Global Construction Equipment Rental Market Size & Outlook
Global construction equipment rental market, 2018-2030 (US$M)
Related Markets
Global construction equipment rental market highlights
- The global construction equipment rental market generated a revenue of USD 195,353.8 million in 2023 and is expected to reach USD 280,134.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, earth moving machinery accounted for a revenue of USD 107,924.2 million in 2023.
- Concrete & Road Construction Machinery is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 195,353.8 million |
| Market revenue in 2030 | USD 280,134.4 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Earth moving machinery |
| Fastest growing segment | Concrete & Road Construction Machinery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery |
Other key industry trends
- In terms of revenue, the North America accounted for 30.9% of the global construction equipment rental market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 7,289.4 million by 2030.
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Construction Equipment Rental Market Scope
Construction Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global construction equipment rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction equipment rental market will help companies and investors design strategic landscapes.
earth moving machinery was the largest segment with a revenue share of 55.25% in 2023. Horizon Databook has segmented the Global construction equipment rental market based on earth moving machinery, material handling machinery, concrete & road construction machinery covering the revenue growth of each sub-segment from 2018 to 2030.
The prominent players in the equipment market are majorly focusing on developing smarter machines by incorporating propriety technology systems. The Telematics system provides brief information about the location and level of the performance of construction equipment as well as the vehicle. Data relayed through the system includes engine hours idling, GPS location, and fuel consumption however, the systems require huge investment which makes them unaffordable for many small builders and contractors.
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Target buyers of Global construction equipment rental market databook
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Our clientele includes a mix of construction equipment rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global construction equipment rental market , including forecasts for subscribers. This global databook contains high-level insights into Global construction equipment rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global construction equipment rental market statistics, by region, 2018-2030 (US$M)
Top 10 countries by Construction Equipment Rental Market revenue, 2023 (USD Million)
Top 10 countries by Construction Equipment Rental Market revenue, 2023 (USD Million)
Global construction equipment rental market, by region, 2023 (US$M)
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