

Additionally, technological advancements and heightened automation levels are projected to propel growth further forward. During the projected timeframe, technological progressions like monitoring and mapping of equipment and maintenance services, along with digital solutions for automated enhancements in services, are expected to augment the size & volume of the Global Construction Equipment Rental Industry.

The prominent players are primarily focusing on developing smarter machines by incorporating propriety technology systems. The Telematics system provides brief information about the location and level of performance of construction equipment as well as the vehicle. Thus, the construction equipment rental service offers leasing facilities with the complete removal of the total cost of ownership and provides rental options.

Furthermore, the construction system demands a significant investment, rendering it unfeasible for numerous small contractors and builders. Fortunately, the equipment rental service has addressed this matter by eliminating overall costs while offering leasing choices instead. These developments contribute to the continual growth of the Global Construction Equipment Rental Market in line with the aforementioned aspects.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Construction Equipment Rental Market Trends & Developments
  5. Global Construction Equipment Rental Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Global Construction Equipment Rental Market Hotspot & Opportunities
  7. Global Construction Equipment Rental Market Supply Chain Analysis
  8. Global Construction Equipment Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1.  By Equipment Type
        1.  Earthmoving Equipment- Market Size & Forecast 2019-2030, (USD Million)
        2.  Material Handling Equipment- Market Size & Forecast 2019-2030, (USD Million)
        3.  Concrete and Road Construction- Market Size & Forecast 2019-2030, (USD Million)
        4.  Others- Market Size & Forecast 2019-2030, (USD Million)
      2. By Product Type
        1. Excavator- Market Size & Forecast 2019-2030, (USD Million)
        2. Loader- Market Size & Forecast 2019-2030, (USD Million)
        3. Grader- Market Size & Forecast 2019-2030, (USD Million)
        4. Bulldozer- Market Size & Forecast 2019-2030, (USD Million)
        5. Road Roller- Market Size & Forecast 2019-2030, (USD Million)
        6. Tipper- Market Size & Forecast 2019-2030, (USD Million)
        7. Forklifts- Market Size & Forecast 2019-2030, (USD Million)
        8. Cranes- Market Size & Forecast 2019-2030, (USD Million)
        9. Diesel Generator- Market Size & Forecast 2019-2030, (USD Million)
        10. Concrete Pumps- Market Size & Forecast 2019-2030, (USD Million)
        11. Concrete Mixers- Market Size & Forecast 2019-2030, (USD Million)
        12. Others- Market Size & Forecast 2019-2030, (USD Million)
      3.  By Application
        1.  Residential- Market Size & Forecast 2019-2030, (USD Million)
        2.  Commercial- Market Size & Forecast 2019-2030, (USD Million)
        3.  Industrial- Market Size & Forecast 2019-2030, (USD Million)
      4. By Region
        1.  North America
        2.  South America
        3.  Europe
        4.  The Middle East & Africa
        5.  Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Revenue Shares & Analysis
  9. North America Construction Equipment Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
      2.  By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
      4. By Country Market Size & Forecast 2019-2030, (USD Million)
        1. The US
        2. Canada
        3. Mexico
    3. The United States Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1.  By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2.  By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    4. Canada Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1.  By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2.  By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    5. Mexico Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1.  By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2.  By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
  10. South America Construction Equipment Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
      2.  By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
      4. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. Brazil
        2. Argentina
        3. Chile
        4. Rest of South America
    3. Brazil Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
  11. Europe Construction Equipment Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
      2.  By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
      4. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    4. The UK Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    5. France Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    6. Italy Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    7. Spain Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
  12. The Middle East & Africa Construction Equipment Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
      4. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. The UAE
        2. Saudi Arabia
        3.  South Africa
        4.  Rest of the MEA
    3. The UAE Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    4. Saudi Arabia Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    5. South Africa Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
  13. Asia-Pacific Construction Equipment Rental Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
      4. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    4. India Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    5. Japan Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    6. South Korea Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
    7. Australia Construction Equipment Rental Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Equipment Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Product Type - Market Size & Forecast 2019-2030, (USD Million)
  14. Global Construction Equipment Rental Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Product & Service Portfolio, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Caterpillar Inc.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. United Rentals, Inc.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Sennebogen
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Komatsu Ltd.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. CNH Industrial N.V.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Loxam
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Ramirent Plc.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Zoomlion Heavy Industry Science and Technology Co., Ltd.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Herc Rentals Inc.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. H&E Equipment Service
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Nishio Rent All Co. Ltd.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Nikken Corporation
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Sunbelt
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Taiyokenki Rental Co., Ltd.
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. AKTIO Corporation
        1. Business Description
        2. Solution Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

We’d love to understand what matters most to you.

Your data is 100% confidential & secure

By submitting, you agree to our Terms and Privacy Policy .