Construction Equipment Rental Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis R

Increasing government spending on industrial and commercial construction activities and projects is a key factor driving construction equipment rental market revenue growth.

The global construction equipment rental market size reached USD 104.46 Billion in 2021, and is expected to register a revenue CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. High maintenance cost of construction equipment is a key factor driving revenue growth of the global construction equipment rental market.

The construction equipment rental industry is significantly impacted by labor shortage, as the industry requires a variety of people, including service technicians, certified mechanics, and delivery drivers, for different operations. The construction equipment industry is currently facing a shortage of experienced technicians and is, therefore, looking to public policy measures to encourage more young people to join the profession. Many construction equipment companies are moving towards automation, such as driverless vehicles, while contractors may opt for increasing use of rental equipment, due to labor scarcity as well as to stay ahead of the competition.

Market Size – USD 104.46 Billion in 2021, Market Growth – at a CAGR of 5.4%, Market Trend – High demand from Asia Pacific

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Scope of The Report

The Construction Equipment Rental market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research. The assessment of the wining strategies followed by these companies can help business owners not only strategize but also execute business operations by referring the statistics about competitor analysis. Careful assessment of the industry analysis across different regions along with vital information on the market size, share and growth rate makes this report a wonderful resource for business evangelists.

Global Construction Equipment Rental market competition by TOP MANUFACTURERS, with production, price, and revenue (value) and market share for each manufacturer; the top players including:

  • Some major companies in the global market report include Loxam Group, United Rentals, Inc., Cramo Group, Mtandt Group, NESCO Specialty Rentals, Boels Rental, Ahern Rentals, Caterpillar Inc., Herc Rentals Inc., and Speedy Hire Plc.

Emergen Research has segmented the global construction equipment rental market on the basis of equipment type, product type, application, and region:

  • Equipment Type Outlook (Revenue, USD Billion; 2019-2030)
    • Earthmoving
    • Material Handling
    • Road Building
    • Concrete
  • Product Type Outlook (Revenue, USD Billion; 2019-2030)
    • Excavators
    • Cranes
    • Backhoes
    • Crawler Dozers
    • Concrete Pumps
  • Application Outlook (Revenue, USD Billion; 2019-2030)
    • Real Estate
    • Transport Power
    • Energy Infrastructure
    • Others

Regional Analysis of the Market:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)


Some Key Highlights From the Report

  • Excavators segment accounted for second-largest revenue share in 2021. Excavators are common earthmoving vehicles that feature a bucket, an arm, a rotating cab, and movable tracks. These features provide superior digging power and mobility, allowing heavy equipment to perform a variety of tasks, such as trenching and digging, lifting waste, and excavating mines, among various other tasks. The ability to operate in confined spaces and restricted areas while exerting low ground pressure is a key factor driving demand for such machinery and equipment. Excavators also have auxiliary hydraulics, which allow for greater attachment versatility, which is expected to further increase adoption and preference in the coming years.
  • Market in Asia Pacific accounted for largest revenue share in 2021. One of the major factors driving rapid demand for construction equipment rental services in countries in the region is rapid expansion of infrastructure development activities in countries such as India and China. China accounted for majority revenue share in the Asia Pacific market in 2021 due to availability of low cost labor, presence of advanced manufacturing facilities, and high production capacity in the country. China is the world's leading manufacturer of construction machinery, and exports a range of machinery and equipment to a number of European and Asian countries. These factors are expected to support revenue growth of the market.
  • In June 2021, The Loxam Group, which is a well-known equipment rental company headquartered in Paris, France, announced the acquisition of MaskinSlussen in Lidköping, Sweden, by its wholly-owned subsidiary Ramirent. The acquisition had strengthened Ramirent's core business of local equipment rental and expanded its geographical coverage, allowing it to better serve all customers.

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The Construction Equipment Rental Market report also includes an investment analysis and growth trend analysis to help readers maximize their return on investment. It highlights the growth opportunities existing in the global Construction Equipment Rental market segments. It offers an extensive investigation of the import-export status and the rates of production and consumption. The Construction Equipment Rental Market report also provides some of the essential market aspects to draw a forecast for the coming years based on the information derived as part of the historical analysis and an analysis of the current market scenario.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.


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