Who are the key vendors in the Global Construction Equipment Rental Market?

Key vendors in Construction Equipment Rental Market are: 'United Rentals, Inc. ', 'Ashtead Group plc ', 'Loxam Group ', 'Herc Holdings Inc. ', 'Aktio Corporation ', 'Nishio Rent All Co., Ltd. ', 'Kanamoto Co., Ltd. ', 'H&E Equipment Services, Inc. ', 'Ahern Rentals, Inc. ', 'Ramirent ', 'Speedy Hire plc ', 'Sunstate Equipment Co., LLC ', 'Maxim Crane Works, L.P. ', 'Nesco Holdings, Inc. ', 'Boels Rental ', 'Cramo Group ', 'Mateco GmbH ', 'Kiloutou ', 'Riwal ', 'Al Faris Equipment Rentals'.

What is the key driver of Global Construction Equipment Rental Market?

The global construction equipment rental market is affected the most by global emphasis in developing infrastructural facilities of other countries; these are predominantly from emerging countries. Governments across the globe spend a lot to fund smart cities, bridges, and roads which have a large need for dedicated construction equipment.

What is the key market trend for Global Construction Equipment Rental Market?

Adoption of Technology in Equipment Rentals: A growing trend is the infusion of technology, including IoT and AI, into the leasing of construction equipment. These innovations boost productivity and reduce downtime through real-time monitoring, predictive maintenance, and better fleet management. In addition, technology is streamlining the rental process and making it possible to remotely manage equipment for businesses, making the rental industry more appealing.

Which region accounted for the largest share in Global Construction Equipment Rental Market?

Asia-Pacific dominated the construction equipment rental industry in 2024. This is attributed to the significant growth in building and infrastructure development, since governments put a focus on the infrastructure for the expanding economy. To accommodate the high level of industrial activity, rising energy consumption, and improved connectivity, the region has witnessed a marked increase in the number of Special Economic Zones (SEZs), hydropower projects, dams, and the building of highways, subways, and airports. To meet the growing demand and capitalize on the regional market, many foreign companies have started investing in the region and setting up manufacturing and distribution facilities.

Top Construction Equipment Rental Companies

Name: Construction Equipment Rental Market By Equipment Type (Earthmoving Equipment, Material Handling Equipment), By Application, By Propulsion Type, By Region - Industry Forecast 2025-2032
Brand: SkyQuest Technology

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Construction Equipment Rental Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Construction Equipment Rental industry players.

Construction Equipment Rental Market Competitive Landscape

Many businesses in the US and around the world rent construction equipment. All of them are expanding their fleets and improving their technological skills. Businesses like Ashtead Group, Loxam, and United Rentals prioritize updating their fleets, eco-friendly equipment, and AI-enabled asset tracking. Partnerships, acquisitions, and mergers are still crucial business tactics. For instance, in order to gain a competitive edge in sustainability, Herc Rentals is investing in updating its electric fleet throughout North America. In contrast, Sunbelt Rentals is growing in Europe.

Located in San Francisco, Built Robotics was founded in 2016. When it comes to autonomous construction technologies, Built Robotics is leading the way. The company creates retrofit packages, such as the Exosystem, that use sensors, GPS, and artificial intelligence to enable standard excavators and bulldozers to operate independently. By enabling rental companies to offer state-of-the-art, self-sufficient equipment in the construction equipment rental sector, its technology increases the efficiency, safety, and 24/7 operation of massive infrastructure projects.

In 2015, DOZR was established. With its digital platform, DOZR, a Canadian company, is revolutionizing the way people rent construction equipment. It enables contractors to look up, evaluate, and reserve heavy equipment rentals online from several different suppliers. DOZR reduces downtime and facilitates access to machines in North America by streamlining procurement and logistics. Both renters and rental organizations benefit from its platform's increased market transparency, cost savings, and operational efficiency.

Top Player’s Company Profiles

United Rentals

CASE

Caterpillar

Herc Rentals

Aktio Corporation

Nishio Rent All Co., Ltd.

Kiloutou

H&E Equipment Services

Boels Rental

Ahern Rentals

Zeppelin Rental

Ramirent

Maxim Crane Works

BigRentz

Construction Equipment Rental Market Report Snapshots

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Global Construction Equipment Rental Market size was valued at USD 187.46 Billion in 2023 and is poised to grow from USD 199.08 Billion in 2024 to USD 320.19 Billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).

For contractors, renting is now a better option because owning and maintaining construction equipment has become more costly. Large pieces of equipment that are expensive to purchase and maintain include excavators and cranes. By renting, businesses can use contemporary equipment without having to purchase it, avoiding long-term financial commitments. Small and medium-sized contractors who want to maintain their competitiveness in a constantly changing construction market will find this cost-cutting strategy particularly helpful.

Making the Switch to Eco-Friendly and Electric Tools: Rental companies are required to equip their fleets with electric and low-emission devices due to sustainability regulations and carbon neutrality targets. Customers choose ecologically friendly choices since they are required by law and help them get green construction certifications. To meet the demands of environmentally conscious customers and public-sector projects in Canada and Europe, where there is an increasing demand for electric mini-excavators and hybrid loaders, rental companies have been purchasing more environmentally friendly equipment since 2024.

What is Fueling the Rapid Growth of Construction Equipment Rental in Asia-Pacific?

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Construction Equipment Rental Market

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Top Construction Equipment Rental Companies

Construction Equipment Rental Market Competitive Landscape

Top Player’s Company Profiles

Construction Equipment Rental Market Report Snapshots

FAQs

What is the global market size of Construction Equipment Rental Market?

Who are the key vendors in the Construction Equipment Rental Market?

What is the key driver of Construction Equipment Rental Market?

What is the key market trend for Construction Equipment Rental Market?

Which region accounted for the largest share in Construction Equipment Rental Market?

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