Home > Construction > Construction Equipment > Rental > Construction Equipment Rental Market

Construction Equipment Rental Market Analysis

  • Report ID: GMI773
  • Published Date: Jan 2023
  • Report Format: PDF

Construction Equipment Rental Market Analysis

The industry size from the material handling & cranes segment accounted for USD 15 billion in 2022, due to growing need for handling bulk materials impelled by rapid industrialization. Furthermore, major investments toward the integration of modern technologies and significant efforts by firms to enhance their product portfolios are expected to drive the market development. For instance, CanLift Equipment Ltd., a material handling manufacturer, expanded its product line by adding nine new aerial lift machines from XCMG, a leading construction manufacturing company.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The industry size of construction equipment rental was worth USD 130 billion in 2022 and is projected to register 4% CAGR during 2023 to 2032 owing to the high purchasing cost of new construction equipment.

The material handling & cranes segment amassed over USD 15 billion revenue in 2022 due to the rising need of material handling equipment for effectively handling bulk materials because of rapid industrialization.

The Europe market is anticipated to account for more than 25% of the overall industry revenue by 2032 attributed to the booming construction sector with large and small-scale commercial and residential activities.

Caterpillar Inc., Loxam Group, H&E Equipment Services, Al Faris Equipment Rental, Hinkel Equipment Rental Associates, Aktio Corporation, Boels Rental, Kanamoto Co. Ltd. and United Rentals, Inc., among others are the major players in the competitive industry landscape.

Construction Equipment Rental Market Scope

Buy Now

Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 255
  • Countries covered: 16
  • Pages: 250
 Download Free Sample