Key Insights
The global construction equipment rental market, valued at $134.88 billion in 2025, is projected to experience robust growth, driven by several key factors. The increasing preference for rental over outright purchase, particularly amongst smaller construction firms, significantly contributes to market expansion. This trend is fueled by reduced capital expenditure requirements, operational flexibility, and access to cutting-edge technology without substantial upfront investment. Furthermore, the burgeoning infrastructure development across emerging economies, coupled with rising urbanization and government initiatives promoting construction activities, is significantly bolstering demand. The market's segmentation reveals a strong presence of both IC engine and hybrid-type equipment, catering to diverse project needs and environmental concerns. Earthmoving equipment, including material handling solutions, commands a significant share within the vehicle type segment, reflecting the high demand for efficient earthmoving operations in construction projects globally. Major players like Caterpillar, United Rentals, and Ashtead Group are leveraging technological advancements and strategic partnerships to maintain a competitive edge in this rapidly evolving landscape. The projected Compound Annual Growth Rate (CAGR) of 4.85% indicates sustained market expansion through 2033.
Construction Equipment Rental Market Market Size (In Billion)
The market's regional distribution shows significant variations, with North America and Europe holding substantial market shares due to well-established construction industries and high equipment adoption rates. However, the Asia-Pacific region is expected to witness substantial growth in the coming years, driven by rapid infrastructure development in countries like China and India. This growth will be further fueled by increasing private and public investment in construction projects across these regions. While challenges such as economic fluctuations and potential supply chain disruptions might impact growth, the overall outlook remains positive, driven by long-term growth in the construction sector globally. The market's competitive landscape is characterized by a mix of global giants and regional players, leading to intense competition focused on technological innovation, service excellence, and efficient fleet management.
Construction Equipment Rental Market Company Market Share
Construction Equipment Rental Market Report: 2019-2033
This comprehensive report provides an in-depth analysis of the Construction Equipment Rental Market, encompassing market dynamics, growth trends, regional insights, and key players. The study period covers 2019-2033, with 2025 as the base and estimated year. The forecast period is 2025-2033, and the historical period is 2019-2024. This report is essential for industry professionals, investors, and strategic decision-makers seeking to understand and capitalize on the opportunities within this dynamic market. The market size is projected to reach xx Million units by 2033.
Construction Equipment Rental Market Dynamics & Structure
The construction equipment rental market is characterized by moderate concentration, with a few major players holding significant market share. Technological innovation, particularly in areas like telematics and automation, is a key driver of growth. Stringent regulatory frameworks concerning safety and emissions influence market dynamics. The market sees competition from equipment ownership models and substitute technologies, however, the rental model continues to be preferred for flexibility and cost-effectiveness. End-user demographics are largely driven by the construction industry's activity levels. Mergers and acquisitions (M&A) are common, shaping market consolidation and driving growth.
- Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% of market share in 2024.
- Technological Innovation: Focus on automation, telematics, and electric/hybrid equipment.
- Regulatory Frameworks: Emphasis on safety standards and emission regulations impacting equipment specifications.
- Competitive Substitutes: Equipment ownership and alternative construction methods offer limited competition.
- M&A Activity: Significant M&A activity observed in the historical period (2019-2024) with approximately xx deals exceeding $xx million in value.
- Innovation Barriers: High initial investment costs for new technologies, coupled with a need for skilled workforce adaptation.
Construction Equipment Rental Market Growth Trends & Insights
The construction equipment rental market has experienced steady growth over the historical period (2019-2024), fueled by increasing infrastructure development globally and fluctuating construction activity levels influenced by global economic events. Adoption rates for technologically advanced equipment are rising, although adoption is influenced by factors such as initial investment and training requirements. Technological disruptions, such as the integration of IoT and AI, are transforming operational efficiency and creating new business models. Consumer behavior is shifting towards flexible rental agreements and value-added services. The CAGR for the market from 2019-2024 was approximately xx%, with market penetration estimated at xx% in 2024. The forecast period (2025-2033) anticipates a continued, albeit moderated, growth trajectory, driven by increasing urbanization and infrastructure investments in developing economies.
Dominant Regions, Countries, or Segments in Construction Equipment Rental Market
North America and Europe currently dominate the construction equipment rental market, driven by robust infrastructure projects and a well-established rental sector. Within these regions, countries such as the US and Germany exhibit particularly strong growth. The Earthmoving Equipment segment (including material handling) accounts for the largest share, followed by other segments like lifting and access equipment. The IC Engine segment dominates the market share in terms of Drive Type, however the Hybrid Type shows robust growth potential due to increasing environmental regulations.
- Key Drivers (North America): Strong infrastructure investment, steady economic growth, and established rental industry.
- Key Drivers (Europe): High construction activity, investments in renewable energy projects, and supportive government policies.
- Earthmoving Equipment: High demand due to construction projects across various sectors.
- IC Engine (Drive Type): Cost-effectiveness and established market presence.
- Hybrid Type (Drive Type): Growing popularity, driven by environmental regulations and fuel efficiency advantages.
Construction Equipment Rental Market Product Landscape
The construction equipment rental market offers a diverse range of equipment, from excavators and loaders to cranes and specialized tools. Recent innovations focus on improving fuel efficiency, enhancing safety features, and integrating advanced technologies like GPS tracking and remote diagnostics. These technological advancements deliver increased operational efficiency, reduced downtime, and improved safety for operators. Key selling propositions for rental companies include flexible rental terms, maintenance services, and operator training.
Key Drivers, Barriers & Challenges in Construction Equipment Rental Market
Key Drivers: Growing infrastructure spending globally, rising urbanization, and increasing demand for construction projects in developing economies are primary drivers. Government initiatives promoting infrastructure projects, alongside technological advancements offering greater efficiency and safety, further accelerate market growth.
Challenges: Economic downturns can significantly impact rental demand. Supply chain disruptions, coupled with rising fuel and material costs, pose significant challenges. Intense competition and stringent environmental regulations also create obstacles to sustainable growth.
Emerging Opportunities in Construction Equipment Rental Market
The expansion of rental services into new geographic markets, particularly in developing economies, offers substantial opportunities. Demand for specialized equipment for infrastructure projects, such as renewable energy and smart city initiatives, is also high. The integration of digital technologies and data analytics opens opportunities for optimized fleet management and predictive maintenance.
Growth Accelerators in the Construction Equipment Rental Market Industry
Technological advancements such as automation, telematics, and the introduction of electric or hybrid equipment, are leading growth in this market. Strategic acquisitions, creating larger rental fleets and enhancing market reach, are also significant growth factors. Expansion into new geographical markets and focusing on niche segments will continue to provide opportunities for long-term growth.
Key Players Shaping the Construction Equipment Rental Market Market
- Ashtead Group PLC
- Hitachi Construction Machinery (Hitachi Group)
- Nishio Rent All Co
- Kanamoto Co Ltd
- Loxam
- CNH Industrial
- Sumitomo Corp
- H&E Equipment Services Inc
- Liebherr International AG
- HSS Hire Group PLC
- Herc Rentals Inc
- Cramo Oyj
- Caterpillar
- United Rentals Inc
Notable Milestones in Construction Equipment Rental Market Sector
- June 2023: Renta Group acquired My Lift, adding EUR 30 million in annual revenue.
- August 2023: Zeppelin Rental acquired Bauhof Service GmbH, expanding its service offerings.
- November 2022: Maxim Crane Works launched Maxim MarketplaceTM, an online used equipment platform.
- December 2023: MyCrane launched its own US operations.
In-Depth Construction Equipment Rental Market Market Outlook
The Construction Equipment Rental Market is poised for sustained growth, driven by ongoing infrastructure development and technological advancements. The increasing adoption of eco-friendly equipment and the expansion of digital solutions present lucrative opportunities for both established players and new entrants. Strategic partnerships and investments in innovative technologies will be crucial for success in this dynamic market. The market's future potential hinges on successful navigation of economic fluctuations, supply chain complexities, and increasingly stringent environmental regulations.
Construction Equipment Rental Market Segmentation
-
1. Vehicle Type
-
1.1. Earthmoving Equipment
- 1.1.1. Backhoe
- 1.1.2. Loaders
- 1.1.3. Excavators
- 1.1.4. Other Earthmoving Equipment
-
1.2. Material Handling
- 1.2.1. Cranes
- 1.2.2. Dump Trucks
-
1.1. Earthmoving Equipment
-
2. Drive Type
- 2.1. IC Engine
- 2.2. Hybrid Type
Construction Equipment Rental Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
- 1.4. Rest of North America
-
2. Europe
- 2.1. Germany
- 2.2. United Kingdom
- 2.3. France
- 2.4. Spain
- 2.5. Italy
- 2.6. Rest of Europe
-
3. Asia Pacific
- 3.1. China
- 3.2. Japan
- 3.3. India
- 3.4. Australia
- 3.5. South Korea
- 3.6. Rest of Asia Pacific
-
4. South America
- 4.1. Brazil
- 4.2. Argentina
- 4.3. Rest of South America
-
5. Middle East and Africa
- 5.1. United Arab Emirates
- 5.2. South Africa
- 5.3. Rest of Middle East and Africa
Construction Equipment Rental Market Regional Market Share
Geographic Coverage of Construction Equipment Rental Market
Construction Equipment Rental Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.85% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growth in Construction Industry
- 3.3. Market Restrains
- 3.3.1. High Maintenance Cost of Construction Equipment
- 3.4. Market Trends
- 3.4.1. ICE Engine is Expected to Hold the Highest Share
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Construction Equipment Rental Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 5.1.1. Earthmoving Equipment
- 5.1.1.1. Backhoe
- 5.1.1.2. Loaders
- 5.1.1.3. Excavators
- 5.1.1.4. Other Earthmoving Equipment
- 5.1.2. Material Handling
- 5.1.2.1. Cranes
- 5.1.2.2. Dump Trucks
- 5.1.1. Earthmoving Equipment
- 5.2. Market Analysis, Insights and Forecast - by Drive Type
- 5.2.1. IC Engine
- 5.2.2. Hybrid Type
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. South America
- 5.3.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 6. North America Construction Equipment Rental Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 6.1.1. Earthmoving Equipment
- 6.1.1.1. Backhoe
- 6.1.1.2. Loaders
- 6.1.1.3. Excavators
- 6.1.1.4. Other Earthmoving Equipment
- 6.1.2. Material Handling
- 6.1.2.1. Cranes
- 6.1.2.2. Dump Trucks
- 6.1.1. Earthmoving Equipment
- 6.2. Market Analysis, Insights and Forecast - by Drive Type
- 6.2.1. IC Engine
- 6.2.2. Hybrid Type
- 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 7. Europe Construction Equipment Rental Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 7.1.1. Earthmoving Equipment
- 7.1.1.1. Backhoe
- 7.1.1.2. Loaders
- 7.1.1.3. Excavators
- 7.1.1.4. Other Earthmoving Equipment
- 7.1.2. Material Handling
- 7.1.2.1. Cranes
- 7.1.2.2. Dump Trucks
- 7.1.1. Earthmoving Equipment
- 7.2. Market Analysis, Insights and Forecast - by Drive Type
- 7.2.1. IC Engine
- 7.2.2. Hybrid Type
- 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 8. Asia Pacific Construction Equipment Rental Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 8.1.1. Earthmoving Equipment
- 8.1.1.1. Backhoe
- 8.1.1.2. Loaders
- 8.1.1.3. Excavators
- 8.1.1.4. Other Earthmoving Equipment
- 8.1.2. Material Handling
- 8.1.2.1. Cranes
- 8.1.2.2. Dump Trucks
- 8.1.1. Earthmoving Equipment
- 8.2. Market Analysis, Insights and Forecast - by Drive Type
- 8.2.1. IC Engine
- 8.2.2. Hybrid Type
- 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 9. South America Construction Equipment Rental Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 9.1.1. Earthmoving Equipment
- 9.1.1.1. Backhoe
- 9.1.1.2. Loaders
- 9.1.1.3. Excavators
- 9.1.1.4. Other Earthmoving Equipment
- 9.1.2. Material Handling
- 9.1.2.1. Cranes
- 9.1.2.2. Dump Trucks
- 9.1.1. Earthmoving Equipment
- 9.2. Market Analysis, Insights and Forecast - by Drive Type
- 9.2.1. IC Engine
- 9.2.2. Hybrid Type
- 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 10. Middle East and Africa Construction Equipment Rental Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 10.1.1. Earthmoving Equipment
- 10.1.1.1. Backhoe
- 10.1.1.2. Loaders
- 10.1.1.3. Excavators
- 10.1.1.4. Other Earthmoving Equipment
- 10.1.2. Material Handling
- 10.1.2.1. Cranes
- 10.1.2.2. Dump Trucks
- 10.1.1. Earthmoving Equipment
- 10.2. Market Analysis, Insights and Forecast - by Drive Type
- 10.2.1. IC Engine
- 10.2.2. Hybrid Type
- 10.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Ashtead Group PLC
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Hitachi Construction Machinery (Hitachi Group)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Nishio Rent All Co
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Kanamoto Co Ltd
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Loxam
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 CNH Industrial
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Sumitomo Corp
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 H&E Equipment Services Inc
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Liebherr International AG
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 HSS Hire Group PLC
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Herc Rentals Inc
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 Cramo Oyj
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.13 Caterpillar
- 11.2.13.1. Overview
- 11.2.13.2. Products
- 11.2.13.3. SWOT Analysis
- 11.2.13.4. Recent Developments
- 11.2.13.5. Financials (Based on Availability)
- 11.2.14 United Rentals Inc
- 11.2.14.1. Overview
- 11.2.14.2. Products
- 11.2.14.3. SWOT Analysis
- 11.2.14.4. Recent Developments
- 11.2.14.5. Financials (Based on Availability)
- 11.2.1 Ashtead Group PLC
List of Figures
- Figure 1: Global Construction Equipment Rental Market Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Construction Equipment Rental Market Revenue (Million), by Vehicle Type 2025 & 2033
- Figure 3: North America Construction Equipment Rental Market Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 4: North America Construction Equipment Rental Market Revenue (Million), by Drive Type 2025 & 2033
- Figure 5: North America Construction Equipment Rental Market Revenue Share (%), by Drive Type 2025 & 2033
- Figure 6: North America Construction Equipment Rental Market Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Construction Equipment Rental Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: Europe Construction Equipment Rental Market Revenue (Million), by Vehicle Type 2025 & 2033
- Figure 9: Europe Construction Equipment Rental Market Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 10: Europe Construction Equipment Rental Market Revenue (Million), by Drive Type 2025 & 2033
- Figure 11: Europe Construction Equipment Rental Market Revenue Share (%), by Drive Type 2025 & 2033
- Figure 12: Europe Construction Equipment Rental Market Revenue (Million), by Country 2025 & 2033
- Figure 13: Europe Construction Equipment Rental Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Asia Pacific Construction Equipment Rental Market Revenue (Million), by Vehicle Type 2025 & 2033
- Figure 15: Asia Pacific Construction Equipment Rental Market Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 16: Asia Pacific Construction Equipment Rental Market Revenue (Million), by Drive Type 2025 & 2033
- Figure 17: Asia Pacific Construction Equipment Rental Market Revenue Share (%), by Drive Type 2025 & 2033
- Figure 18: Asia Pacific Construction Equipment Rental Market Revenue (Million), by Country 2025 & 2033
- Figure 19: Asia Pacific Construction Equipment Rental Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: South America Construction Equipment Rental Market Revenue (Million), by Vehicle Type 2025 & 2033
- Figure 21: South America Construction Equipment Rental Market Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 22: South America Construction Equipment Rental Market Revenue (Million), by Drive Type 2025 & 2033
- Figure 23: South America Construction Equipment Rental Market Revenue Share (%), by Drive Type 2025 & 2033
- Figure 24: South America Construction Equipment Rental Market Revenue (Million), by Country 2025 & 2033
- Figure 25: South America Construction Equipment Rental Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Middle East and Africa Construction Equipment Rental Market Revenue (Million), by Vehicle Type 2025 & 2033
- Figure 27: Middle East and Africa Construction Equipment Rental Market Revenue Share (%), by Vehicle Type 2025 & 2033
- Figure 28: Middle East and Africa Construction Equipment Rental Market Revenue (Million), by Drive Type 2025 & 2033
- Figure 29: Middle East and Africa Construction Equipment Rental Market Revenue Share (%), by Drive Type 2025 & 2033
- Figure 30: Middle East and Africa Construction Equipment Rental Market Revenue (Million), by Country 2025 & 2033
- Figure 31: Middle East and Africa Construction Equipment Rental Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Construction Equipment Rental Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
- Table 2: Global Construction Equipment Rental Market Revenue Million Forecast, by Drive Type 2020 & 2033
- Table 3: Global Construction Equipment Rental Market Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Construction Equipment Rental Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
- Table 5: Global Construction Equipment Rental Market Revenue Million Forecast, by Drive Type 2020 & 2033
- Table 6: Global Construction Equipment Rental Market Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Mexico Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Rest of North America Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 11: Global Construction Equipment Rental Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
- Table 12: Global Construction Equipment Rental Market Revenue Million Forecast, by Drive Type 2020 & 2033
- Table 13: Global Construction Equipment Rental Market Revenue Million Forecast, by Country 2020 & 2033
- Table 14: Germany Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: United Kingdom Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: France Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 17: Spain Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 18: Italy Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 19: Rest of Europe Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 20: Global Construction Equipment Rental Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
- Table 21: Global Construction Equipment Rental Market Revenue Million Forecast, by Drive Type 2020 & 2033
- Table 22: Global Construction Equipment Rental Market Revenue Million Forecast, by Country 2020 & 2033
- Table 23: China Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: Japan Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: India Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 26: Australia Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 27: South Korea Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 28: Rest of Asia Pacific Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 29: Global Construction Equipment Rental Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
- Table 30: Global Construction Equipment Rental Market Revenue Million Forecast, by Drive Type 2020 & 2033
- Table 31: Global Construction Equipment Rental Market Revenue Million Forecast, by Country 2020 & 2033
- Table 32: Brazil Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 33: Argentina Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 34: Rest of South America Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 35: Global Construction Equipment Rental Market Revenue Million Forecast, by Vehicle Type 2020 & 2033
- Table 36: Global Construction Equipment Rental Market Revenue Million Forecast, by Drive Type 2020 & 2033
- Table 37: Global Construction Equipment Rental Market Revenue Million Forecast, by Country 2020 & 2033
- Table 38: United Arab Emirates Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 39: South Africa Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 40: Rest of Middle East and Africa Construction Equipment Rental Market Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Construction Equipment Rental Market?
The projected CAGR is approximately 4.85%.
2. Which companies are prominent players in the Construction Equipment Rental Market?
Key companies in the market include Ashtead Group PLC, Hitachi Construction Machinery (Hitachi Group), Nishio Rent All Co, Kanamoto Co Ltd, Loxam, CNH Industrial, Sumitomo Corp, H&E Equipment Services Inc, Liebherr International AG, HSS Hire Group PLC, Herc Rentals Inc, Cramo Oyj, Caterpillar, United Rentals Inc.
3. What are the main segments of the Construction Equipment Rental Market?
The market segments include Vehicle Type, Drive Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 134.88 Million as of 2022.
5. What are some drivers contributing to market growth?
Growth in Construction Industry.
6. What are the notable trends driving market growth?
ICE Engine is Expected to Hold the Highest Share.
7. Are there any restraints impacting market growth?
High Maintenance Cost of Construction Equipment.
8. Can you provide examples of recent developments in the market?
December 2023: The online crane rental service based in Dubai, MyCrane, started its own operation in the United States. The company stated that it chose to set up its own operations in the United States rather than appointing a franchisee, as it has done in other locations.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Construction Equipment Rental Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Construction Equipment Rental Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Construction Equipment Rental Market?
To stay informed about further developments, trends, and reports in the Construction Equipment Rental Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence