Construction Equipment Rental Market To Reach $280.13 Billion By 2030

Construction Equipment Rental Market Growth & Trends

The global construction equipment rental market size is expected to reach USD 280.13 billion by 2030, registering a CAGR of 5.6% from 2025 to 2030, 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 54.7% in 2024. 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 2024. Electric is expected to register the highest growth rate over the forecast period.

• The Asia Pacific market accounted for 49.7% share of the overall market in 2024. 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 2024. 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 global construction equipment rental market report based on product, drive type, and region:

Construction Equipment Rental Product Outlook (Revenue, USD Million, 2018 - 2030)

• Earthmoving machinery

• Material handling machinery

• Concrete & road construction

Construction Equipment Rental Drive Type Outlook (Revenue, USD Million, 2018 - 2030)

• ICE

• Electric

Construction Equipment Rental Region Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

• Middle East & Africa (MEA)

  • South Africa

  • Algeria

  • Saudi Arabia

  • Kenya

List of Key Players of 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.