Construction Equipment Rental Market Research Report – Global Forecast till 2023

Construction Equipment Rental Market Research Report, By Equipment Type (Earthmoving, Material Handling, and Concrete & Road Construction), Application (Residential, Non-residential and Infrastructure), and Region — Global Forecast till 2023

ID: MRFR/CO/6035-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis: Global Construction Equipment Rental Market


Increasing number of construction activities coupled with high demand for infrastructure investments across the globe, is anticipated to drive the growth of construction equipment rental market for the upcoming years. The market has experiences tremendous growth from the last few years due to the rise in disposable income coupled with technological advancements in the construction projects in the overall construction industry. Increase in trend of heavy rental construction equipment such as excavators, loaders, motor graders, and many others are driving the market growth, which has made an attractive option for business owners to invest on it. Nowadays, consumers can rent new models with advanced technology feature, that not only saves time but also reduces labor cost, maintenance cost and operational costs involved in purchasing the same equipment. Companies inspects those machines on the regular basis in order to make it reliable and for maintenance aspect. Furthermore, rising labor costs in emerging countries such as China and India have also propelled the demand for renting equipment for the next few years. High demand for residential and infrastructure in emerging economies such as China, India and other South Asian countries, has further expected to generate impressive growth of the construction equipment rental market in the next few years. Increase in focus on innovation in new models of the equipment is one of the trends in the construction equipment industry, which is expected to fuel the demand for construction equipment rental over the forecast period. Hence, the global construction equipment rental market is expected to witness a CAGR of around 4.7% over the forecast period. However, lack of skilled labor to operate advanced technology equipment, hinders the growth of the construction equipment rental market.


Global Construction Equipment Rental Market: Regional Analysis


Geographically, the global Construction Equipment Rental Market is segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the world (RoW). Asia-Pacific accounted for the largest market share of around 40% in 2017, which is anticipated to witness maximum growth over the forecast period, followed by North America and Europe. China emerged as the most lucrative country in this region owing to the presence of construction machinery manufacturing facilities. China is one of the largest exporters of construction machineries and exports its most of the machines to Europe and another Asia-Pacific region. North America accounted for a market share of around 32% in the global construction equipment rental market, which is attributed to the increase in demand for construction machines such as excavators and motor graders.


Global Construction Equipment Rental Market: Segmentation


Construction Equipment Rental Market


Source: MRFR Analysis


The global construction equipment rental market has been segmented on the basis of equipment type, application, and region. The equipment type segment is classified into earthmoving, material handling, and concrete & road construction. Earthmoving segment is further bifurcated into excavator, loader, backhoe, motor grader, and others. Material handling segment is further classified into crawler crane, trailer mounted crane, and truck mounted crane.


On the basis of equipment type, earthmoving segment accounted for the largest share in 2017 and is expected to retain this position till 2023. This is attributed to rise in industrial and infrastural construction projects where the demand for excavators, loaders, and backhoe are increasing. Earthmoving equipment has a huge demand in the construction and mining sectors and also provides lucrative market potential to the equipment manufacturers across the globe. However, the material handling segment is projected to witness maximum growth over the forecast period. This is attributed to the increase in demand for machines such as crawler cranes, truck-mounted cranes, and trailer-mounted cranes for the construction of mega infrastructure projects especially in the emerging countries such as China, India, and UAE. Truck-mounted cranes emerged as the largest segment due to its application in the construction of dams,  bridges and other buildings.


On the basis of application, the market is divided into residential, non-residential, and infrastructure. The residental segment accounted for the largest market share in 2017 which is expected to retain this position till 2023. However, the infrastructure segment anticipated to exhibit maximum growth rate in this market. This is attributed to the expansion of industrial construction activities in emerging economies such as China and India.


Key players operating in the global construction equipment rental market includes Ahern Rentals, Inc., Ashtead Group, Blueline Rental LLC, Caterpillar, Inc., Cramo PLC, Shanghai Hongxin Equipment Engineering Co., Ltd., Herc Holdings, Nesco Rentals, Riwal, United Rentals, Inc, and many others. 


The companies adopted various strategies to expand their global presence and increase their foothold in the overal market. Some of the key strategies adopted by the companies include expansions & investments, acquisitions, and securing contracts.The global construction equipment rental market is highly competitive with many companies, across the globe


Intended Audience:



  • Raw Material Suppliers

  • End Users

  • Contractors

  • Traders & Distributors

  • Regulatory Bodies



Frequently Asked Questions (FAQ) :


Construction equipment rental market would achieve a CAGR of 4.7% during the forecast period of 2018-2023.

Lack of skilled worker would hold back construction equipment rental market.

The APAC region would dominate construction equipment rental market.

China would lead the APAC construction equipment rental market.

North America has a 32% construction equipment rental market share.


Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Threat of substitutes

3.1.4 Segment rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities
5 Global Construction Equipment Rental Market, By Equipment Type

5.1 Introduction

5.2 Earthmoving

5.2.1 Excavator

5.2.1.1 Market Estimates & Forecast, 2018-2023

5.2.1.2 Market Estimates & Forecast by Region, 2018-2023

5.2.2 Loader

5.2.2.1 Market Estimates & Forecast, 2018-2023

5.2.2.2 Market Estimates & Forecast by Region, 2018-2023

5.2.3 Backhoe

5.2.3.1 Market Estimates & Forecast, 2018-2023

5.2.3.2 Market Estimates & Forecast by Region, 2018-2023

5.2.4 Motor Grader

5.2.4.1 Market Estimates & Forecast, 2018-2023

5.2.4.2 Market Estimates & Forecast by Region, 2018-2023

5.2.5 Others

5.2.5.1 Market Estimates & Forecast, 2018-2023

5.2.5.2 Market Estimates & Forecast by Region, 2018-2023

5.3 Material Handling

5.3.1 Crawler Crane

5.3.1.1 Market Estimates & Forecast, 2018-2023

5.3.1.2 Market Estimates & Forecast by Region, 2018-2023

5.3.2 Trailer-Mounted Crane

5.3.2.1 Market Estimates & Forecast, 2018-2023

5.3.2.2 Market Estimates & Forecast by Region, 2018-2023

5.3.3 Truck-Mounted Crane

5.3.3.1 Market Estimates & Forecast, 2018-2023

5.3.3.2 Market Estimates & Forecast by Region, 2018-2023
5.4 Concrete & Road Construction

5.4.1 Market Estimates & Forecast, 2018-2023

5.4.2 Market Estimates & Forecast by Region, 2018-2023

6 Global Construction Equipment Rental Market, By Application

6.1 Introduction

6.2 Residential

6.2.1 Market Estimates & Forecast, 2018-2023

6.2.2 Market Estimates & Forecast by Region, 2018-2023

6.3 Non-Residential

6.3.1 Market Estimates & Forecast, 2018-2023

6.3.2 Market Estimates & Forecast by Region, 2018-2023

6.3.3 Commercial

6.3.3.1 Market Estimates & Forecast, 2018-2023

6.3.3.2 Market Estimates & Forecast by Region, 2018-2023

6.3.4 Institutional

6.3.4.1 Market Estimates & Forecast, 2018-2023

6.3.4.2 Market Estimates & Forecast by Region, 2018-2023

6.3.5 Offices

6.3.5.1 Market Estimates & Forecast, 2018-2023

6.3.5.2 Market Estimates & Forecast by Region, 2018-2023

6.3.6 Others

6.3.6.1 Market Estimates & Forecast, 2018-2023

6.3.6.2 Market Estimates & Forecast by Region, 2018-2023

6.4 Infrastructure

6.4.1 Market Estimates & Forecast, 2018-2023

6.4.2 Market Estimates & Forecast by Region, 2018-2023

7 Global Construction Equipment Rental Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2018-2023

7.2.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.2.3 Market Estimates & Forecast by Application, 2018-2023

7.2.4 US

7.2.4.1 Market Estimates & Forecast, 2018-2023

7.2.4.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.2.4.3 Market Estimates & Forecast by Application, 2018-2023

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2018-2023

7.2.5.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.2.5.3 Market Estimates & Forecast by Application, 2018-2023

7.2.6 Mexico

7.2.6.1 Market Estimates & Forecast, 2018-2023

7.2.6.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.2.6.3 Market Estimates & Forecast by Application, 2018-2023

7.3 Europe

7.3.1 Market Estimates & Forecast, 2018-2023

7.3.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.3.3 Market Estimates & Forecast by Application, 2018-2023

7.3.4 UK

7.3.4.1 Market Estimates & Forecast, 2018-2023

7.3.4.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.3.4.3 Market Estimates & Forecast by Application, 2018-2023

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2018-2023

7.3.5.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.3.5.3 Market Estimates & Forecast by Application, 2018-2023

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2018-2023

7.3.6.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.3.6.3 Market Estimates & Forecast by Application, 2018-2023

7.3.7 Italy

7.3.7.1 Market Estimates & Forecast, 2018-2023

7.3.7.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.3.7.3 Market Estimates & Forecast by Application, 2018-2023

7.3.8 Rest of Europe

7.3.8.1 Market Estimates & Forecast, 2018-2023

7.3.8.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.3.8.3 Market Estimates & Forecast by Application, 2018-2023

7.4 Asia-Pacific

7.4.1 Market Estimates & Forecast, 2018-2023

7.4.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.4.3 Market Estimates & Forecast by Application, 2018-2023

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2018-2023

7.4.4.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.4.4.3 Market Estimates & Forecast by Application, 2018-2023

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2018-2023

7.4.5.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.4.5.3 Market Estimates & Forecast by Application, 2018-2023

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2018-2023

7.4.6.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.4.6.3 Market Estimates & Forecast by Application, 2018-2023

7.4.7 Rest of Asia-Pacific

7.4.7.1 Market Estimates & Forecast, 2018-2023

7.4.7.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.4.7.3 Market Estimates & Forecast by Application, 2018-2023

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2018-2023

7.5.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.5.3 Market Estimates & Forecast by Application, 2018-2023

7.5.4 South America

7.5.4.1 Market Estimates & Forecast, 2018-2023

7.5.4.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.5.4.3 Market Estimates & Forecast by Application, 2018-2023

7.5.4.4 Market Estimates & Forecast by Customer Group, 2018-2023

7.5.5 Middle East & Africa

7.5.5.1 Market Estimates & Forecast, 2018-2023

7.5.5.2 Market Estimates & Forecast by Equipment Type, 2018-2023

7.5.5.3 Market Estimates & Forecast by Application, 2018-2023

8 Competitive Landscape

9 Company Profile

9.1 Ahern Rentals, Inc.

9.1.1 Company Overview

9.1.2 Products Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Ashtead Group

9.2.1 Company Overview

9.2.2 Products Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 Blueline Rental LLC

9.3.1 Company Overview

9.3.2 Products Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 Caterpillar, Inc.

9.4.1 Company Overview

9.4.2 Products Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 Cramo PLC

9.5.1 Company Overview

9.5.2 Products Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 Shanghai Hongxin Equipment Engineering Co., Ltd.

9.6.1 Company Overview

9.6.2 Products Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 Herc Holdings

9.7.1 Company Overview

9.7.2 Products Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 Riwal

9.8.1 Company Overview

9.8.2 Products Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Nesco Rentals

9.9.1 Company Overview

9.9.2 Products Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 United Rentals, Inc

9.10.1 Company Overview

9.10.2 Products Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.10.6 SWOT Analysis
List of Tables

Table 1 Global Construction Equipment Rental Market, by Region, 2018–2023

Table 2 North America: Construction Equipment Rental Market, by Country, 2018–2023

Table 3 Europe: Construction Equipment Rental Market, by Country, 2018–2023

Table 4 Asia-Pacific: Construction Equipment Rental Market, by Country, 2018–2023

Table 5 RoW: Construction Equipment Rental Market, by Country, 2018–2023

Table 6 Global Construction Equipment Rental Market, by Equipment Type, by Region, 2018–2023

Table 7 North America: Construction Equipment Rental Market, by Equipment Type, by Country, 2018–2023

Table 8 Europe: Construction Equipment Rental Market, by Equipment Type, by Country, 2018–2023

Table 9 Asia-Pacific: Construction Equipment Rental Market by Equipment Type, by Country, 2018–2023

Table 10 RoW: Construction Equipment Rental Market by Equipment Type, by Country, 2018–2023

Table 11 Global Construction Equipment Rental Market, by Application, by Region, 2018–2023

Table 12 North America: Construction Equipment Rental Market, by Application, by Country, 2018–2023

Table 13 Europe: Construction Equipment Rental Market, by Application, by Country, 2018–2023

Table 14 Asia-Pacific: Construction Equipment Rental Market by Application, by Country, 2018–2023

Table 15 RoW: Construction Equipment Rental Market by Application, by Country, 2018–2023

Table 16 Global Construction Equipment Rental Market, by Region, 2018–2023

Table 17 Global Construction Equipment Rental Market, by Equipment Type, 2018–2023

Table 18 Global Construction Equipment Rental Market, by Application, 2018–2023

Table 19 North America: Construction Equipment Rental Market, by Country

Table 20 North America: Construction Equipment Rental Market, by Equipment Type

Table 21 North America: Construction Equipment Rental Market, by Application

Table 22 Europe: Construction Equipment Rental Market, by Country

Table 23 Europe: Construction Equipment Rental Market, by Equipment Type

Table 24 Europe: Construction Equipment Rental Market, by Application

Table 25 Asia-Pacific: Construction Equipment Rental Market, by Country

Table 26 Asia-Pacific: Construction Equipment Rental Market, by Equipment Type

Table 27 Asia-Pacific: Construction Equipment Rental Market, by Application

Table 28 RoW: Construction Equipment Rental Market, by Region

Table 29 RoW: Construction Equipment Rental Market, by Region

Table 30 RoW: Construction Equipment Rental Market, by Equipment Type

Table 31 RoW: Construction Equipment Rental Market, by Application
List of Figures
FIGURE 1 Research Process of MRFR

FIGURE 2 Top down & Bottom up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value chain analysis

FIGURE 8 Global Construction Equipment Rental Market Share, by Equipment Type, 2017 (%)

FIGURE 9 Global Construction Equipment Rental Market, by Equipment Type, 2018–2023 (USD MILLION)

FIGURE 10 Global Construction Equipment Rental Market Share, by Application, 2017 (%)

FIGURE 11 Global Construction Equipment Rental Market, by Application, 2018–2023 (USD MILLION)

FIGURE 12 Global Construction Equipment Rental Market Share, by Customer Group, 2017 (%)

FIGURE 13 Global Construction Equipment Rental Market, by Customer Group, 2018–2023 (USD MILLION)

FIGURE 14 Global Construction Equipment Rental Market Share (%), by Region, 2017

FIGURE 15 Global Construction Equipment Rental Market, by Region, 2018–2023 (USD MILLION)

FIGURE 16 North America: Construction Equipment Rental Market Share (%), 2017

FIGURE 17 North America: Construction Equipment Rental Market by Country, 2018–2023 (USD MILLION)

FIGURE 18 Europe: Construction Equipment Rental Market Share (%), 2017

FIGURE 19 Europe: Construction Equipment Rental Market, by Country, 2018–2023 (USD MILLION)

FIGURE 20 Asia-Pacific: Construction Equipment Rental Market Share (%), 2017

FIGURE 21 Asia-Pacific: Construction Equipment Rental Market, by Country, 2018–2023 (USD MILLION)

FIGURE 22 Rest of the World Construction Equipment Rental Market Share (%), 2017

FIGURE 23 Rest of the World Construction Equipment Rental Market by Country, 2018–2023 (USD MILLION)