Construction Equipment Rental Market
Construction Equipment Rental Market Study by Earth Moving, Material Handling, and Concrete & Road Construction Machinery for Residential, Commercial, and Industrial Construction from 2024 to 2034
Analysis of Construction Equipment Rental Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Construction Equipment Rental Market Outlook (2024 to 2034)
Revenue from the global construction equipment rental market is estimated to reach US$ 131.2 billion in 2024. The market has been projected to climb to a value of US$ 201.81 billion by the end of 2034, expanding at a CAGR of 4.4% between 2024 and 2034.
Government investment in public infrastructure is increasingly propelling building and mining activities across multiple countries, thereby creating a substantial demand for construction equipment in the market. Escalating prices of construction machinery are prompting construction companies and contractors to pivot towards renting equipment.
Renting construction equipment offers many benefits, such as reduced maintenance and technical costs. Industry reports indicate a shift from traditional equipment to AI, telematics, and IoT-enabled machinery in response to rising fatalities at construction sites. These technological advancements are contributing to the expansion of the construction equipment rental market size.
These systems transmit data on engine idling hours, GPS location, and fuel consumption; however, their high cost poses a barrier for smaller contractors and builders. Consequently, the market addresses this issue by lowering total ownership costs and providing flexible rental options. Such innovations are projected to drive construction equipment rental market share during the forecast period.
Key Market Growth Drivers
- The benefits of leasing power generation equipment are more pronounced in today's economic environment, especially considering the cyclic nature of emerging enterprises.
- The emergence of new technologies and increased automation levels are fueling the growth of the market.
- Innovations such as equipment service tracking, mapping, and digitized services for automated enhancements are fueling market expansion.
- By opting to rent construction equipment, businesses avoid significant capital expenditures and the maintenance costs associated with owning machinery.
- Due to the varying needs for machinery based on projects and seasons, continuously purchasing different equipment becomes costly, prompting companies to favor renting.
- A notable construction equipment rental market trend is that contractors and construction firms are shifting from purchasing new equipment to leasing it for production sites, driven by cost-effectiveness and lower capital expenditures.
| Report Attribute | Detail |
|---|---|
| Construction Equipment Rental Market Size (2024E) | US$ 131.2 Billion |
| Forecasted Market Value (2034F) | US$ 201.81 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.4% CAGR |
| North America Market Share (2024E) | 27.6% |
| East Asia Market Value (2024E) | US$ 26.63 Billion |
| Earth Moving Machinery Segment Value (2034F) | US$ 110.39 Billion |
| Residential Construction Segment Value (2034F) | US$ 73.66 Billion |
| Key Companies Profiled | Titan Machinery Inc.; Associated Equipment Rentals Pvt. Ltd.; HSS ProService Ltd.; Kanamoto Co. Ltd.; United Rentals Inc.; Finning International Inc.; Herc Holdings Inc.; Aktio Corp.; Komatsu Ltd.; Sunstate Equipment Co., LLC; Cramo; and Texas First Rentals. |
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How are Construction Equipment Rental Services Helping Small Contractors?
“Rental Services Reducing Overall Cost of Ownership with Affordable Rental Options”
Technological advancements in the automotive and heavy equipment industries are enhancing the performance and efficiency of construction machinery. Leading companies in the construction equipment rental sector are focusing on developing smarter machines through proprietary technological systems or by partnering with manufacturers.
Telematics systems provide precise data on the location and performance metrics of construction equipment and vehicles. These systems track engine idle hours, GPS positions, and fuel consumption; however, they require significant investment, making them costly for many small contractors and builders. Consequently, construction equipment rental companies address this issue by lowering the overall cost of ownership and offering rental options.
What are the Challenges Faced by Construction Equipment Rental Companies?
“Requirement of High Capital to Start or Maintain Business”
Significant challenge for companies in the construction equipment rental business is the high initial capital requirement. To meet diverse client needs across various construction projects, rental firms must invest heavily to establish a wide range of equipment. This includes purchasing expensive machinery such as bulldozers, cranes, excavators, and specialized tools.
Companies must update their fleet with newer, more efficient models to remain competitive. The substantial financial barrier to entry for new companies and the expansion potential for established rental businesses are largely due to the costs of acquiring and maintaining such extensive inventories. This consequently affects construction equipment rental market growth.
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Country-wise Insights
In 2024, North America is estimated to lead with 27.6% of the global construction equipment rental market share. The East Asia market is evaluated to expand at a significant CAGR of 4.7% during the projection period (2024 to 2034).
Why are Construction Equipment Rental Businesses Booming in the United States?
“High Investments in Residential Construction Sector”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 28.57 Billion |
| Growth Rate (2024 to 2034) | 4.4% CAGR |
| Projected Value (2034F) | US$ 43.98 Billion |
In North America, the United States is poised to account for 78.9% of revenue share in 2024. Rising investment in the residential sector is fueling market growth in the United States. In addition, the development of innovative and fuel-efficient construction equipment with standard safety measures contributes to market expansion. Many organizations are adopting rental solutions to meet the increasing construction activity. The market is also expected to embrace new technology due to heightened government spending on public infrastructure and utilities.
- Alberta's government recently spent over $10 billion on infrastructure projects to enhance the province's economy. Thus, governmental developments are quite responsible for accelerating the growth in the United States market of construction equipment rentals.
- In December 2023, MyCrane, an online crane rental firm with its headquarters in Dubai, launched its own business in the United States. As it has done in other places, the firm said that it decided to establish its operations in the United States as opposed to selecting a franchisee.
Why Do Most Construction Companies in Japan Prefer Renting Equipment?
“Reconstruction Post Natural Disasters Necessitating Immediate Access to Equipment”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 5.89 Billion |
| Growth Rate (2024 to 2034) | 4.8% CAGR |
| Projected Value (2034F) | US$ 9.45 Billion |
Japan faces significant challenges from natural disasters such as earthquakes, tsunamis, typhoons, and volcanic eruptions due to its topography and geographic location. When these events occur, rapid reconstruction operations are necessary to address the severe damage to communities, buildings, and infrastructure. This urgency increases the demand for construction equipment.
Businesses and government organizations require various machinery to clear debris, repair roads, restore buildings, and implement measures to protect against future disasters, leading to a surge in construction equipment rentals during reconstruction and recovery periods.
Category-wise Insights
Based on end use, the market is segmented into residential, commercial, and industrial construction. The commercial construction segment holds a significant market share, and demand for equipment is projected to increase in residential and industrial construction at a 4.5% CAGR from 2024 to 2034.
Why is Demand for Earth-Moving Machinery Higher Compared to Other Equipment?
“Adaptability of Earth-Moving Machinery to Wide Range of Construction Tasks”
| Attribute | Earth-Moving Machinery |
|---|---|
| Segment Value (2024E) | US$ 71.64 Billion |
| Growth Rate (2024 to 2034) | 4.4% CAGR |
| Projected Value (2034F) | US$ 110.39 Billion |
In the construction equipment rental market, the demand for earth-moving machinery surpasses that for material handling, concrete, road construction machinery, and others due to its versatility and essential role in most building projects. Excavators, bulldozers, loaders, and graders exemplify the earth-moving equipment used in various tasks, ranging from road construction and landscaping to site preparation and foundation work. These machines are indispensable in nearly all construction projects, regardless of their scale or complexity.
Their multifunctionality makes them crucial throughout all phases of construction, from initial ground clearing to final grading. Additionally, the high costs associated with purchasing and maintaining such large equipment make renting a more attractive option for many contractors, particularly for short-term or specialized projects.
Which Industry Accounts for High Demand for Construction Equipment?
“Extensive Use of Construction Equipment in Commercial Projects”
| Attribute | Commercial Construction |
|---|---|
| Segment Value (2024E) | US$ 48.41 Billion |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 73.66 Billion |
Companies in the construction equipment rental industry are generating higher revenues from commercial projects. Compared to residential construction, commercial projects-such as office buildings, retail establishments, and industrial facilities-typically have larger scales and longer completion times. This allows rental businesses to charge higher fees due to extended rental periods and intensive equipment usage.
The growing commercial construction sector in various countries, driven by the increasing number of start-ups and the expansion of established companies seeking to enhance their market presence, further fuels the demand for construction equipment rentals.
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Competitive Landscape
Key players in the construction rental industry are focusing on providing flexible rental solutions such as short-term, medium-term, long-term, and rent-to-own programs to capture clients' attention and increase market presence. To provide better services, market players are launching digital platforms and mobile applications for equipment tracking, easy online bookings, and maintenance scheduling.
- In March 2024, the well-known American trench safety equipment rental company Trench Shore Rentals, Inc. sold all of its assets to Sunstate Equipment Co., LLC, a subsidiary of Sumitomo Corporation.
- In April 2023, Boels Rental created Cramo, a Nordic subsidiary, by acquiring the Norwegian firm BAS Maskinutleie. It increases the scope of its rental services in the Nordic region with this acquisition.
- In December 2022, the acquisition of Rental One, a full-service equipment and storage container rental company that provides a comprehensive line of construction equipment and supplies in 15 locations throughout the Dallas-Fort Worth Metroplex and Central Texas regions, was announced by Texas First Rentals, a division of HOLT.
- United Rentals and General Finance Corp. reached a formal agreement in April 2021 for United Rentals to buy General Finance for US$ 996 million. Under the terms of the transaction, United Rentals will buy General Finance for US$ 19 per cash share and assume US$ 400 million in net debt.
Fact.MR provides detailed information about the price points of prominent players in the construction equipment rental market positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of Construction Equipment Rental Market Research
-
By Product :
- Earth-Moving Machinery
- Material Handling Machinery
- Concrete & Road Construction Machinery
-
By End Use :
- Residential Construction
- Commercial Construction
- Industrial Construction
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Product
- 6.2. End Use
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product
- 7.1. Earth-Moving Machinery
- 7.2. Material Handling Machinery
- 7.3. Concrete & Road Construction Machinery
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 8.1. Residential Construction
- 8.2. Commercial Construction
- 8.3. Industrial Construction
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Product, End Use, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Titan Machinery Inc.
- 19.2. Associated Equipment Rentals Pvt. Ltd.
- 19.3. HSS ProService Ltd.
- 19.4. Kanamoto Co. Ltd.
- 19.5. United Rentals Inc.
- 19.6. Finning International Inc.
- 19.7. Herc Holdings Inc.
- 19.8. Aktio Corp.
- 19.9. Komatsu Ltd.
- 19.10. Sunstate Equipment Co., LLC
- 19.11. Cramo
- 19.12. Texas First Rentals
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Product, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Product, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Product, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Product, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Product, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Product, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Product, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Product, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the construction equipment rental market in 2024?
The global market for construction equipment rental is forecasted to reach US$ 131.2 billion in 2024.
What is the projection for the construction equipment rental market?
Worldwide revenue from construction equipment rentals is projected to reach US$ 201.81 billion by 2034-end.
At what rate is the demand for construction equipment rentals projected to increase?
Demand for construction equipment rentals is calculated to rise at 4.4% CAGR through 2034.
Who are the leading construction equipment rental companies?
Key market players are Titan Machinery Inc., Associated Equipment Rentals Pvt. Ltd., HSS ProService Ltd., and Kanamoto Co. Ltd.
Which equipment type accounts for a higher market share?
Earthmoving machinery is projected to hold 54.7% market share by 2034.
What is the demand outlook for construction equipment rentals in South Korea?
Revenue from construction equipment rental in South Korea is forecasted to reach US$ 6.28 billion by 2034.
Which region is projected to hold a high share of the global market?
North America is projected to account for 27.8% of the global market share by 2034.
Construction Equipment Rental Market