×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

China Construction Equipment Rental Market

ID: MRFR/PCM/44380-HCR
111 Pages
Snehal Singh
October 2025

China Construction Equipment Rental Market Research Report: By Type (earthmoving, excavators, loaders, backhoe, motor graders, others (bulldozer, trenchers, etc.), material handling, cranes, telescopic handlers, others (forklift, pallet jacks, etc.), heavy vehicles, dumpers, tippers, concrete road construction, concrete pumps, crushers, batching plant, pavers, others (road rollers, cold planers, etc.)) and By Application (residential, infrastructure, oil and gas, mining, manufacturing, municipal and government projects, transportation and logistics, agriculture, forestry, entertainment sector, commercial space) - Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

China Construction Equipment Rental Market Infographic
Purchase Options

China Construction Equipment Rental Market Summary

As per Market Research Future analysis, the China construction equipment rental market size was estimated at 17.5 USD Billion in 2024. The China construction equipment-rental market is projected to grow from 18.32 USD Billion in 2025 to 29.05 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The China construction equipment-rental market is experiencing robust growth driven by urbanization and technological advancements.

  • Urbanization and infrastructure development are propelling the demand for construction equipment rentals in China.
  • The largest segment in this market is the earthmoving equipment rental, while the fastest-growing segment is aerial work platforms.
  • Sustainability and environmental considerations are increasingly influencing rental practices and equipment choices.
  • Rising demand for construction projects and cost efficiency are key drivers shaping the market landscape.

Market Size & Forecast

2024 Market Size 17.5 (USD Billion)
2035 Market Size 29.05 (USD Billion)
CAGR (2025 - 2035) 4.71%

Major Players

United Rentals (US), Sunbelt Rentals (US), Herc Rentals (US), Loxam (FR), Ahern Rentals (US), Cramo (FI), Riwal (NL), Coates Hire (AU)

Our Impact
Enabled $4.3B Revenue Impact for Fortune 500 and Leading Multinationals
Partnering with 2000+ Global Organizations Each Year
30K+ Citations by Top-Tier Firms in the Industry

China Construction Equipment Rental Market Trends

the construction equipment-rental market is experiencing notable growth, driven by rapid urbanization and infrastructure development. As cities expand and new projects emerge, the demand for rental equipment has surged. This trend is particularly evident in urban areas where construction activities are prevalent. The flexibility and cost-effectiveness of renting equipment appeal to many businesses, allowing them to allocate resources more efficiently. Additionally, the increasing focus on sustainability and environmental considerations is influencing the market dynamics, as companies seek to minimize their carbon footprint by opting for rental solutions rather than purchasing equipment outright. Moreover, technological advancements are reshaping the landscape of the construction equipment-rental market. Innovations such as telematics and advanced machinery are enhancing operational efficiency and safety. Rental companies are increasingly adopting digital platforms to streamline operations and improve customer experience. This shift towards technology not only facilitates better inventory management but also provides clients with real-time data on equipment usage. As the market continues to evolve, it appears poised for further expansion, driven by both economic factors and technological progress.

Urbanization and Infrastructure Development

The ongoing urbanization in China is significantly impacting the construction equipment-rental market. As cities grow and infrastructure projects multiply, the need for rental equipment becomes more pronounced. This trend is likely to continue as urban areas expand, creating opportunities for rental services.

Sustainability and Environmental Considerations

There is a growing emphasis on sustainability within the construction sector. Companies are increasingly aware of their environmental impact and are opting for rental solutions to reduce their carbon footprint. This shift towards eco-friendly practices is expected to drive demand in the construction equipment-rental market.

Technological Advancements

Technological innovations are transforming the construction equipment-rental market. The integration of telematics and advanced machinery enhances efficiency and safety. Furthermore, the adoption of digital platforms by rental companies is streamlining operations and improving customer interactions, indicating a trend towards modernization.

China Construction Equipment Rental Market Drivers

Increased Focus on Project Timelines

the construction equipment-rental market is significantly influenced by the increasing emphasis on project timelines. As competition intensifies, construction firms are under pressure to complete projects more rapidly. Renting equipment allows for quicker access to the latest machinery without the delays associated with purchasing. In 2025, it is projected that around 70% of construction projects will utilize rental equipment to meet tight deadlines. This trend highlights the importance of flexibility and speed in the construction industry, further driving the growth of the construction equipment-rental market.

Rising Demand for Construction Projects

the construction equipment-rental market experiences a notable surge in demand due to the increasing number of construction projects across urban and rural areas. Government initiatives aimed at infrastructure development, such as the Belt and Road Initiative, have led to a significant rise in construction activities. In 2025, the construction sector is projected to grow by approximately 8%, driving the need for rental equipment. This trend indicates that construction companies prefer renting over purchasing equipment to manage costs effectively. The flexibility and lower capital expenditure associated with rentals make it an attractive option for contractors, thereby propelling the growth of the construction equipment-rental market.

Cost Efficiency and Financial Flexibility

Cost efficiency remains a critical driver for the construction equipment-rental market in China. Companies are increasingly opting for rental solutions to avoid the high upfront costs associated with purchasing equipment. Renting allows firms to allocate financial resources more effectively, particularly in a competitive market where margins are tight. In 2025, it is estimated that around 60% of construction firms will choose rental options to maintain liquidity and operational flexibility. This trend suggests that the construction equipment-rental market is likely to expand as businesses seek to optimize their financial strategies while managing project demands.

Regulatory Support and Government Policies

Government policies and regulations play a pivotal role in shaping the construction equipment-rental market in China. Recent initiatives aimed at promoting sustainable construction practices and reducing emissions have encouraged the adoption of rental services. In 2025, the government is expected to introduce incentives for companies that utilize rental equipment, which could lead to a 15% increase in market participation. This regulatory support indicates a favorable environment for the construction equipment-rental market, as it aligns with broader goals of sustainability and efficiency in the construction sector.

Technological Integration in Rental Services

The integration of advanced technologies into the construction equipment-rental market is transforming how services are delivered. Innovations such as telematics, GPS tracking, and mobile applications enhance equipment management and operational efficiency. In 2025, it is anticipated that approximately 30% of rental companies will adopt these technologies to improve customer service and equipment utilization rates. This technological shift not only streamlines operations but also provides valuable data analytics for better decision-making. Consequently, the construction equipment-rental market is poised for growth as companies leverage technology to enhance service offerings and customer satisfaction.

Market Segment Insights

By Equipment Type: Excavators (Largest) vs. Forklifts (Fastest-Growing)

In the China construction equipment-rental market, the equipment type segment consists of various key players, notably excavators and forklifts. Excavators hold the largest market share owing to their versatile applications in earthmoving and site preparation. Loaders and crushers also play significant roles, but their market penetration lags behind excavators. Overall, the distribution of market shares indicates a strong preference for excavation machinery among contractors and construction firms. On the other hand, forklifts are emerging as the fastest-growing segment, driven by the increasing demand for material handling solutions in logistics and warehousing. The rise in urban construction projects has further boosted the need for loaders and scaffolding as complementary equipment. Thus, innovations and the need for operational efficiency are crucial growth drivers for equipment rental services.

Excavators (Dominant) vs. Crushers (Emerging)

Excavators are considered the dominant equipment type in the China construction equipment-rental market due to their essential role in a variety of construction tasks such as digging, grading, and demolition. Their versatility makes them a preferred choice for contractors across different project scopes. In contrast, crushers are emerging in popularity as the market evolves, driven by the increasing focus on recycling and waste management in construction projects. As infrastructure developments surge, the demand for efficient material processing solutions like crushers is gaining momentum. Both segments showcase distinct characteristics—excavators emphasize operational capability while crushers highlight advancements in technology for enhanced processing efficiency, appealing to different segments of the construction industry.

By End Use Industry: Residential (Largest) vs. Infrastructure (Fastest-Growing)

In the China construction equipment-rental market, the market share distribution shows that the Residential sector dominates the landscape, driven by increasing urbanization and growing residential building projects. Meanwhile, the Infrastructure segment is witnessing rapid growth, influenced by significant government investments in public infrastructure projects, enhancing overall market dynamics. Growth trends in this segment are largely supported by increasing demand for rental equipment in both the Residential and Infrastructure sectors. The Residential sector's growth is fueled by ongoing urban development, while the Infrastructure segment is evolving quickly due to initiatives aimed at improving transportation and utility infrastructures, reflecting the broader economic ambitions of the nation.

Residential (Dominant) vs. Infrastructure (Emerging)

The Residential segment stands out as the dominant force in the China construction equipment-rental market, characterized by a robust demand for rental machinery for housing developments, renovations, and various construction activities. This segment benefits from a continuous influx of urban migrants and government-supported housing initiatives. On the other hand, the Infrastructure segment is emerging rapidly, marked by a surge in demand for larger equipment rentals needed for roadways, bridges, and utility installations. This shift reflects a vital transformation in the country's focus on enhancing infrastructure capabilities to support its rising urban population and economic growth.

By Rental Duration: Short-term (Largest) vs. Project-based (Fastest-Growing)

In the rental duration segment of the construction equipment-rental market, short-term rentals hold the largest market share, appealing to various businesses that require equipment for brief periods. The convenience and reduced initial capital investments make short-term rentals attractive, especially for smaller construction firms and contractors. Project-based rentals are gaining traction as they cater to specific project needs, allowing for tailored equipment solutions, which enhances their share in the market. The growth trends within this segment reflect a shift towards flexibility and cost-efficiency, prompting companies to increasingly adopt project-based rental models. This approach not only meets the demands of dynamic project timelines but also aligns with the industry's move towards sustainable practices. The rise in infrastructure projects, alongside an increasing number of short-term contracts, indicates a robust growth trajectory for both short-term and project-based rentals in the market.

Short-term (Dominant) vs. Long-term (Emerging)

Short-term rentals are characterized by their ability to provide immediate access to construction equipment without the long-term commitment, making them the preferred choice for many contractors and businesses. This segment benefits from a diverse range of equipment offerings, allowing customers to choose exactly what they need for short durations. On the other hand, long-term rentals are emerging as companies recognize the advantages of maintaining equipment without the burden of ownership. This segment is becoming increasingly popular among larger projects that require consistent use over extended periods, thus offering stability to rental companies while meeting the long-term needs of their clients.

By Customer Type: Contractors (Largest) vs. Government (Fastest-Growing)

In the China construction equipment-rental market, contractors represent the largest customer segment, commanding a significant share due to the increasing number of infrastructure projects and construction activities across various sectors. Developers and individuals also form notable portions of the market, though they do not match the scale of contractor demand. The government's growing focus on public infrastructure is enhancing the rental market as well, particularly through project initiations that require significant fleet utilization. Looking at growth trends, the government segment is emerging as the fastest-growing customer type in the rental market. This is driven by heightened public spending on infrastructure and urbanization initiatives. Contractors remain stable in their demand, primarily due to ongoing construction projects. The expansion of digital rental platforms also plays a critical role, facilitating access and increasing the attractiveness of rental options for various customer types.

Contractors (Dominant) vs. Government (Emerging)

Contractors hold a dominant position in the China construction equipment-rental market as their continuous demand is propelled by the expansion of commercial and civil infrastructure projects. These professionals often require a diverse range of equipment to meet varying project specifications, from heavy machinery to specialized tools. In contrast, the government sector is emerging as a vital player, with increasing investments in infrastructure and public works fueling demand. While contractors tend to rent for specific project durations, the government often engages in longer-term rentals to support extensive urban development initiatives. Both segments influence market dynamics significantly, but contractors are currently better positioned as the backbone of rental services.

Get more detailed insights about China Construction Equipment Rental Market

Key Players and Competitive Insights

The construction equipment-rental market in China is characterized by a dynamic competitive landscape, driven by increasing infrastructure investments and urbanization. Key players are actively pursuing strategies that emphasize innovation, regional expansion, and digital transformation. For instance, United Rentals (US) has focused on enhancing its digital platforms to streamline operations and improve customer engagement, while Loxam (FR) has been expanding its footprint in Asia, indicating a strategic push towards capturing emerging markets. These collective strategies contribute to a competitive environment that is increasingly shaped by technological advancements and customer-centric approaches.In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for niche players to thrive, while larger companies leverage their scale to optimize costs and improve service delivery. The interplay between these tactics and the competitive structure suggests a landscape where agility and responsiveness to market demands are paramount.

In October Sunbelt Rentals (US) announced a partnership with a leading technology firm to integrate AI-driven analytics into its rental management systems. This strategic move is likely to enhance operational efficiency and provide deeper insights into customer preferences, thereby improving service offerings. The integration of AI could position Sunbelt Rentals as a frontrunner in leveraging technology for competitive advantage.

In September Herc Rentals (US) launched a new sustainability initiative aimed at reducing carbon emissions across its fleet. This initiative not only aligns with The construction equipment-rental market. By investing in eco-friendly equipment and practices, the company may attract environmentally conscious clients, thereby enhancing its market appeal.

In August Ahern Rentals (US) expanded its rental inventory to include electric-powered equipment, responding to the growing demand for sustainable solutions. This strategic expansion reflects a broader trend within the industry towards electrification and sustainability, potentially allowing Ahern Rentals to capture a segment of the market that prioritizes environmental responsibility.

As of November the competitive trends in the construction equipment-rental market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are becoming more prevalent, as companies seek to enhance their capabilities and market reach. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to adapt to these evolving trends.

Key Companies in the China Construction Equipment Rental Market include

Industry Developments

In recent months, the China Construction Equipment Rental Market has been witnessing significant growth, with major players such as Sany Heavy Industry, Zoomlion, and XCMG expanding their operations to cater to increasing demand from government infrastructure projects.

In July 2023, Doosan Infracore announced its enhancement of equipment rental services, aiming to diversify offerings in line with the government's push for modernization in urban construction. CASE Construction Equipment has also focused on innovative rental solutions, targeting rapid urbanization and state-sponsored infrastructure expenditures.

Furthermore, in September 2023, a strategic partnership was established between Hitachi Construction Machinery and China National Construction Group to optimize fleet management solutions, enhancing operational efficiency.

The market has seen considerable advancement in technology integration, particularly with companies like CAT and Volvo Construction Equipment implementing IoT and AI to streamline rental processes.

Meanwhile, in August 2023, XCMG reported a 15% increase in rental service revenue, reflecting the industry's resilience. As companies align with China's 14th Five-Year Plan for economic recovery and urban renewal, increased investments and synergy among leading firms are expected to continue driving market growth and innovation.

Future Outlook

China Construction Equipment Rental Market Future Outlook

The construction equipment-rental market in China is projected to grow at a 4.71% CAGR from 2025 to 2035, driven by urbanization, infrastructure investments, and technological advancements.

New opportunities lie in:

  • Development of telematics-enabled rental equipment for real-time monitoring.
  • Expansion of rental services into rural and underserved markets.
  • Partnerships with construction firms for exclusive rental agreements.

By 2035, the market is expected to exhibit robust growth and increased competitiveness.

Market Segmentation

China Construction Equipment Rental Market Customer Type Outlook

  • Contractors
  • Developers
  • Government
  • Individuals

China Construction Equipment Rental Market Equipment Type Outlook

  • Excavators
  • Crushers
  • Loaders
  • Forklifts
  • Scaffolding

China Construction Equipment Rental Market Rental Duration Outlook

  • Short-term
  • Long-term
  • Project-based

China Construction Equipment Rental Market End Use Industry Outlook

  • Residential
  • Commercial
  • Infrastructure
  • Industrial

Report Scope

MARKET SIZE 2024 17.5(USD Billion)
MARKET SIZE 2025 18.32(USD Billion)
MARKET SIZE 2035 29.05(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.71% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled United Rentals (US), Sunbelt Rentals (US), Herc Rentals (US), Loxam (FR), Ahern Rentals (US), Cramo (FI), Riwal (NL), Coates Hire (AU)
Segments Covered Equipment Type, End Use Industry, Rental Duration, Customer Type
Key Market Opportunities Adoption of advanced telematics and automation in the construction equipment-rental market enhances operational efficiency.
Key Market Dynamics Rising demand for sustainable construction practices drives innovation in the construction equipment-rental market.
Countries Covered China
Leave a Comment

FAQs

What is the projected market size of the China Construction Equipment Rental Market in 2024?

The projected market size of the China Construction Equipment Rental Market in 2024 is expected to be valued at 14.96 USD Billion.

What is the estimated market size for the China Construction Equipment Rental Market by 2035?

By 2035, the China Construction Equipment Rental Market is expected to reach a valuation of 28.44 USD Billion.

What is the compound annual growth rate (CAGR) for the China Construction Equipment Rental Market from 2025 to 2035?

The expected CAGR for the China Construction Equipment Rental Market from 2025 to 2035 is 6.011%.

Which segment in the China Construction Equipment Rental Market is expected to have the largest market share in 2024?

The earthmoving segment is expected to have the largest market share in 2024 with a value of 4.0 USD Billion.

What is the projected market value for excavators in the China Construction Equipment Rental Market by 2035?

The projected market value for excavators in the China Construction Equipment Rental Market by 2035 is 6.5 USD Billion.

Who are the major players in the China Construction Equipment Rental Market?

Major players in the market include Doosan Infracore, Sany Heavy Industry, CAT, Zoomlion, and Komatsu.

What is the expected market size for loaders in the China Construction Equipment Rental Market in 2024?

The expected market size for loaders in the China Construction Equipment Rental Market in 2024 is 2.5 USD Billion.

What are the primary growth drivers for the China Construction Equipment Rental Market?

Key growth drivers include urbanization, infrastructure development, and increasing demand for rental services.

What is the anticipated market value for backhoes in the China Construction Equipment Rental Market by 2035?

The anticipated market value for backhoes in the China Construction Equipment Rental Market by 2035 is 4.0 USD Billion.

What impact do current global scenarios have on the China Construction Equipment Rental Market?

Current global scenarios can lead to fluctuations in demand and supply, impacting pricing and overall market dynamics.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions