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Global Construction Equipment Rental Market By Application (Excavation & Mining, Material Handling, Earthmoving, and Concrete) By Product (Backhoes & Excavators, Loaders, Crawler Dozers, Cranes, Forklift, and Others) By Propulsion System (Electric and ICE) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Name: Construction Equipment Rental Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2023-04-25
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Construction Equipment Rental Market

Summary
Table Of Content
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Key Highlights of the report

How are the major segments performing in the Construction Equipment Rental Market?

The earthmoving application segment is expected to account for the largest revenue share of the global construction equipment rental market in 2022, as manufacturers see significant opportunities due to increased bridges, high-rise buildings, and road construction.
In 2022, the crane product segment held a large global construction equipment rental market share. Cranes are frequently used in manufacturing to assemble heavy machinery and equipment, construction to move materials, and transportation to load and unload the freight.
In 2022, the electric propulsion system segment accounted for most of the construction equipment rental market revenue share. Heavy electric machinery has numerous advantages, including reduced fumes, emissions, noise, energy, and operating costs.

What is the Market Size of Construction Equipment Rental regarding value?

The global construction equipment rental market is anticipated to grow at a substantial CAGR of 4.1% in the upcoming years. The Global Construction Equipment Rental industry was estimated to be worth USD 74.1 billion in 2022 and was expected to be worth USD 98.16 billion by 2028.

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Which region dominated the construction equipment rental market?

The construction equipment rental market in North America accounted for the second-largest revenue share in 2022 due to the substantial presence of major players in the market, including Caterpillar Inc, United Rentals, and others, in the region. Additionally, it is anticipated that these companies’ overt efforts toward technological advancements, strategic alliances, acquisitions, and efficient aftermarket services will positively affect the expansion of the North American market. The increasing emphasis of construction firms on long-term partnership projects with equipment rental, design, and consulting firms, as well as government initiatives for infrastructure improvement, are expected to boost regional profits even further.

How is US Market Performing in the construction equipment rental market?

North America currently controls the global construction equipment rental market, with the United States having the largest revenue share. The country’s expanding construction equipment industry is a result of the affordable, project-specific, high-tech machinery that is readily available. Specialized equipment reduces operation time, eliminates idling time, and optimizes overall construction or industrial activity, making it widely preferred. United Rentals, Ashtead Group, Ahern Rentals, and other prominent construction machinery rental companies in the United States have increased demand for advanced rental services and solutions.

How is the economy impacting global construction equipment rental growth?

The construction sector is vulnerable to economic downturns and recessions. The construction equipment leasing market experiences multiple business cycles throughout its life cycle. It is influenced by business cycles in sectors of the economy with high or low levels of economic activity. The construction industry may experience a recession due to lower final production attributed to declining consumer demand. The market for equipment rentals is therefore anticipated to be impacted by a decline in construction activity.

What is the competitive environment of the construction equipment rental market?

United Rental, Ashtead Group, Caterpillar Inc, Ahern Rentals, and Aktio Corp were the dominant players in the global construction equipment rental market in 2022. These players use tactics like geographic expansion and introducing new products to increase their global market share. Moreover, they concentrate on improving their existing product offerings and raising brand awareness to gain a competitive advantage in the global market. Companies frequently acquire and merge to broaden their product portfolios and gain construction equipment rental market share. For example, United Rental Inc declared the complete asset acquisition of General Finance Corporation in April 2021 as part of the company’s strategic moves to expand its existing product portfolio.

Executive Summary

What are the key trends in the Construction Equipment Rental market?

Global shift in trends toward rental construction equipment: The advantages of renting construction equipment are heightened in today’s economy and in light of the construction industry’s cyclical nature. Many industries, construction firms, and contractors are increasingly investigating rental options. There are various costs related to the purchase of new machinery, including equipment ownership, the preliminary asset cost, the time it takes to pay off machinery financing, and repair and maintenance costs. Construction firms are wary of such costs, and on top of that, the cyclical nature of the construction sector and economic fluctuations can make it challenging for organizations to fully utilize and obtain the most value from the equipment they have purchased, particularly when that machinery is idle during slow business conditions.

What are all the technical developments in the construction equipment rental market?

Manufacturers focus on technological developments in their rental strategy to strengthen their competitive position. The construction equipment rental market has been identified as extremely competitive, with numerous players operating in specific regions and on a global scale. Fleet development is the primary trend seen in rental construction equipment worldwide. Many top businesses, including Herc, Sunbelt, and United Rentals, concentrate on growing their fleets and investing in that direction. This is primarily due to the rising demand for commercial, residential, and industrial construction equipment. These businesses are also expanding their services beyond their typical setup to offer digital solutions that add value to customers throughout a product’s lifecycle.

Which are the key investments by the construction equipment rental market players?

The rapid advancement of technology in the heavy equipment and automobile industries has increased the performance and efficiency of construction machines. The major players in the rental market for construction equipment are concentrating on creating smarter machines by integrating proprietary technology systems. Players in the industry are spending money to upgrade their rental fleet with cutting-edge machinery to meet the shifting consumer demand. Besides, significant investments in integrating modern technologies and significant efforts by firms to expand their product portfolios are expected to drive the development of the construction equipment rental market. For instance, CanLift Equipment Ltd, a material handling equipment producer, added nine new highly advanced aerial lift machines from XCMG, a major producer of construction equipment, to its product line.

Some major players in the construction equipment rental market are Maxim Crane Works, Mtandt Rentals Ltd, Boels Rentals, Sarens NV, H&E Equipment Services Inc, Kanamoto Co. Ltd, Herc Rentals Inc, NESCO Specialty Rentals, Ramirent ab, and United Rentals Inc.

What are the Major Driving Factors for the Construction Equipment Rental Market?

Increased government spending on public infrastructure development has fueled construction and mining activity in the world’s emerging economies. This factor has resulted in high market demand for construction equipment. Rising construction machine prices encourage construction firms and vendors to shift their focus to renting construction equipment. Furthermore, the emergence of modern techniques and rising levels of automation are expected to drive the market’s expansion. Significant improvements such as equipment service tracking and mapping and digital services for automated service improvements are expected to propel the growth of the global construction equipment rental market during the projection period.

What are the Major Risks for the Construction Equipment Rental Market?

Fuel price fluctuations and the cost of picking up and delivering machinery, particularly if the contractor works in remote areas, are anticipated to impede global market growth during the forecast period. The need for more qualified labor significantly impacts the construction equipment rental industry. This industry employs various workers for various operations, including service technicians, qualified mechanics, and delivery drivers. Such employees, however, are difficult to find in this sector. On the other hand, from a contractor’s standpoint, this worker shortage might lead to higher rental equipment utilization.

Which is the key application in the construction equipment rental market?

The earthmoving application segment is expected to dominate the global construction equipment rental market in the upcoming years. The growing use of earthmoving excavators in agriculture, mining, and construction contributes significantly to segment growth. Other pieces of earthmoving machineries, like backhoe loaders, mini excavators, skid-steer loaders, and crawler excavators, have higher load capacities and more efficient engines. These characteristics of earthmoving machinery make them ideal for use in challenging working conditions. Furthermore, the increasing construction of apartment buildings and large-scale commercial infrastructure projects has enhanced the proclivity of construction firms and contractors to lease earthmoving equipment.

How is the construction equipment rental market performing in regions?

The largest global market share for renting construction equipment is held by Asia Pacific, which is also predicted to grow at the fastest rate. The region is one of the largest markets that has seen a boom in infrastructure development as governments emphasize building infrastructure for a healthy economy. The region has seen a remarkable increase in the number of Special Economic Zones (SEZs), hydropower projects, highways, dams, subways, and airport development to support the region’s high level of industrial activity, expanding energy demand, and improved connectivity. As a result, numerous international corporations have started to make investments in and build regional production and distribution facilities to meet the growing demand and take a cut of the local construction equipment rental market revenue.

What is the regulatory landscape for the construction equipment rental market?

Construction equipment rental businesses are adept at spotting potential clients; they move their equipment to new locations to monopolize rising demand from the commercial and residential real estate sectors. Strict regulations, rising ownership costs, and budgetary concerns are just a few of the major factors driving the global construction equipment rental market. The growing awareness of vehicular emissions has increased the use of electric construction equipment in the sector. Companies and contractors in the construction industry are concentrating on lowering their carbon footprint.

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What are the major players planning for the future of the construction equipment rental market?

Construction companies choose to rent equipment to cut project costs due to the high level of investment. It is a low-cost strategy as it decreases maintenance and technical service charges. During the forecast period, advanced machinery with low-maintenance facilities is anticipated to replace traditional machinery. Manufacturers are developing innovative equipment that is both cost-effective and long-lasting. One example is the 100-ton excavator model that Doosan Infracore introduced in March 2021. It uses an integrated electronic hydraulic system with intelligent power regulation. It is powered by an in-house developed fuel optimization technology that maximizes fuel efficiency while providing perfect work efficiency with no loss of speed and power.

REPORT ATTRIBUTE	DETAILS
Construction Equipment Rental Market by Volume	Yes
Construction Equipment Rental Market by Value	Yes
Construction Equipment Rental Market, Tornado Analysis	Yes
Construction Equipment Rental Market, STAR Analysis	Yes
Construction Equipment Rental Market, SRC Analysis	Yes
Construction Equipment Rental Market, Import-Export Data	Yes (On Demand)
Construction Equipment Rental Market Pricing Analysis	Yes (On Demand)
Construction Equipment Rental Market Segment Analysis	By Application (Excavation & Mining, Material Handling, Earthmoving, and Concrete) By Product (Backhoes & Excavators, Loaders, Crawler Dozers, Cranes, Forklift, and Others) By Propulsion System (Electric and ICE)
Construction Equipment Rental Market, Regional Analysis	North America (US and Canada) Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe) Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific) Latin America (Brazil, Mexico, and the Rest of Latin America) Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)
Construction Equipment Rental Market Key Companies	Maxim Crane Works, Mtandt Rentals Ltd, Boels Rentals, Sarens NV, H&E Equipment Services Inc, Kanamoto Co. Ltd, Herc Rentals Inc, NESCO Specialty Rentals, Ramirent ab, United Rentals Inc
Construction Equipment Rental Market Competitive Landscape	Competitive Benchmarking Market Share Analysis Geographical Presence Analysis Key Players Market Positioning Major Strategies Adopted

Segmentation of Global Construction Equipment Rental Market-

Global Construction Equipment Rental Market – By Application

Excavation & Mining
Material Handling
Earthmoving
Concrete

Global Construction Equipment Rental Market – By Product

Backhoes & Excavators
Loaders
Crawler Dozers
Cranes
Forklift
Others

Global Construction Equipment Rental Market – By Propulsion System

Electric
ICE

Global Construction Equipment Rental Market – By Region

North America
- US.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Construction Equipment Rental Market
2.2. Global Construction Equipment Rental Market, By Product
2.3. Global Construction Equipment Rental Market, By Propulsion System
2.4. Global Construction Equipment Rental Market, By Application
2.5. Global Construction Equipment Rental Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Construction Equipment Rental Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Product
3.5.2. Propulsion System
3.5.3. Application
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company Market Share of Key Players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Construction Equipment Rental Market
7.1. Global Construction Equipment Rental Market, by Product, 2017-2030(US$ Bn)
7.1.1. Overview
7.1.2. Global Construction Equipment Rental Market, By Product, 2022 vs 2030 (in%)
7.1.3. Global Construction Equipment Rental Market, By Backhoes & Excavators, 2017-2030 (US$ Bn)
7.1.4. Global Construction Equipment Rental Market, By Loaders, 2017-2030 (US$ Bn)
7.1.5. Global Construction Equipment Rental Market, By Crawler Dozers, 2017-2030 (US$ Bn)
7.1.6. Global Construction Equipment Rental Market, By Cranes, 2017-2030 (US$ Bn)
7.1.7. Global Construction Equipment Rental Market, By Forklift, 2017-2030 (US$ Bn)
7.1.8. Global Construction Equipment Rental Market, By Others, 2017-2030 (US$ Bn)
7.2. Global Construction Equipment Rental Market, by Propulsion System, 2017-2030(US$ Bn)
7.2.1. Overview
7.2.2. Global Construction Equipment Rental Market, By Propulsion System, 2022 vs 2030 (in%)
7.2.3. Global Construction Equipment Rental Market, By Electric, 2017-2030 (US$ Bn)
7.2.4. Global Construction Equipment Rental Market, By ICE, 2017-2030 (US$ Bn)
7.3. Global Construction Equipment Rental Market, by Application, 2017-2030(US$ Bn)
7.3.1. Overview
7.3.2. Global Construction Equipment Rental Market, By Application, 2022 vs 2030 (in%)
7.3.3. Global Construction Equipment Rental Market, By Excavation & Mining, 2017-2030 (US$ Bn)
7.3.4. Global Construction Equipment Rental Market, By Material Handling, 2017-2030 (US$ Bn)
7.3.5. Global Construction Equipment Rental Market, By Earthmoving, 2017-2030 (US$ Bn)
7.3.6. Global Construction Equipment Rental Market, By Concrete, 2017-2030 (US$ Bn)

8. North America Construction Equipment Rental Market Analysis
8.1. North America Construction Equipment Rental Market, by Product, 2017-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Construction Equipment Rental Market, by Propulsion System, 2017-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Construction Equipment Rental Market, by Application, 2017-2030(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
8.4.1. U.S.
8.4.1.1. U.S. Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.4.1.2. U.S. Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
8.4.1.3. U.S. Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
8.4.1.4. U.S. Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
8.4.2. Canada
8.4.2.1. Canada Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.4.2.2. Canada Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
8.4.2.3. Canada Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
8.4.2.4. Canada Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)

9. Europe Construction Equipment Rental Market Analysis
9.1. Europe Construction Equipment Rental Market, by Product, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Construction Equipment Rental Market, by Propulsion System, 2017-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Construction Equipment Rental Market, by Application, 2017-2030(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
9.4.1. Germany
9.4.1.1. Germany Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.1.2. Germany Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
9.4.1.3. Germany Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
9.4.1.4. Germany Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
9.4.2. France
9.4.2.1. France Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.2.2. France Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
9.4.2.3. France Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
9.4.2.4. France Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
9.4.3. UK
9.4.3.1. UK Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.3.2. UK Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
9.4.3.3. UK Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
9.4.3.4. UK Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
9.4.4. Italy
9.4.4.1. Italy Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.4.2. Italy Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
9.4.4.3. Italy Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
9.4.4.4. Italy Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
9.4.5. Spain
9.4.5.1. Spain Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.5.2. Spain Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
9.4.5.3. Spain Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
9.4.5.4. Spain Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.6.2. Rest of Europe Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
9.4.6.3. Rest of Europe Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
9.4.6.4. Rest of Europe Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)

10. Asia Pacific Construction Equipment Rental Market Analysis
10.1. Asia Pacific Construction Equipment Rental Market, by Product, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Construction Equipment Rental Market, by Propulsion System, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Construction Equipment Rental Market, by Application, 2017-2030(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
10.4.1. China
10.4.1.1. China Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.1.2. China Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
10.4.1.3. China Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
10.4.1.4. China Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
10.4.2. Japan
10.4.2.1. Japan Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.2.2. Japan Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
10.4.2.3. Japan Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
10.4.2.4. Japan Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
10.4.3. India
10.4.3.1. India Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.3.2. India Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
10.4.3.3. India Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
10.4.3.4. India Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
10.4.4. South Korea
10.4.4.1. South Korea Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.4.2. South Korea Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
10.4.4.3. South Korea Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
10.4.4.4. South Korea Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
10.4.5. South-East Asia
10.4.5.1. South-East Asia Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.5.2. South-East Asia Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
10.4.5.3. South-East Asia Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
10.4.5.4. South-East Asia Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.6.2. Rest of Asia Pacific Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
10.4.6.3. Rest of Asia Pacific Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
10.4.6.4. Rest of Asia Pacific Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)

11. Latin America Construction Equipment Rental Market Analysis
11.1. Latin America Construction Equipment Rental Market, by Product, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Construction Equipment Rental Market, by Propulsion System, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Construction Equipment Rental Market, by Application, 2017-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
11.4.1. Brazil
11.4.1.1. Brazil Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.1.2. Brazil Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
11.4.1.3. Brazil Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
11.4.1.4. Brazil Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
11.4.2. Mexico
11.4.2.1. Mexico Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.2.2. Mexico Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
11.4.2.3. Mexico Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
11.4.2.4. Mexico Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.3.2. Rest of Latin America Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
11.4.3.3. Rest of Latin America Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
11.4.3.4. Rest of Latin America Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)

12. Middle East and Africa Construction Equipment Rental Market Analysis
12.1. Middle East and Africa Construction Equipment Rental Market, by Product, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Construction Equipment Rental Market, by Propulsion System, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Construction Equipment Rental Market, by Application, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
12.4.1. GCC Countries
12.4.1.1. GCC Countries Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.1.2. GCC Countries Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
12.4.1.3. GCC Countries Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
12.4.1.4. GCC Countries Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
12.4.2. South Africa
12.4.2.1. South Africa Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.2.2. South Africa Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
12.4.2.3. South Africa Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
12.4.2.4. South Africa Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Construction Equipment Rental Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.3.2. Rest of Middle East and Africa Construction Equipment Rental, By Product, 2017-2030 (US$ Bn)
12.4.3.3. Rest of Middle East and Africa Construction Equipment Rental, By Propulsion System, 2017-2030 (US$ Bn)
12.4.3.4. Rest of Middle East and Africa Construction Equipment Rental, By Application, 2017-2030 (US$ Bn)

13. Company Profiles
13.1. Maxim Crane Works
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Mtandt Rentals Ltd
13.3. Boels Rentals
13.4. Sarens NV
13.5. H&E Equipment Services Inc
13.6. Kanamoto Co. Ltd
13.7. Herc Rentals Inc
13.8. NESCO Specialty Rentals
13.9. Ramirent ab
13.10. United Rentals Inc
13.11. Others

List of Figures

FIG. 1 Global Construction Equipment Rental Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Construction Equipment Rental Market Segmentation
FIG. 4 Global Construction Equipment Rental Market, by Product, 2022 (US$ Bn)
FIG. 5 Global Construction Equipment Rental Market, by Propulsion System, 2022 (US$ Bn)
FIG. 6 Global Construction Equipment Rental Market, by Application, 2022 (US$ Bn)
FIG. 7 Global Construction Equipment Rental Market, by Geography, 2022 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Product, 2022
FIG. 9 Attractive Investment Proposition, by Propulsion System, 2022
FIG. 10 Attractive Investment Proposition, by Application, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Construction Equipment Rental Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Construction Equipment Rental Market Manufacturers, 2022
FIG. 14 Global Construction Equipment Rental Market Value Contribution, By Product, 2022 & 2030 (Value %)
FIG. 15 Global Construction Equipment Rental Market, by Backhoes & Excavators, Value, 2017-2030 (US$ Bn)
FIG. 16 Global Construction Equipment Rental Market, by Loaders, Value, 2017-2030 (US$ Bn)
FIG. 17 Global Construction Equipment Rental Market, by Crawler Dozers, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Construction Equipment Rental Market, by Cranes, Value, 2017-2030 (US$ Bn)
FIG. 19 Global Construction Equipment Rental Market, by Forklift, Value, 2017-2030 (US$ Bn)
FIG. 20 Global Construction Equipment Rental Market, by Others, Value, 2017-2030 (US$ Bn)
FIG. 21 Global Construction Equipment Rental Market Value Contribution, By Propulsion System, 2022 & 2030 (Value %)
FIG. 22 Global Construction Equipment Rental Market, by Electric, Value, 2017-2030 (US$ Bn)
FIG. 23 Global Construction Equipment Rental Market, by ICE, Value, 2017-2030 (US$ Bn)
FIG. 24 Global Construction Equipment Rental Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 25 Global Construction Equipment Rental Market, by Excavation & Mining, Value, 2017-2030 (US$ Bn)
FIG. 26 Global Construction Equipment Rental Market, by Material Handling, Value, 2017-2030 (US$ Bn)
FIG. 27 Global Construction Equipment Rental Market, by Earthmoving, Value, 2017-2030 (US$ Bn)
FIG. 28 Global Construction Equipment Rental Market, by Concrete, Value, 2017-2030 (US$ Bn)
FIG. 29 U.S. Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 30 Canada Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 31 Germany Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 32 France Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 33 U.K. Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 34 Italy Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 35 Spain Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 36 Rest of Europe Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 37 China Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 38 Japan Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 39 India Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 40 South Korea Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 41 Southeast Asia Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 42 Rest of Asia Pacific Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 43 Latin America Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 44 Brazil Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 45 Mexico Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 46 Rest of Latin America Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 47 Middle East & Africa Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 48 GCC Countries Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 49 South Africa Construction Equipment Rental Market, 2017-2030 (US$ Bn)
FIG. 50 Rest of Middle East and Africa Construction Equipment Rental Market, 2017-2030 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Construction Equipment Rental Market
TABLE 2 Global Construction Equipment Rental Market, by Competitive Benchmarking, 2022
TABLE 3 Global Construction Equipment Rental Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Construction Equipment Rental Market, by Key Strategies Analysis, 2022
TABLE 5 Global Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 6 Global Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 7 Global Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 8 Global Construction Equipment Rental Market, by Geography, 2017-2030 (US$ Bn)
TABLE 9 North America Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 10 North America Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 11 North America Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 12 North America Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
TABLE 13 US Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 14 US Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 15 US Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 16 Canada Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 17 Canada Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 18 Canada Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 19 Europe Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 20 Europe Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 21 Europe Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 22 Europe Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
TABLE 23 Germany Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 24 Germany Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 25 Germany Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 26 France Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 27 France Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 28 France Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 29 UK Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 30 UK Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 31 UK Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 32 Italy Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 33 Italy Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 34 Italy Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 35 Spain Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 36 Spain Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 37 Spain Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 38 Rest of Europe Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 39 Rest of Europe Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 40 Rest of Europe Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 41 Asia Pacific Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 42 Asia Pacific Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 43 Asia Pacific Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 44 Asia Pacific Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
TABLE 45 China Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 46 China Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 47 China Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 48 Japan Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 49 Japan Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 50 Japan Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 51 India Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 52 India Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 53 India Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 54 South Korea Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 55 South Korea Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 56 South Korea Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 57 South East Asia Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 58 South East Asia Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 59 South East Asia Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 60 Rest of Asia Pacific Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 61 Rest of Asia Pacific Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 62 Rest of Asia Pacific Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 63 Latin America Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 64 Latin America Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 65 Latin America Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 66 Latin America Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
TABLE 67 Brazil Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 68 Brazil Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 69 Brazil Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 70 Mexico Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 71 Mexico Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 72 Mexico Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 73 Rest of Latin America Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 74 Rest of Latin America Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 75 Rest of Latin America Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 76 Middle East and Africa Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 77 Middle East and Africa Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 78 Middle East and Africa Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 79 Middle East and Africa Construction Equipment Rental Market, by Country, 2017-2030 (US$ Bn)
TABLE 80 GCC Countries Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 81 GCC Countries Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 82 GCC Countries Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 83 South Africa Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 84 South Africa Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 85 South Africa Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)
TABLE 86 Rest of Middle East and Africa Construction Equipment Rental Market, by Product, 2017-2030 (US$ Bn)
TABLE 87 Rest of Middle East and Africa Construction Equipment Rental Market, by Propulsion System, 2017-2030 (US$ Bn)
TABLE 88 Rest of Middle East and Africa Construction Equipment Rental Market, by Application, 2017-2030 (US$ Bn)

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Frequently Asked Questions

How does COVID-19 impact the global construction equipment rental market?

The COVID-19 pandemic impacted the construction equipment rental industry’s demand. The pandemic caused a global shutdown and supply chain disruption, affecting the construction, manufacturing, and mining industries.

Which is the leading region of the market for construction equipment rental?

Asia Pacific had the highest global construction equipment rental market revenue share in 2022.

What are the key drivers for the growth of the construction equipment rental market?

The growing demand for heavy machinery in the construction industry, increased access to advanced and updated technology, ease of maintenance, and improved customer service are key factors driving revenue growth in the global construction equipment rental market.

Which is the major segment in the construction equipment rental market by application?

The earthmoving segment had a major global market share in 2022.

Which is the major segment in the construction equipment rental market by product?

The crane segment had a major share in the global market.

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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