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 models over outright purchase among construction companies is a significant driver. This trend is fueled by cost-effectiveness, flexibility, and reduced capital expenditure. Furthermore, the growth of infrastructure development projects worldwide, particularly in emerging economies experiencing rapid urbanization, is significantly boosting market demand. Technological advancements in construction equipment, leading to increased efficiency and productivity, further contribute to market expansion. The rising adoption of hybrid and electric-powered equipment underscores a growing focus on sustainability within the construction industry, impacting segment growth. However, market growth faces some restraints, primarily fluctuating fuel prices, economic downturns impacting construction activity, and potential supply chain disruptions affecting equipment availability. The market is segmented by drive type (IC engine, hybrid) and vehicle type (earthmoving equipment, material handling equipment), with earthmoving equipment dominating the market share due to its extensive use in large-scale infrastructure projects. Major players, including Ashtead Group PLC, Hitachi Construction Machinery, and United Rentals Inc., are actively shaping the market through strategic acquisitions, technological innovations, and geographic expansion.
Construction Equipment Rental Market Market Size (In Billion)
The market's regional distribution shows significant presence across North America and Europe, fueled by robust construction activity and a mature rental market infrastructure. However, the Asia-Pacific region is projected to witness the fastest growth in the forecast period (2025-2033), driven by significant infrastructure investments and rapid economic development. This growth presents lucrative opportunities for market players, especially those focusing on emerging markets with potential for expansion and market penetration. Competitive strategies will focus on fleet modernization, technological advancements in equipment management (telematics), and enhanced customer service to maintain a competitive edge. The continued growth of the construction sector, coupled with an increasing preference for rental services, positions the construction equipment rental market for sustained expansion in the coming years. Effective risk management strategies, addressing fuel price volatility and potential economic downturns, will be crucial for long-term success.
Construction Equipment Rental Market Company Market Share
Construction Equipment Rental Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the Construction Equipment Rental Market, encompassing market dynamics, growth trends, regional segmentation, product landscape, and key players. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report offers invaluable insights for industry professionals, investors, and strategic decision-makers. The market is segmented by drive type (IC Engine, Hybrid Type) and vehicle type (Earthmoving Equipment, Other Earthmoving Equipment: Material Handling). The global market size in 2025 is estimated at xx Million units.
Construction Equipment Rental Market Dynamics & Structure
The Construction Equipment Rental Market is characterized by moderate concentration, with several major players holding significant market share. Technological innovation, particularly in areas like telematics and automation, is a key driver. Regulatory frameworks concerning safety and emissions influence operational costs and equipment specifications. Competitive substitutes include purchasing equipment outright, although rental offers cost-effectiveness and flexibility. The end-user demographics encompass various construction sectors, including residential, commercial, and infrastructure development. Mergers and acquisitions (M&A) are frequent, demonstrating industry consolidation and expansion strategies.
- Market Concentration: The top 5 players account for approximately xx% of the global market share in 2025.
- Technological Innovation: Adoption of IoT-enabled equipment, autonomous operation, and remote diagnostics are transforming the industry.
- Regulatory Framework: Stringent safety and emission standards influence equipment choices and operational procedures.
- M&A Activity: An estimated xx M&A deals were recorded between 2019 and 2024, indicating significant consolidation.
Construction Equipment Rental Market Growth Trends & Insights
The Construction Equipment Rental Market exhibits robust growth, driven by increasing construction activity globally and a preference for rental over ownership. The market size expanded from xx Million units in 2019 to xx Million units in 2024, demonstrating a compound annual growth rate (CAGR) of xx%. This growth trajectory is expected to continue, with a projected CAGR of xx% from 2025 to 2033. Technological disruptions, such as the adoption of electric and hybrid equipment, are reshaping market dynamics, while shifts in consumer behavior towards sustainability and efficiency are further influencing market growth. Market penetration is particularly high in developed economies, but emerging markets are experiencing accelerated growth.
Dominant Regions, Countries, or Segments in Construction Equipment Rental Market
North America currently holds the largest market share in the Construction Equipment Rental Market, driven by robust infrastructure development and a well-established rental sector. Europe and Asia-Pacific follow, with significant growth potential in emerging economies. Within the segments, IC Engine-powered earthmoving equipment constitutes the largest segment, while the hybrid type segment exhibits promising growth prospects due to environmental regulations and cost-efficiency advantages.
- Key Drivers for North America: Strong infrastructure spending, government initiatives, and a large construction sector.
- Key Drivers for Europe: Investments in renewable energy projects and ongoing urbanization drive demand.
- Key Drivers for Asia-Pacific: Rapid infrastructure development and urbanization in emerging economies fuel market growth.
- Segment Dominance: The IC Engine segment holds the largest market share due to established technology and cost-effectiveness. However, the Hybrid Type segment is expected to witness substantial growth due to sustainability concerns.
Construction Equipment Rental Market Product Landscape
The market offers a wide array of equipment, from excavators and cranes to smaller tools and specialized machinery. Recent innovations focus on improved fuel efficiency, enhanced safety features, and advanced technological integration, such as telematics for remote monitoring and predictive maintenance. Unique selling propositions include flexible rental terms, readily available maintenance, and on-demand accessibility.
Key Drivers, Barriers & Challenges in Construction Equipment Rental Market
Key Drivers: Growing construction activity globally, increasing preference for rental over ownership due to cost savings and flexibility, technological advancements leading to improved equipment efficiency and safety features, and government support for infrastructure projects.
Challenges: Fluctuations in construction activity due to economic cycles, intense competition among rental companies, rising fuel and maintenance costs, and supply chain disruptions impacting equipment availability. These challenges can impact profitability and market growth, potentially reducing the CAGR by xx% in years with significant disruptions.
Emerging Opportunities in Construction Equipment Rental Market
Emerging markets in developing economies present significant opportunities, alongside the increasing adoption of sustainable and technologically advanced equipment. Expansion into specialized rental niches, such as equipment for renewable energy projects and smart infrastructure, offers significant growth potential.
Growth Accelerators in the Construction Equipment Rental Market Industry
Technological breakthroughs, such as automation and AI-powered equipment, are key growth catalysts. Strategic partnerships among rental companies and technology providers are accelerating innovation and enhancing service offerings. Expanding into new geographic markets and focusing on specialized equipment rental segments will further propel market expansion.
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's acquisition of My Lift expands its Norwegian presence and revenue.
- August 2023: Zeppelin Rental expands its services through the acquisition of Bauhof Service GmbH.
- November 2022: Maxim Crane Works LP launches Maxim MarketplaceTM, a used equipment sales platform.
- December 2023: MyCrane expands its operations to the United States.
In-Depth Construction Equipment Rental Market Market Outlook
The Construction Equipment Rental Market is poised for continued growth, driven by long-term infrastructure investments and technological advancements. Strategic partnerships and market expansion into emerging economies offer significant opportunities for growth and profitability. The continued adoption of sustainable technologies and digitalization within the industry will further shape the market landscape.
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