Construction Equipment Rental Market: Trends, Growth Drivers, and Revenue Forecast by 2024

The Construction Equipment Rental Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Construction Equipment Rental Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

The global construction equipment rental market size was valued at USD 120.86 billion in 2023. The market is projected to grow from USD 126.15 billion in 2024 to USD 200.85 billion by 2032, exhibiting a CAGR of 6.0% during the forecast period.

Recent industry developments are;

• Herc Holdings Inc. acquired Rapid Equipment Rental Limited, a Toronto-based rental company.
• H&E Equipment Services Inc., announced the relocation of its Georgetown branch to a Texas-based expanded unit.
• General Finance Corp. and United Rentals inked a definitive agreement for the former’s acquisition by United Rentals. The deal involved a transaction value of USD 996 million.
• Boels took over Cramo PLC to increase its customer base. The move was aimed at becoming one of the major players in the rental market in Europe.
• Sunbelt Rentals announced its partnership with Britishvolt, to support the development of Britishvolt’s first full-scale Cambois-based battery Gigaplant. This long-term deal will also see the companies work closely together to favor the development of battery solutions for power plants and heavy equipment to help decarbonize the construction and equipment rental sector.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

United Rentals, Inc. (U.S.), Loxam (France), Sunbelt (U.S.), Taiyokenki Rental Co., Ltd. (Japan), AKTIO Corporation (Japan), Herc Rentals Inc. (U.S.), Ahern Rentals. (U.S.), H&E Equipment Services, Inc. (U.S.), Nikken Corporation (Japan), Nishio Rent All Co. Ltd. (Japan)

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Construction Equipment Rental Market Segmentation:

By Equipment Type

• Earthmoving Equipment
• Material Handling Equipment
• Concrete & Road Construction Equipment
• Others

By Application

• Residential
• Commercial
• Industrial

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Construction Equipment Rental Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Construction Equipment Rental Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing demand for flexible financing options and cost-saving measures in the construction industry driving the preference for equipment rental.
  • Rapid urbanization and infrastructure development projects requiring access to a wide range of construction equipment without the burden of ownership costs.
• Restraints:
  • High operational costs and potential downtime associated with rental equipment may deter some contractors.
  • Competition from used equipment sales and the availability of financing options for new equipment purchases.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Construction Equipment Rental Market Regional Segmentation:

• North America (By Equipment Type, By Application, By Country)
  • U.S. (By Equipment Type)
  • Canada (By Equipment Type)
• Europe (By Equipment Type, By Application, By Country)

• • U.K. (By Equipment Type)
  • Germany (By Equipment Type)
  • France (By Equipment Type)
  • Italy (By Equipment Type)
  • Rest of Europe

• Asia Pacific (By Equipment Type, By Application, By Country)
  • China (By Equipment Type)
  • Japan (By Equipment Type)
  • India (By Equipment Type)
  • Southeast Asia (By Equipment Type)
  • Rest of Asia Pacific
• Middle East & Africa (By Equipment Type, By Application, By Country)

• • GCC Countries (By Equipment Type)
  • South Africa (By Equipment Type)
  • Rest of Middle East and Africa

• Latin America (By Equipment Type, By Application, By Country)

• • Brazil (By Equipment Type)
  • Mexico (By Equipment Type)
  • Rest of Latin America

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