세계의 건설기계 렌탈 시장 규모 : 제품별, 용도별, 지역 범위별, 예측

Construction Equipment Rental Market Size And Forecast

Construction Equipment Rental Market size was valued at USD 30.08 Billion in 2024 and is projected to reach USD 91.38 Billion by 2032, growing at a CAGR of 14.90 % from 2026 to 2032.

The construction equipment rental plays a crucial role in the construction and infrastructure sectors by offering heavy machinery like excavators, cranes, bulldozers, and loaders on a rental basis.

These machines are essential for various applications, including residential, commercial, and industrial construction and large-scale infrastructure projects such as roads, bridges, and highways.

Renting equipment is a cost-effective solution, allowing companies to access high-priced machinery without the need for significant capital investment.

It helps reduce upfront costs, eliminate long-term storage concerns, and minimize maintenance expenses.

The flexibility of equipment rental services allows businesses to adapt quickly to project demands, scaling their operations as needed.

The construction equipment rental market is anticipated to grow significantly due to rising infrastructure development worldwide, especially in emerging economies.

The market's expansion also be driven by a growing preference for sustainable construction practices, with rental services allowing companies to access fuel-efficient and technologically advanced machinery for short-term use.

Global Construction Equipment Rental Market Dynamics

The key market dynamics that are shaping the global construction equipment rental market include:

Key Market Drivers

Cost Efficiency: A report by the American Rental Association (ARA) indicated that the construction and industrial equipment rental market in North America was expected to grow by 3.8% in 2023, reaching nearly $47 billion. Renting construction equipment reduces the need for large upfront investments in machinery, making it an attractive option for companies looking to manage costs effectively.

Rising Infrastructure Development: According to the United Nations Department of Economic and Social Affairs, 68% of the world's population is projected to live in urban areas by 2050, up from 55% in 2018. This urbanization trend is expected to drive significant infrastructure development. The surge in infrastructure projects globally, particularly in emerging economies, is boosting the demand for construction equipment rental services.

Technological Advancements: The availability of advanced, fuel-efficient, and eco-friendly machinery encourages more businesses to opt for rentals rather than purchasing equipment outright.

Increased Focus on Sustainability: Construction companies are increasingly adopting sustainable practices, and renting allows them to use modern, eco-friendly equipment for specific projects without long-term commitments.

Project Flexibility: Renting equipment provides the flexibility to scale operations according to project requirements, allowing businesses to complete projects efficiently without investing in idle machinery.

Government Support: Initiatives and investments in infrastructure development by governments across the globe are further propelling the demand for construction equipment rentals.

Key Challenges

High Maintenance Costs: Rental companies face the challenge of maintaining equipment in peak condition, which can lead to increased maintenance and repair expenses, affecting profitability.

Logistics and Transportation: Transporting heavy machinery to remote construction sites can be costly and time-consuming, often causing delays in project timelines.

Seasonal Demand Fluctuations: The demand for construction equipment rental services can be highly seasonal, with peak periods during major construction projects, leading to inconsistent revenue streams.

Competition from Small-Scale Operators: Intense competition from smaller, local rental companies offering lower prices can impact the market share of established players.

Technological Upgrades: Keeping up with the latest technological advancements and ensuring the rental fleet is updated with new, efficient equipment can be costly for rental companies.

Economic Instability: Global economic fluctuations and uncertainty in the construction industry, particularly in developing regions, may reduce the demand for rental equipment.

Key Trends

Shift Toward Electric and Hybrid Equipment: There is a growing demand for environmentally friendly construction equipment, leading to the adoption of electric and hybrid machines, driven by stringent emission regulations and sustainability goals.

Digitalization and Telematics: The integration of telematics and IoT in construction equipment allows for real-time monitoring, predictive maintenance, and improved fleet management, enhancing operational efficiency for rental companies.

Growth of Urbanization: Increasing urbanization and infrastructure development, particularly in emerging economies, is driving demand for construction equipment rentals as governments invest in large-scale projects.

Focus on Equipment Flexibility: Companies are offering more versatile and multi-purpose equipment to meet a wide range of construction needs, reducing the need for multiple specialized machines.

Preference for Short-Term Rentals: Contractors prefer short-term rentals to maintain flexibility and reduce long-term commitments, enabling them to scale equipment use based on project requirements.

Increased Adoption of Automation: Autonomous and semi-autonomous construction machinery is gaining traction, leading to more efficient and safer construction operations, thus influencing the rental market.

Global Construction Equipment Rental Market Regional Analysis

Here is a more detailed regional analysis of the global construction equipment rental market:

North America

The North American Construction Equipment Rental Market has experienced growth, driven by large-scale infrastructure development and a preference for rental equipment over ownership.

According to the U.S. Census Bureau, the total value of construction put in place in the United States reached $1.96 trillion in 2023, a 4.8% increase from 2022. This growth in construction activity directly correlates with increased demand for equipment rentals.

A report by the American Rental Association (ARA) found that the construction and industrial equipment rental market in North America is expected to grow by 3.5% in 2024 to reach $47.2 billion, indicating a strong preference for renting over buying.

The U.S. Infrastructure Investment and Jobs Act, signed into law in November 2021, allocated $1.2 trillion for infrastructure spending over five years.

According to a report by the Associated General Contractors of America (AGC), 81% of construction firms planned to increase their investments in technology in 2023.

The region, led by the United States and Canada, is home to several key players in the construction industry.

One of the primary reasons for the rise in equipment rentals is the high cost of equipment ownership, which includes maintenance, storage, insurance, and depreciation.

Renting offers flexibility, allowing construction firms to use the latest machinery without incurring long-term costs.

This is especially valuable for small and mid-sized firms that cannot afford to buy expensive equipment outright.

The U.S. government's increasing focus on infrastructure development, including roads, bridges, and public transportation systems, further fuels demand for construction equipment rentals.

With the Biden administration's Infrastructure Investment and Jobs Act, a massive boost in infrastructure spending is expected, creating a heightened need for construction equipment.

Technological advancements, such as telematics and IoT-enabled machines, have also played a crucial role in the growth of the rental market.

These technologies allow companies to track equipment usage, improve efficiency, and ensure better asset management.

The push for sustainability in the construction industry has led to a rise in demand for eco-friendly equipment, such as electric and hybrid machines, which are becoming available through rental services.

The construction equipment rental market in North America is poised for steady growth, with more companies choosing rental services to remain competitive, reduce operational costs, and adopt cutting-edge technologies without long-term financial burdens.

Asia Pacific

The Asia-Pacific region is anticipated to witness fastest growth in the Global Construction Equipment Rental due to rapid urbanization, infrastructure development, and increasing industrialization.

Countries like China, India, and Southeast Asian nations are investing heavily in large-scale infrastructure projects, including roads, bridges, and smart city initiatives, driving the demand for construction equipment rentals.

The high cost of purchasing heavy machinery, coupled with fluctuating demand and project-based needs, has made equipment rental an attractive option for construction companies in this region.

Renting equipment allows companies to access the latest machinery without large capital investments, improving flexibility and reducing maintenance costs.

The growing focus on sustainable construction practices and eco-friendly machinery is pushing rental companies to adopt greener technologies.

This shift is especially relevant in Asia-Pacific, where environmental regulations are tightening, and companies are seeking energy-efficient solutions.

The Asia-Pacific market is expected to grow at a strong pace due to rising investments in infrastructure and industrial projects, government initiatives, and the expansion of smart city development programs across the region.

Global Construction Equipment Rental Market: Segmentation Analysis

The Global Construction Equipment Rental Market is segmented based on Product, Application, And Geography.

Construction Equipment Rental Market, By Product

• Earthmoving Machinery
• Material Handling Machinery
• Concrete and Construction Machinery

Based on the Product Category, the Global Construction Equipment Rental Market is bifurcated into Earthmoving Machinery, Material Handling Machinery, and Concrete and Construction Machinery. The Earthmoving Machinery segment is showing significant growth in the Global Construction Equipment Rental Market owing to increasing infrastructure projects and urbanization across the globe. This category is driven by the demand for machinery like excavators, bulldozers, and loaders, which are essential for large-scale construction activities. The shift towards renting these heavy machines is motivated by the high cost of ownership, and maintenance, and the need for flexibility in managing project-based demands.

Construction Equipment Rental Market, By Application

• Residential
• Commercial
• Industrial

Based on the Application Category, the Global Construction Equipment Rental Market is divided into Residential, Commercial, and Industrial segments. The Residential segment is experiencing growth in the Global Construction Equipment Rental Market owing to the increasing demand for housing and home improvement projects. As urban populations expand, more homeowners are opting for rental equipment to undertake renovations and new construction without the high costs of purchasing machinery.

Construction Equipment Rental Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Global Construction Equipment Rental Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American Construction Equipment Rental Market has experienced growth, driven by large-scale infrastructure development and a preference for rental equipment over ownership. According to the U.S. Census Bureau, the total value of construction put in place in the United States reached $1.96 trillion in 2023, a 4.8% increase from 2022. This growth in construction activity directly correlates with increased demand for equipment rentals. A report by the American Rental Association (ARA) found that the construction and industrial equipment rental market in North America is expected to grow by 3.5% in 2024 to reach $47.2 billion, indicating a strong preference for renting over buying. The U.S. Infrastructure Investment and Jobs Act, signed into law in November 2021, allocated $1.2 trillion for infrastructure spending over five years.

Key Players

The "Global Construction Equipment Rental Market" study report provides valuable insight with an emphasis on the global market. The major players in the market are United Rentals, Inc., Herc Holdings Inc., Ashtead Group Plc, Aktio Corporation, Loxam Sas, Kanamoto Co. Ltd., Nishio Rent All Co., Ltd., H & E Equipment Services Inc., Cramo Group.

• This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Construction Equipment Rental Market Key Developments

• In April 2024, United Rentals expanded its equipment rental fleet with the addition of advanced construction machinery to address the growing demand in key markets.
• In March 2024, Herc Holdings announced the launch of a new digital platform designed to streamline equipment rental processes for customers, improve user experience, and enhance operational efficiency.
• In February 2024, Ashtead Group announced the acquisition of a leading equipment rental company in Europe, bolstering its presence in key markets and expanding its rental portfolio.
• In January 2024, Aktio Corporation announced the launch of a new range of eco-friendly construction equipment rentals, aligning with the industry's increasing focus on sustainability and environmental responsibility.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL CONSTRUCTION EQUIPMENT RENTAL MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL CONSTRUCTION EQUIPMENT RENTAL MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL CONSTRUCTION EQUIPMENT RENTAL MARKET, BY PRODUCT

• 5.1 Overview
• 5.2 Earthmoving Machinery
• 5.3 Material Handling Machinery
• 5.4 Concrete and Construction Machinery

6 GLOBAL CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION

• 6.1 Overview
• 6.2 Residential
• 6.3 Commercial
• 6.4 Industrial

7 GLOBAL CONSTRUCTION EQUIPMENT RENTAL MARKET, BY GEOGRAPHY

• 7.1 Overview
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 U.K.
  • 7.3.3 France
  • 7.3.4 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 Japan
  • 7.4.3 India
  • 7.4.4 Rest of Asia Pacific
• 7.5 Rest of the World
  • 7.5.1 Latin America
  • 7.5.2 Middle East and Africa

8 GLOBAL CONSTRUCTION EQUIPMENT RENTAL MARKET COMPETITIVE LANDSCAPE

• 8.1 Overview
• 8.2 Company Market Ranking
• 8.3 Key Development Strategies

9 COMPANY PROFILES

• 9.1 United Rentals Inc.
  • 9.1.1 Overview
  • 9.1.2 Financial Performance
  • 9.1.3 Product Outlook
  • 9.1.4 Key Developments
• 9.2 Herc Holdings Inc.
  • 9.2.1 Overview
  • 9.2.2 Financial Performance
  • 9.2.3 Product Outlook
  • 9.2.4 Key Developments
• 9.3 Ashtead Group Plc
  • 9.3.1 Overview
  • 9.3.2 Financial Performance
  • 9.3.3 Product Outlook
  • 9.3.4 Key Developments
• 9.4 Aktio Corporation
  • 9.4.1 Overview
  • 9.4.2 Financial Performance
  • 9.4.3 Product Outlook
  • 9.4.4 Key Developments
• 9.5 Loxam Sas
  • 9.5.1 Overview
  • 9.5.2 Financial Performance
  • 9.5.3 Product Outlook
  • 9.5.4 Key Developments
• 9.6 Kanamoto Co. Ltd.
  • 9.6.1 Overview
  • 9.6.2 Financial Performance
  • 9.6.3 Product Outlook
  • 9.6.4 Key Developments
• 9.7 Nishio Rent All Co., Ltd.
  • 9.7.1 Overview
  • 9.7.2 Financial Performance
  • 9.7.3 Product Outlook
  • 9.7.4 Key Developments
• 9.8 H & E Equipment Services, Inc.
  • 9.8.1 Overview
  • 9.8.2 Financial Performance
  • 9.8.3 Product Outlook
  • 9.8.4 Key Developments
• 9.9 Nikken Corporation
  • 9.9.1 Overview
  • 9.9.2 Financial Performance
  • 9.9.3 Product Outlook
  • 9.9.4 Key Developments
• 9.10 Cramo Group
  • 9.10.1 Overview
  • 9.10.2 Financial Performance
  • 9.10.3 Product Outlook
  • 9.10.4 Key Developments

10 Appendix

• 10.1 Related Research