Construction Equipment Rental Market Size, Share & Trends Report

Construction Equipment Rental Market Size, Share & Trends Analysis Report By Product (Earth Moving, Material Handling, Concrete & Road Construction), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Jul, 2018
  • Base Year for Estimate: 2016
  • Report ID: 978-1-68038-678-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 175

Industry Insights

The global construction equipment rental market size was valued at USD 159.35 billion in 2016. Growth can be attributed to surge in construction and mining activities, particularly in developing countries. Additionally, introduction of advanced technology equipment in the rental fleet helps in reducing procurement and operational cost of machinery, which is anticipated to boost demand for rentals.

China construction equipment rental market

Technological advancements in automotive and heavy machinery sectors has brought many new features to the market. Safety and security features such as adaptive cruise control, lane departure warning, and automated break systems ensure driver safety.

However, these safety features come at a high price, which is not affordable to many small builders and contractors. Thus, these professionals prefer to rent construction machinery. This not only saves the cost of buying new equipment but reduces the incurrence of expenses such as labor cost, maintenance cost, and operational costs. The cost of timely maintenance, repair, and checking is also avoided.

Construction equipment rental companies perform all these tasks regularly, to gain long-term profit from the machinery. These companies are now also focusing on providing onsite services and support for equipment, which further enhances customer experience. Companies such as Caterpillar Inc. offer quick response teams to help customers at remote locations through mobile servicing vans.

Product Insights

The construction equipment rental market can be segmented on the basis of product into earth moving machinery, material handling machinery and concrete and road construction machinery. The earth moving machinery segment dominated the market in 2016. However, the material handling machinery segment is anticipated to exhibit the highest CAGR of 5.3% from 2017 to 2025.

Earth moving machinery such as excavators enjoy enormous demand around the world as it has a wide application scope in construction, mining, and agriculture sectors. Other equipment in this category are skid-steer loaders, backhoe loaders, crawler excavators, and mini excavators, which also present attractive market potential. North America alone accounts for more than 75.0% demand for skid-steer loaders. These have high load capacity and engine power, which enable them to efficiently work in harsh conditions.

Global construction equipment rental market

The material handling equipment segment comprises crawler cranes, trailer-mounted cranes, and truck-mounted cranes. Growing construction of skyscrapers and mega infrastructure projects are anticipated to boost demand for these types of machinery. Truck-mounted cranes form the largest segment owing to easy mobility. They are used for construction of buildings, bridges, dams, and others. On the other hand, traditional crawler cranes are witnessing a steep fall in demand since the last decade. Crawler cranes are difficult to be carried on long distances and they need to be loaded on to other vehicles for transportation. These cranes also have lower material handling capacity.

Demand for concrete and road construction machinery is anticipated to grow over the forecast period. Roads are considered an indicator of a country’s overall development as better road connectivity aids in improved trade and economic growth. Thus, many developing countries such as China and India are focusing on developing better road connectivity. For instance, China’s ambitious “One Belt, One Road” initiative will connect China with European countries. Similarly, the Indian government’s “Bharatmala” project focuses on connecting all prominent cities in the country with a single road.

Such projects are boosting demand for concrete and road construction machinery around the world. Demand for concrete mixer trucks is rising owing to increased construction projects globally. Construction pumps are anticipated to gain significant market share, especially in Middle East and Africa, wherein the trend of building massive infrastructures is high.

Regional Insights

Asia Pacific dominated the global market in 2016. China is a worldwide leader in construction machinery manufacturing, owing to availability of advanced manufacturing facilities, cheaper labor cost, and high production capacity. China exports its machinery to European and other Asian countries. North America accounted for a share of over 23.0% in 2016 and is a prominent demand holder for excavator and loaders.

Although the European market has less demand for new equipment, it is one of the prominent markets for used ones. Europe imports construction machinery from U.S. and China. Middle East and Africa is anticipated to exhibit the highest CAGR of 9.0% from 2017 to 2025. Countries such as U.K. and Saudi Arabia are driving tremendous demand for rental equipment such as excavators and loaders owing to surge in mega projects such as “The World Islands”.

Construction Equipment Rental Market Share Insights

The market is highly competitive and relatively concentrated, with the top four companies accounting for the maximum share in the global revenue in 2016. Key players including Ashtead Group; United Rental; Aggreko; Herc Rentals Inc.; and Aktio Corp. dominated the market in 2016. Technologically advanced and fuel-efficient products are expected to be a critical parameter for being competitive in this market, with frequent mergers and acquisitions being undertaken as an attempt to diversify product portfolio and gain market share.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation                                                  

Revenue in USD Billion and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, U.K., Germany, France, Italy, Spain, Russia, China, India, Japan, Brazil, Mexico, South Africa, Algeria, Kingdom of Saudi Arabia, Kenya

Report coverage              

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global construction equipment rental market report on the basis of product and region:

  • Product Outlook (Revenue, USD Billion, 2014 - 2025)

    • Earth Moving Machinery

    • Material Handling Machinery

    • Concrete & Road Construction Machinery

  • Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Algeria

      • Saudi Arabia

      • Kenya

Key questions answered by the report
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