Product Code: 773
Construction Equipment Rental Market is expected to demonstrate a positive growth trajectory through 2032. The market escalation is expected to come from the rising demand for tech innovations in construction equipment for implementing the latest smart city technologies such as IoT, AI & ML, and electromobility into infrastructures.
Besides, increasing mining and construction initiatives in Latin America are driving the adoption of construction equipment. Organizations in this industry lease out or rent construction equipment such as cranes, scaffolding, crane lorries, work platforms, graders, bulldozers, and excavators to carry out building activities. In addition, growing mineral consumption throughout Peru, Chile, and Argentina will prompt the demand for mining trucks, excavators, loaders, and dozers throughout the region.
Key providers in the market are engaging in strategic initiatives such as partnerships, mergers and acquisitions, R&D investments, and new product launches to gain a competitive edge in the industry. For instance, in January 2023, Al Faris Group recently extended its portfolio with addition of 24 Liebherr mobile cranes to its fleet. The delivery includes a range of models with lifting capacities from 110 to 700 tonnes, including four LTM 1500-8.1s with a lifting capacity of 500 tonnes.
Overall, the construction equipment rental industry is segmented in terms of product and region.
Based on product, the concrete equipment product segment is anticipated to depict over 5% CAGR during the forecast timespan. The rising preference for high-capacity, innovative batching plants will drive the demand for such equipment. The mounting use of rental concrete equipment in construction industry has evolved owing to the production requirements. Modern concrete construction equipment producers use cutting-edge technologies to eliminate raw material waste and storage space. In addition, the constantly rising construction projects, reduction in completion times, and end-users needs for customized solutions are some of the key factors slated to assist the segment in growing.
Regionally, the North America construction equipment rental market was valued at over USD 45 billion in 2022. The regional market growth can be credited to the rise in construction, mining, and agricultural activities in the American economies. According to the Government of Canada, the value of Canada's mineral production reached USD 55.5 billion in 2021, depicting 20% year-over-year surge.
Purchasing new construction equipment with features such as lift assistance, preventive maintenance systems, and 360-degree cameras is expensive. This has resulted in rising demand for rental services, especially in North America, which is estimated to positively influence the overall regional outlook.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & forecast
- 1.3 Forecast calculations
- 1.4 Data Sources
- 1.4.1 Secondary
- 1.4.2 Primary
- 1.5 Glossary
Chapter 2 Executive Summary
- 2.1 Construction equipment rental industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.2.1 Total Addressable Market (TAM)
- 2.3 Regional trends
- 2.4 Product trends
Chapter 3 Construction Equipment Rental Market Industry Insights
- 3.1 Introduction
- 3.2 Impact of COVID-19 outbreak
- 3.2.1 North America
- 3.2.2 Europe
- 3.2.3 Asia Pacific
- 3.2.4 Latin America
- 3.2.5 MEA
- 3.3 Impact analysis of Russia-Ukraine war
- 3.4 Industry value chain
- 3.4.1 Research & development
- 3.4.2 Manufacturing
- 3.4.3 Marketing
- 3.4.4 Supply
- 3.5 Construction equipment rental industry ecosystem analysis
- 3.5.1 Manufacturers
- 3.5.2 Service providers
- 3.5.3 Technology providers
- 3.5.4 Profit margin analysis
- 3.5.5 Vendor matrix
- 3.6 Technology & innovation landscape
- 3.6.1 Telematics
- 3.6.2 Electromobility
- 3.6.3 AI & Machine Learning
- 3.6.4 IoT
- 3.7 Patent analysis
- 3.8 Investment portfolio
- 3.9 Key initiatives & news
- 3.10 Regulatory landscape
- 3.10.1 North America
- 3.10.2 Europe
- 3.10.3 Asia Pacific
- 3.10.4 Latin America
- 3.10.5 MEA
- 3.11 Industry impact forces
- 3.11.1 Growth drivers
- 3.11.1.1 High cost of new construction equipment
- 3.11.1.2 Rapidly growing equipment rental industry in North America
- 3.11.1.3 High demand for technologically advanced construction equipment in Europe
- 3.11.1.4 Increasing importance of construction machines to ensure worker safety in Asia Pacific
- 3.11.1.5 Growing urbanization in Latin America
- 3.11.1.6 Ongoing development of smart cities in MEA
- 3.11.2 Industry pitfalls & challenges
- 3.11.2.1 Instability of application industries
- 3.11.2.2 Lack of skilled and qualified equipment operators
- 3.12 Growth potential analysis
- 3.13 Porter's analysis
- 3.14 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share, 2022
- 4.3 Competitive analysis of key market players, 2022
- 4.3.1 United Rentals, Inc.
- 4.3.2 Ashtead Group
- 4.3.3 Herc Holdings, Inc. (Herc Rentals, Inc.)
- 4.3.4 Aktio Corporation
- 4.3.5 Caterpillar Inc.
- 4.4 Competitive analysis of innovative players, 2022
- 4.4.1 Loxam Group
- 4.4.2 Kanamoto Co. Ltd.
- 4.4.3 Kiloutou SAS
- 4.4.4 H&E Equipment Services
- 4.5 Competitive positioning matrix
- 4.6 Strategic outlook matrix
Chapter 5 Construction equipment Rental, By Product
- 5.1 Key trends, by product
- 5.2 Earthmoving & roadbuilding equipment
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.2 Backhoe
- 5.2.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.3 Excavator
- 5.2.3.1 Market estimates and forecast, 2018 - 2032
- 5.2.4 Loader
- 5.2.4.1 Market estimates and forecast, 2018 - 2032
- 5.2.5 Compaction equipment
- 5.2.5.1 Market estimates and forecast, 2018 - 2032
- 5.2.6 Others
- 5.2.6.1 Market estimates and forecast, 2018 - 2032
- 5.3 Material handling & cranes
- 5.3.1 Market estimates and forecast, 2018 - 2032
- 5.3.2 Storage & handling equipment
- 5.3.2.1 Market estimates and forecast, 2018 - 2032
- 5.3.3 Engineered systems
- 5.3.3.1 Market estimates and forecast, 2018 - 2032
- 5.3.4 Industrial trucks
- 5.3.4.1 Market estimates and forecast, 2018 - 2032
- 5.3.5 Bulk material handling equipment
- 5.3.5.1 Market estimates and forecast, 2018 - 2032
- 5.4 Concrete equipment
- 5.4.1 Market estimates and forecast, 2018 - 2032
- 5.4.2 Concrete pump
- 5.4.2.1 Market estimates and forecast, 2018 - 2032
- 5.4.3 Crusher
- 5.4.3.1 Market estimates and forecast, 2018 - 2032
- 5.4.4 Transit mixer
- 5.4.4.1 Market estimates and forecast, 2018 - 2032
- 5.4.5 Asphalt paver
- 5.4.5.1 Market estimates and forecast, 2018 - 2032
- 5.4.6 Batching plant
- 5.4.6.1 Market estimates and forecast, 2018 - 2032
Chapter 6 Construction Equipment Rental, By Region
- 6.1 Key trends, by region
- 6.2 North America
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.2.2 Market estimates and forecast, by product, 2018 - 2032
- 6.2.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.2.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.2.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.2.3 U.S.
- 6.2.3.1 Market estimates and forecast, 2018 - 2032
- 6.2.3.2 Market estimates and forecast, by product, 2018 - 2032
- 6.2.3.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.2.3.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.2.3.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.2.4 Canada
- 6.2.4.1 Market estimates and forecast, 2018 - 2032
- 6.2.4.2 Market estimates and forecast, by product, 2018 - 2032
- 6.2.4.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.2.4.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.2.4.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.3 Europe
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.3.2 Market estimates and forecast, by product, 2018 - 2032
- 6.3.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.3.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.3.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.3.3 UK
- 6.3.3.1 Market estimates and forecast, 2018 - 2032
- 6.3.3.2 Market estimates and forecast, by product, 2018 - 2032
- 6.3.3.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.3.3.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.3.3.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.3.4 Germany
- 6.3.4.1 Market estimates and forecast, 2018 - 2032
- 6.3.4.2 Market estimates and forecast, by product, 2018 - 2032
- 6.3.4.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.3.4.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.3.4.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.3.5 France
- 6.3.5.1 Market estimates and forecast, 2018 - 2032
- 6.3.5.2 Market estimates and forecast, by product, 2018 - 2032
- 6.3.5.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.3.5.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.3.5.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.3.6 Italy
- 6.3.6.1 Market estimates and forecast, 2018 - 2032
- 6.3.6.2 Market estimates and forecast, by product, 2018 - 2032
- 6.3.6.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.3.6.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.3.6.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.3.7 Russia
- 6.3.7.1 Market estimates and forecast, 2018 - 2032
- 6.3.7.2 Market estimates and forecast, by product, 2018 - 2032
- 6.3.7.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.3.7.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.3.7.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.4 Asia Pacific
- 6.4.1 Market estimates and forecast, 2018 - 2032
- 6.4.2 Market estimates and forecast, by product, 2018 - 2032
- 6.4.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.4.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.4.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.4.3 China
- 6.4.3.1 Market estimates and forecast, 2018 - 2032
- 6.4.3.2 Market estimates and forecast, by product, 2018 - 2032
- 6.4.3.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.4.3.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.4.3.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.4.4 India
- 6.4.4.1 Market estimates and forecast, 2018 - 2032
- 6.4.4.2 Market estimates and forecast, by product, 2018 - 2032
- 6.4.4.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.4.4.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.4.4.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.4.5 Japan
- 6.4.5.1 Market estimates and forecast, 2018 - 2032
- 6.4.5.2 Market estimates and forecast, by product, 2018 - 2032
- 6.4.5.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.4.5.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.4.5.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.4.6 South Korea
- 6.4.6.1 Market estimates and forecast, 2018 - 2032
- 6.4.6.2 Market estimates and forecast, by product, 2018 - 2032
- 6.4.6.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.4.6.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.4.6.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.5 Latin America
- 6.5.1 Market estimates and forecast, 2018 - 2032
- 6.5.2 Market estimates and forecast, by product, 2018 - 2032
- 6.5.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.5.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.5.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.5.3 Brazil
- 6.5.3.1 Market estimates and forecast, 2018 - 2032
- 6.5.3.2 Market estimates and forecast, by product, 2018 - 2032
- 6.5.3.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.5.3.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.5.3.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.5.4 Mexico
- 6.5.4.1 Market estimates and forecast, 2018 - 2032
- 6.5.4.2 Market estimates and forecast, by product, 2018 - 2032
- 6.5.4.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.5.4.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.5.4.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.6 MEA
- 6.6.1 Market estimates and forecast, 2018 - 2032
- 6.6.2 Market estimates and forecast, by product, 2018 - 2032
- 6.6.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.6.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.6.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.6.3 UAE
- 6.6.3.1 Market estimates and forecast, 2018 - 2032
- 6.6.3.2 Market estimates and forecast, by product, 2018 - 2032
- 6.6.3.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.6.3.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.6.3.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.6.4 Saudi Arabia
- 6.6.4.1 Market estimates and forecast, 2018 - 2032
- 6.6.4.2 Market estimates and forecast, by product, 2018 - 2032
- 6.6.4.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.6.4.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.6.4.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
- 6.6.5 South Africa
- 6.6.5.1 Market estimates and forecast, 2018 - 2032
- 6.6.5.2 Market estimates and forecast, by product, 2018 - 2032
- 6.6.5.2.1 Market estimates and forecast, by earthmoving & roadbuilding equipment, 2018 - 2032
- 6.6.5.2.2 Market estimates and forecast, by material handling & cranes, 2018 - 2032
- 6.6.5.2.3 Market estimates and forecast, by concrete equipment, 2018 - 2032
Chapter 7 Company Profiles
- 7.1 Aktio Corporation
- 7.1.1 Business Overview
- 7.1.2 Financial Data
- 7.1.3 Product Landscape
- 7.1.4 Strategic Outlook
- 7.1.5 SWOT Analysis
- 7.2 Al Faris Equipment Rental
- 7.2.1 Business Overview
- 7.2.2 Financial Data
- 7.2.3 Product Landscape
- 7.2.4 Strategic Outlook
- 7.2.5 SWOT Analysis
- 7.3 Ashtead Group
- 7.3.1 Business Overview
- 7.3.2 Financial Data
- 7.3.3 Product Landscape
- 7.3.4 Strategic Outlook
- 7.3.5 SWOT Analysis
- 7.4 Boels Rental
- 7.4.1 Business Overview
- 7.4.2 Financial Data
- 7.4.3 Product Landscape
- 7.4.4 Strategic Outlook
- 7.4.5 SWOT Analysis
- 7.5 Briggs Equipment, Inc.
- 7.5.1 Business Overview
- 7.5.2 Financial Data
- 7.5.3 Product Landscape
- 7.5.4 Strategic Outlook
- 7.5.5 SWOT Analysis
- 7.6 Caterpillar Inc.
- 7.6.1 Business Overview
- 7.6.2 Financial Data
- 7.6.3 Product Landscape
- 7.6.4 Strategic Outlook
- 7.6.5 SWOT Analysis
- 7.7 H&E Equipment Services
- 7.7.1 Business Overview
- 7.7.2 Financial Data
- 7.7.3 Product Landscape
- 7.7.4 Strategic Outlook
- 7.7.5 SWOT Analysis
- 7.8 Herc Holdings, Inc. (Herc Rentals, Inc.)
- 7.8.1 Business Overview
- 7.8.2 Financial Data
- 7.8.3 Product Landscape
- 7.8.4 Strategic Outlook
- 7.8.5 SWOT Analysis
- 7.9 Hinkel Equipment Rental Associates
- 7.9.1 Business Overview
- 7.9.2 Financial Data
- 7.9.3 Product Landscape
- 7.9.4 Strategic Outlook
- 7.9.5 SWOT Analysis
- 7.10 Kanamoto Co. Ltd.
- 7.10.1 Business Overview
- 7.10.2 Financial Data
- 7.10.3 Product Landscape
- 7.10.4 Strategic Outlook
- 7.10.5 SWOT Analysis
- 7.11 Kiloutou SAS
- 7.11.1 Business Overview
- 7.11.2 Financial Data
- 7.11.3 Product Landscape
- 7.11.4 Strategic Outlook
- 7.11.5 SWOT Analysis
- 7.12 Loxam Group
- 7.12.1 Business Overview
- 7.12.2 Financial Data
- 7.12.3 Product Landscape
- 7.12.4 Strategic Outlook
- 7.12.5 SWOT Analysis
- 7.13 Maxim Crane Works, L.P.
- 7.13.1 Business Overview
- 7.13.2 Financial Data
- 7.13.3 Product Landscape
- 7.13.4 Strategic Outlook
- 7.13.5 SWOT Analysis
- 7.14 Mtandt Rentals Limited
- 7.14.1 Business Overview
- 7.14.2 Financial Data
- 7.14.3 Product Landscape
- 7.14.4 Strategic Outlook
- 7.14.5 SWOT Analysis
- 7.15 Pekkaniska Oy
- 7.15.1 Business Overview
- 7.15.2 Financial Data
- 7.15.3 Product Landscape
- 7.15.4 Strategic Outlook
- 7.15.5 SWOT Analysis
- 7.16 Sunstate Equipment Company (Sumitomo Corporation)
- 7.16.1 Business Overview
- 7.16.2 Financial Data
- 7.16.3 Product Landscape
- 7.16.4 Strategic Outlook
- 7.16.5 SWOT Analysis
- 7.17 United Rentals, Inc.
- 7.17.1 Business Overview
- 7.17.2 Financial Data
- 7.17.3 Product Landscape
- 7.17.4 Strategic Outlook
- 7.17.5 SWOT Analysis