Construction Equipment Rental Market To Reach $339.04 Billion By 2033

Construction Equipment Rental Market Growth & Trends

The global construction equipment rental market size is estimated to reach USD 339.04 billion by 2033, registering to grow at a CAGR of 6.1% from 2026 to 2033, according to a new report by Grand View Research, Inc. Increasing government spending on infrastructure projects and rising Foreign Direct Investment (FDI) in the building sector for skyscrapers, motorways, bridges, and smart cities is driving the growth. The market for renting construction equipment is expanding as a result of ongoing technological advancements that result in modern construction tools that focus on projects and streamline the entire construction process. Small and medium-sized construction enterprises and contractors are encouraged to use rental construction equipment due to the higher total cost of ownership of modern construction equipment and machines. Additionally, construction equipment leasing offers a cost-effective substitute for purchasing for construction companies since it lowers the costs of ownership such as maintenance, repair, insurance, and storage.

The pandemic led to a global lockdown and disrupted the supply chain, which had a significant impact on the industrial, building, and mining industries. Following the pandemic, problems with the supply of skilled labor, rising raw material prices, and high EMIs have exacerbated uncertainty in the construction business, slowing expansion. The market for construction rental equipment is expanding as a result of larger construction enterprises migrating to renting equipment in order to prevent risk aversion and lessen uncertainty.

Asia Pacific is expected to witness a high pace of growth during the forecast period. The major participants in the Chinese construction equipment rental market are concentrating on creating cutting-edge machinery that uses less fuel, produces more, and minimizes machine downtime, driving the growth of the construction equipment rental market. Additionally, the Indian government is making significant investments in expansive infrastructure projects to strengthen the nation's economy; as a result, these factors are anticipated to support the expansion of the construction equipment market in the area.

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Construction Equipment Rental Market Report Highlights

• Earthmoving machinery led the market and accounted for 54.2% in 2025. The concrete and road construction machinery segment is anticipated to register the highest growth rate over the forecast period.

• The ICE segment accounted for the largest market revenue share in 2025. Electric is expected to register the highest growth rate over the forecast period.

• The Asia Pacific market accounted for 50.5% share of the overall market in 2025. The urbanization, expanding infrastructure development, and the rising cost of owning equipment drive rental demand across the region's developed and emerging economies.

• The construction equipment rental industry in Europe was identified as a lucrative region in 2025. Germany's construction equipment rental market is poised for strong growth, supported by robust investment in transport infrastructure, renewable energy, and public utilities.

Construction Equipment Rental Market Segmentation

Grand View Research has segmented the global construction equipment rental market based on product, drive type, and region. 

Construction Equipment Rental Product Outlook (Revenue, USD Billion, 2021 - 2033)

• Earthmoving Machinery

• Material Handling Machinery

• Concrete & Road Construction

Construction Equipment Rental Drive Type Outlook (Revenue, USD Billion, 2021 - 2033)

• ICE

• Electric

Construction Equipment Rental Regional Outlook (Revenue, USD Billion, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • KSA

  • UAE

  • South Africa

List of Key Players in Construction Equipment Rental Market

• Ahern Rentals Inc.

• AKTIO Corporation

• Caterpillar Inc.

• Byrne Equipment Rental

• Cramo Plc

• Finning International Inc.

• Liebherr-International AG

• Kanamoto Co., Ltd.

• Maxim Crane Works, L.P.

• United Rentals, Inc.