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Construction Equipment Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global construction equipment rental market size reached US$ 102.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 144.82 Billion by 2027, exhibiting a growth rate (CAGR) of 5.80% during 2022-2027.

Construction equipment rental refers to the practice of leasing heavy machinery for earthmoving, material handling, concrete mixing and performing related tasks. There are majorly two types of equipment rental models available in the market. The wet hiring model involves the rental of construction equipment along with personnel to operate and maintain the equipment. On the other hand, under the dry hiring model, the equipment is operated and maintained by in-house specialists of the enterprise. Renting is more cost-effective as it involves paying a lower maintenance fee and fewer technical charges. This practice also aids the organization in evading initial purchase costs, market fluctuations, depreciation and storage issues in comparison to purchasing first-hand equipment.

Construction Equipment Rental Market Trends:

The thriving construction industry across the globe, along with the increasing investments in infrastructural development, is one of the key factors driving the growth of the market. With rapid population expansion and growing consumer expenditure capacity, there has emerged an imminent need for the evolution of the residential and public infrastructural sectors. Consequently, governments of various countries, along with numerous private stakeholders, are investing significantly and undertaking projects for an overall framework development of their respective economies. Additionally, the emerging trend of automation in the construction industry is another major growth-inducing factor. Rental companies are now providing technologically advanced machinery that is equipped with artificial intelligence (AI), along with professional operators and drivers. This aids in reducing the overall costs for the lessee/organization, thus enhancing operational efficiency. Other factors, including rapid urbanization, the increasing trend of smart cities, and the development of advanced equipment with sustainable and eco-friendly features, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global construction equipment rental market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on equipment type, propulsion system and application.

Breakup by Equipment Type:

  • Earthmoving
    • Excavator
    • Loader
    • Backhoe
    • Motor Grader
    • Others
  • Material Handling
    • Crawler Crane
    • Trailer-Mounted Crane
    • Truck-Mounted Crane
  • Concrete and Road Construction
     

Breakup by Propulsion System:

  • Electric
  • ICE
     

Breakup by Application:

  • Residential
  • Commercial
  • Industrial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ahern Rentals Inc., Boels Rental, Caterpillar Inc., Finning International Inc., H&E Equipment Services Inc., Herc Rentals Inc., Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), Liebherr-International AG, Nishio Rent All Vietnam Co. Ltd, Ramirent Oy, United Rentals Inc. and Kanamoto Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Equipment Type, Propulsion System, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ahern Rentals Inc., Boels Rental, Caterpillar Inc., Finning International Inc., H&E Equipment Services Inc., Herc Rentals Inc., Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), Liebherr-International AG, Nishio Rent All Vietnam Co. Ltd, Ramirent Oy, United Rentals Inc. and Kanamoto Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global construction equipment rental market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global construction equipment rental market?
  • What are the key regional markets?
  • What is the breakup of the market based on the equipment type?
  • What is the breakup of the market based on the propulsion system?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global construction equipment rental market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Construction Equipment Rental Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Equipment Type
    6.1    Earthmoving
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Excavator
           6.1.2.2 Loader
           6.1.2.3 Backhoe
           6.1.2.4 Motor Grader
           6.1.2.5 Others
        6.1.3 Market Forecast
    6.2    Material Handling
        6.2.1 Market Trends
        6.2.2 Key Segments
           6.2.2.1 Crawler Crane
           6.2.2.2 Trailer-Mounted Crane
           6.2.2.3 Truck-Mounted Crane
        6.2.3 Market Forecast
    6.3    Concrete and Road Construction
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Propulsion System
    7.1    Electric
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    ICE
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Industrial
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Ahern Rentals Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Boels Rental
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Caterpillar Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Finning International Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    H&E Equipment Services Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Herc Rentals Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Liebherr-International AG
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 SWOT Analysis
        14.3.9    Nishio Rent All Vietnam Co. Ltd
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Ramirent Oy 
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    United Rentals Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Kanamoto Co. Ltd.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials

List of Figures

Figure 1: Global: Construction Equipment Rental Market: Major Drivers and Challenges
Figure 2: Global: Construction Equipment Rental Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Construction Equipment Rental Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Construction Equipment Rental Market: Breakup by Equipment Type (in %), 2021
Figure 5: Global: Construction Equipment Rental Market: Breakup by Propulsion System (in %), 2021
Figure 6: Global: Construction Equipment Rental Market: Breakup by Application (in %), 2021
Figure 7: Global: Construction Equipment Rental Market: Breakup by Region (in %), 2021
Figure 8: Global: Construction Equipment Rental (Earthmoving) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Construction Equipment Rental (Earthmoving) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Construction Equipment Rental (Material Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Construction Equipment Rental (Material Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Construction Equipment Rental (Concrete and Road Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Construction Equipment Rental (Concrete and Road Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Construction Equipment Rental (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Construction Equipment Rental (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Construction Equipment Rental (ICE) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Construction Equipment Rental (ICE) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Construction Equipment Rental (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Construction Equipment Rental (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Construction Equipment Rental (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Construction Equipment Rental (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Construction Equipment Rental (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Construction Equipment Rental (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Construction Equipment Rental Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Construction Equipment Rental Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Construction Equipment Rental Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Construction Equipment Rental Industry: SWOT Analysis
Figure 74: Global: Construction Equipment Rental Industry: Value Chain Analysis
Figure 75: Global: Construction Equipment Rental Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Construction Equipment Rental Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Construction Equipment Rental Market Forecast: Breakup by Equipment Type (in Million US$), 2022-2027
Table 3: Global: Construction Equipment Rental Market Forecast: Breakup by Propulsion System (in Million US$), 2022-2027
Table 4: Global: Construction Equipment Rental Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Construction Equipment Rental Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Construction Equipment Rental Market: Competitive Structure
Table 7: Global: Construction Equipment Rental Market: Key Players


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