Construction Equipment Rental Market Revenue Will Reach US$ 136.1 Billion By 2027

The construction equipment rental market size is projected to reach a revenue of US$ 136.1 billion by 2027 and is expected to register a CAGR of 4.78% from 2020 to 2027, According to Precedence Research. The research report contains 150+ pages with detailed analysis.

The report provides the overall revenue of the global construction equipment rental market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year. This research report evaluates the construction equipment rental market on a global and regional level.

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Construction equipment renting provides the utmost amount of flexibility. Different rental firms usually have an extensive assortment of makes and models to select from which offers the prospect to try out equipment from diverse manufacturers. Procuring construction equipment needs heavy down payments that distract a huge amount of capital from important operating expenditures. It also invites supplementary expenditure like licensing, tax, insurance, interest on storage cost, and loan amount among others.

With the help of renting construction equipment, firm scan avoid costs accompanying with inflation and depreciation at the time of replacing it. Rental houses improve their inventories on a systematic basis, hence forward presenting access to progressive and new construction equipment. This makes it easier for the leaser to perform in accord with standards set by EPA Environment Protection Agency.

Market Scope:

The construction equipment rental market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenarios and forecasts (revenue/volume) and categorizes the market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors

Escalating rate of implementation construction equipment in the rental services on account of technological enrichments offered by the original equipment manufacturers is propelling the growth of global rental construction equipment market. At present, appearance of novel technologies such as digital services for equipment service tracking, automated service enhancements, and mapping features are gaining traction in the market. Escalating revenue of construction equipment rental suppliers is stimulated by foremost infrastructure projects in emergent markets and thriving in residential construction sector in the U.S. and Europe.

Report Highlights

Upsurge in the mining and construction activities, predominantly in the emergent economies is the key influence motivating the growth of construction equipment rental market considerably.

Market frontrunners are centering on intensifying their fleet size to address the growing consumer requirement for different construction equipment rental services.

The earthmoving machinery led the global construction equipment rental market in 2019.

Regional Snapshots

In 2019, North America dominated the global market with prevalent revenue share of over 46% and this growth is credited to existence of noticeable rental companies operating in the U.S. and Canada. Additionally, the vigorous development in the residential construction industry, plus upsurge in infrastructural sector on account of growing investment in Central and Eastern Europe are expected to stimulate the demand for construction equipment market during years to come. Moreover, high-value infrastructure projects in Britain, which comprise novel nuclear reactors, high-speed rail, road enhancements, and North America’s road infrastructure upgrading projects, are anticipated to produce a stable flow of rental incomes in construction equipment rental marketplace during nearby future.

Nations in the Middle East region such as Qatar and Saudi Arabia have an amplified demand for rental equipment including excavators and loaders owing to growth in foremost projects such as Jazan Economic City, FIFA World Cup 2022, King Abdullah Economic City, Jeddah Metro and Vision 2030 among others.

Key Players & Strategies

Numerous contractors, construction establishments, and extensive diversity of industries are progressively discovering rental options. There has been a noteworthy swing from acquiring new equipment to the rental model amongst the construction establishments and contractors that use the site. Several economists and business frontrunners anticipate economic recession to be on the horizon, which might further propel the sale for equipment rental and drive corporations even further away from ownership. Particular regional players operational in the market are Ashtead Group (Sunbelt Rentals), Herc Rentals Inc, H&E Equipment Services and Kanamoto Co. Ltd.

In order to sustain the market competition and improve the footprint in the global arena leading players are opting for merger and acquisition as a winning strategy. For example, United Rental Inc., the one of the dominant participants in North American, has acquired around 14 companies till now. In 2018, United Rentals acquired BlueLine that augmented its capacity in numerous principal metropolitan zones in North America, including US coasts, Ontario and the Gulf South.

Contractors throughout the world are selecting for rental services on account of their lower market price than procurement cost of newfangled equipment. Some of the business players functioning construction equipment rental market share are Cramo PLC., Loxam Group, United Rentals, Inc., Mtandt Rentals Limited, Nesco Rentals, The Hertz Corporation, Caterpillar Inc., Unirent LLC, Ahern Rentals Inc., Boels Rental, Aktio Corporation and others.

Recent developments implanted by leading business participants are as follows:

In January 2019, Nationwide Platforms Limited, Loxam’s wholly-owned UK subsidiary, accomplished the acquirement of UK Platforms Limited from HSS Hire Group plc. UKP has nearly 120 employees and works a fleet of approximately 3,000 powered access units.

In March 2018, Ashtead Group acquired Equipment Rentals, LLC and Fairfield County, Inc. (A&B). A&B is has an aerial work platform rental business in U.S.

In August 2017, Kanamoto acquired Meigi Engineering Co., Ltd., and Toyu Engineering Co., Ltd. Both of these firms operate the leasing or renting of heavy construction equipment.

Regional Segmentation

North America (U.S. and Canada)

Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

Latin America (Brazil and Rest of Latin America)

Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global construction equipment rental market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for construction equipment rental are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.


Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape List of Suppliers List of Buyers

Chapter 7. Global Construction Equipment Rental Market, By Product

7.1. Construction Equipment Rental Market, by Product Type, 2020-2027
7.1.1. Material Handling Machinery Shelves Bins Silos Conveyors Others Market Revenue and Forecast (2016-2027)
7.1.2. Earth Moving Machinery Concrete Excavators Loading shovels Dump trucks Others Market Revenue and Forecast (2016-2027)
7.1.3. Concrete and Road Construction Machinery Pavers Trenchers Planers Rollers Hot boxes Others Market Revenue and Forecast (2016-2027)

Chapter 8. Global Construction Equipment Rental Market, Regional Estimates and Trend Forecast

8.1. North America
8.1.1. Market Revenue and Forecast, by Product (2016-2027)
8.1.2. U.S.
8.1.3. Rest of North America Market Revenue and Forecast, by Product (2016-2027)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Product (2016-2027)
8.2.2. UK Market Revenue and Forecast, by Product (2016-2027)
8.2.3. France Market Revenue and Forecast, by Product (2016-2027)
8.2.4. Rest of Europe Market Revenue and Forecast, by Product (2016-2027)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Product (2016-2027)
8.3.2. India Market Revenue and Forecast, by Product (2016-2027)
8.3.3. China Market Revenue and Forecast, by Product (2016-2027)
8.3.4. Japan Market Revenue and Forecast, by Product (2016-2027)
8.3.5. Rest of APAC Market Revenue and Forecast, by Product (2016-2027)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Product (2016-2027)
8.4.2. GCC Market Revenue and Forecast, by Product (2016-2027)
8.4.3. North Africa Market Revenue and Forecast, by Product (2016-2027)
8.4.4. South Africa Market Revenue and Forecast, by Product (2016-2027)
8.4.5. Rest of MEA Market Revenue and Forecast, by Product (2016-2027)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Product (2016-2027)
8.5.2. Brazil Market Revenue and Forecast, by Product (2016-2027)
8.5.3. Rest of LATAM Market Revenue and Forecast, by Product (2016-2027)

Chapter 9. Company Profiles

9.1. JCB
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Zahid Group
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Industrial Supplies Development Co. Ltd
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Ahern Equipment Rentals
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. John Deere
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Caterpillar Inc.
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
9.7. Gemini Equipment and Rentals (GEAR)
9.7.1. Company Overview
9.7.2. Product Offerings
9.7.3. Financial Performance
9.7.4. Recent Initiatives
9.8. Hertz Equipment
9.8.1. Company Overview
9.8.2. Product Offerings
9.8.3. Financial Performance
9.8.4. Recent Initiatives
9.9. Komatsu Equipment
9.9.1. Company Overview
9.9.2. Product Offerings
9.9.3. Financial Performance
9.9.4. Recent Initiatives
9.10. Maxim Crane Works
9.10.1. Company Overview
9.10.2. Product Offerings
9.10.3. Financial Performance
9.10.4. Recent Initiatives
9.11. Neff Rental
9.11.1. Company Overview
9.11.2. Product Offerings
9.11.3. Financial Performance
9.11.4. Recent Initiatives

Chapter 10. Research Methodology

10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions

Chapter 11. Appendix

11.1. About Us
11.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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