Construction Equipment Rental Market Size & Share 2026-2035

Construction Equipment Rental Market Size

The global construction equipment rental market was estimated at USD 159.8 billion in 2025. The market is expected to grow from USD 168.7 billion in 2026 to USD 277.2 billion in 2035, at a CAGR of 5.7% according to latest report published by Global Market Insights Inc.
 

The construction equipment rental industry has some of its highest levels of demand for earth moving equipment, materials handling equipment and aerial lift equipment across all three major market segments such as residential, commercial and large construction. While the contractors that are the smallest and mid-sized are the most rapid adopters of rental equipment, the largest contractors are increasingly utilizing rented equipment as a method of managing their peak rental demand and specialized rental equipment needs.
 

This market is currently changing as companies that provide rental services are changing their business models and service levels by focusing on growing or retaining their customer base, bundling their rentals services, and offering predictable pricing. For instance, in November 2024, United Rentals launched a subscription-based rental offer for contractors that have predictable rental needs for their equipment; contractors will have simplified billing, guaranteed equipment availability, and more consistent estimating of the total costs of the rental.
 

The COVID-19 pandemic caused temporary disruption but ultimately strengthened the construction equipment rental industry. Project delays and lower rental usage, especially for commercial and industrial construction, were caused by COVID-related lockdowns, labor shortages, and supply chain issues throughout 2020. At the same time, as capital budgets tightened and ownership risk increased, many contractors began shifting from purchasing equipment to renting it on an accelerated schedule, which is continuing to accelerate the asset-light model’s development. The post-pandemic recovery was primarily driven by government stimulus programs and increased infrastructure spending.
 

In North America, there is a strong rental ecosystem, support from high levels of infrastructure spending, and large amounts of commercial construction have resulted in this region growing to account for more than 50% of the global construction equipment rental market. Additionally, due to the number of new entrants into the market seeking to expand through the renting of equipment, competition is intensifying, and fleets are diversifying. For example, in October 2025, equipment manufacturers with Chinese-based parent companies, including LGMG, LiuGong, and Sany, made notable inroads into the U.S. market by emphasizing equipment rentals, using rental fleets as a low-barrier strategy to build brand visibility, customer trust, and localized distribution in a highly competitive market.
 

The rapid growth of the Asia-Pacific region’s construction equipment rental market is being driven by urbanization, improvements in infrastructure, and a gradual shift from equipment ownership to equipment rentals. Rental providers are increasingly introducing electric and compact equipment to support urban and indoor construction needs. For instance, In September 2025, Kita Machinery Industry advanced Japan’s construction sector by renting electric excavators nationwide, including the ECR25 Electric, which is clean, quiet, and environmentally considerate solutions.

Construction Equipment Rental Market Trends

Rental companies are expanding their fleets to meet the needs of specific construction industries such as renewable energy, tunneling and large infrastructure projects. As a result, equipment rental companies are offering purpose-built equipment to access high-value contracts tied to specific projects and develop loyal customers. The expansion of focused fleet growth further illustrates the trend of focused fleet growth to meet the demands of new construction industries.
 

For example, in February 2025 Herc Rentals began providing specialty rental equipment for businesses involved in renewable energy, especially for companies that build solar farms or install wind turbines. In addition to many types of specialty equipment like all-terrain cranes, heavy forklifts and pile driving equipment, Herc has created a division dedicated to providing specialized equipment for projects in the renewable energy field.
 

Consolidation and strategic mergers are allowing rental companies to grow their market share and improve their density of branches within a geographic area, thus expanding their service area for rentals in prime markets. This will allow for quick delivery times, improved fleet utilization, and more responsive local relationships with customers.
 

In December 2024 Loxam completed the acquisition of a regional rental company in Spain with thirty-five branch locations, thus growing its presence in the Iberian Peninsula by eleven branches. This type of acquisition represents the continuing trend of regional consolidation to create market dominance and operational efficiencies, particularly among rental companies operating in the European and Asian Pacific regions of the world.
 

With sustainability quickly becoming a popular topic in the industry, many rental companies have begun adding electric, hybrid and low-emission equipment to their offerings to meet contractor demand and stay compliant with the new regulations regarding equipment emissions. The fact that these types of machines are quieter and cleaner than their diesel counterparts make them even more appealing to contractors working on construction sites located in urban areas or areas where environmental sensitivity is a concern.
 

In addition to ensuring they meet Environmental, Social & Governance ("ESG") requirements for their fleets, offering eco-friendly machinery provides rental companies with a means of differentiating themselves from their competitors in an increasingly competitive marketplace. Given that most contractors are now selecting rental companies that can provide them with sustainable equipment options without sacrificing on performance; this creates a strong incentive for rental companies to expand the number of green machines they have in their fleets.
 

Construction Equipment Rental Market Analysis

Based on product, the market is divided into earthmoving & roadbuilding equipment, material handling and cranes, and concrete equipment. Earthmoving & roadbuilding equipment segment dominated the market accounting by 57% in 2025 and is expected to grow at a CAGR of 4.9% from 2026 to 2035.
 

• The earthmoving and roadbuilding segments are consolidating and strategically expanding their fleets to keep pace with the increased demand for equipment. Many rental companies acquire either specialized or complimentary businesses as a means of providing customers with more options throughout a region, diversifying their fleet offerings and having access to larger established customer bases.
   
• In 2022, Manitowoc Company, Inc., announced that it would acquire the crane division of H&E Equipment Services, Inc., one of the leading US rental equipment companies, for approximately $130 million. This acquisition exemplifies the trend of strategically acquiring additional assets to expand regional fleet capabilities and support larger scale construction projects, particularly in those sectors that require a significant number of high-capacity cranes and earthmoving support such as roadbuilding and heavy civil construction.
   
• Rental providers in the concrete equipment segment are focusing on enhancing availability, fleet modernization, and regional penetration to cater to increasing residential, commercial, and infrastructure construction demand. Investments in specialized concrete machinery, including mixers, pumps, and batching systems, enable rental companies to provide end-to-end project solutions.
   

Based on propulsion, the construction equipment rental market is categorized into Diesel, CNG/LNG, and Electric. Diesel segments dominated the market with 93% share in 2025, and the segment is expected to grow at a CAGR of 5.2% between 2026 to 2035.
 

• The diesel segment of construction equipment (used machinery) is still the most popular for the heavy-duty contractor due to its overall performance and reliability. The contractor can count on the diesel equipment to do the job of moving dirt, paving an area, or building a large concrete structure in an efficient and effective manner. The rental companies out there all have large diesel fleets of equipment available to contractors both for jobs where diesel is more common than electric, or where electricity will not yet work.
   
• The electric segment of construction equipment is on the rise, and more contractors and rental companies are beginning to respond to the increasing number of environmental regulations, urban constraint restrictions on construction, and ESG commitment initiatives. Electric equipment provides better environmental benefits, less noise and no emissions from the electric construction technology and works well on sensitive sites in urban and educational campuses across the country.
   
• For instance, in June 2024, Sunbelt Rentals recently released its fully electric skid steer as part of their all-electronic fleet and will have them available at the Gateway project at the University of California Berkeley, which is where all the computer and data science students will be working. As this type of project continues to expand, there will be more rental companies offering electric rental equipment in their rental fleets.
   

Based on application, the market is divided into residential construction, commercial construction, industrial construction, and mining & quarrying. Commercial construction dominates the market and was valued at USD 68 billion in 2025.
 

• The residential construction segment is driving demand for compact and versatile rental equipment, such as mini-excavators, skid steers, and small concrete mixers, due to rising housing developments and urban infill projects. Contractors favor rentals to manage project-specific equipment needs and reduce upfront investment, particularly in fast-growing suburban and multi-family housing markets.
   
• The commercial, industrial, and mining & quarrying sectors are increasingly adopting large, specialized rental equipment to support complex projects, heavy infrastructure, and high-capacity material handling. Commercial and industrial construction projects are pushing rental providers to expand fleets with cranes, aerial work platforms, and concrete pumping equipment, while mining and quarrying demand durable, high-performance earthmoving machinery. 
   

US dominated North America construction equipment rental market with revenue of USD 75.6 billion in 2025.
 

• The U.S. construction equipment rental industry is still the largest construction equipment rental industry in the world. Strong levels of robust Infrastructure spending, Commercial Construction, and the maturity of the Rental Industry have all contributed to this area being the largest contraction of new equipment rentals. Contracting firms are also increasingly using rental equipment to pay for their operation and costs, efficiently increasing their ability to scale and providing services related to the renting of specialized equipment for short-term & high-demand projects. For instance, March 2025, the Sumitomo Corporation acquired a US-based equipment rental company and entered the construction equipment rental business in the United States market.
   
• Strong demand for construction materials continues to fuel the Canadian equipment rental industry's growth. Fleet versatility and regional coverage are important to rental companies due to the wide geographic distribution of their customers. The cost efficiency and flexibility of renting from contractors in harsh weather and resource-heavy sectors contribute additionally to rental demand in Canada. Similarly, Canadian rental providers are investing to modernize their fleets and develop maintenance services to provide high uptime and to ensure compliance with environmental regulations, safety regulations, and efficiency and sustainability practices as part of the overall global trend toward sustainability.
   

China construction equipment rental market will grow tremendously with CAGR of 9.5% between 2026 and 2035.
 

• The market in China is growing steadily, driven by urbanization, large-scale infrastructure projects, and government investments in transportation and industrial development. Due to the continuous expansion of project pipelines, contractors are increasingly favoring renting rather than owning equipment to reduce their initial expenditure. The market is robust, with both international brands and domestic firms offering diverse rental solutions across the country.
   
• The Australian market for rental equipment is showing rapid growth in the Mining, Infrastructure and Industrial Construction sectors where there is a need for high capacity and specialized equipment to assist in completing their projects. The recently formed partnership between Emeco Holdings Limited – the provider of rental equipment, and XCMG Mining Equipment Australia Pty Ltd - the manufacturer of mining equipment to provide the ongoing maintenance services for Emeco’s mining fleet reflects the growing trend within the Rental Industry towards forming strategic partnerships to provide a high level of service reliability.
   

The Europe construction equipment rental market in Germany will experience robust growth during 2026-2035.
 

• The European market had a 24% share of the global market and grew at a rate of 4.3%. The German construction equipment rental sector is seeing steady growth and expansion due to the need for infrastructure upgrades, urban redevelopment, and construction in industrial sectors. For example, in November 2025, HKL Baumaschinen acquired Aicheler Baumaschinen Service in Herrenberg as part of its strategy to enhance its market position in the Baden-Württemberg region. This acquisition illustrates the ongoing trend of acquiring businesses to increase market share, increase fleet utilization, and improve rental delivery for local construction projects.
   
• In the UK rental market, urban density, extensive infrastructure projects, and the adoption of tighter environmental regulations that drive asset-light businesses result in a higher rental penetration than most other markets. Consequently, rental companies continue to expand their fleets with more sustainable, lower-emission equipment, while also expanding their digital booking methods and fleet management capabilities.
   

The Brazil will experience robust growth of 6.6% between 2026 and 2035.
 

• Urbanization, as well as investments in infrastructure and industrial projects, are contributing to increased growth within the Brazilian rental market for construction equipment. The increased growth rate of this market has caused rental companies to strategically acquire other companies to increase their local footprint through the acquisition of existing rental contracts with customers.
   
• For example, in June 2025 an acquisition that reflects this trend in Brazil was when Mills acquired Next Rental Locações' equipment and rental business, along with its subsidiary Linha Amarela Rental. This type of acquisition will help consolidate Brazilian rental companies together to expand their rental markets and provide greater efficiency in meeting the increasing demand for construction equipment rental.
   
• Growth in the construction equipment rental markets within Mexico have been driven by developments in infrastructure, energy projects, and the construction of urban buildings. To effectively respond to contractors who are demanding more flexible and cost-effective solutions regarding rental equipment, rental companies are modernizing their fleets, acquiring specialized equipment, and enhancing their service networks throughout Mexico.
   

UAE construction equipment rental market will grow tremendously with CAGR of 6.3% between 2026 and 2035.
 

• The construction equipment rental business in the UAE is experiencing accelerated growth due to large urban development, commercial real estate construction, and increasing numbers of new airports, metro expansions, and skyscrapers being developed. As a result, rental providers are investing in more high-value and specialized equipment to meet contractors' requirements for more complex projects. For example, in October 2024, Quality Equipment Rental LLC (QER) purchased its largest order of 30 aerial work platforms from JLG. This is indicative of a larger trend of fleet expansion and modernization to enhance project capabilities as well as to provide support to large-scale construction projects.
   
• In Saudi Arabia, the rental market is being defined by the country’s Vision 2030 infrastructure emphasis on mega-cities, industrial zones, and renewable energy projects. As a result, rental providers are focusing on providing diversified fleets, expanding their regional branches, and offering specialized equipment to support large-scale resource-intensive construction projects. Another trend developing in this rental market is the evolution of digitally managed rental solutions and predictive maintenance, which enables contractors to increase efficiency in their operations and improve equipment uptime at multiple construction sites.
   

Construction Equipment Rental Market Share

The top 5 companies in the market are United Rentals, Ashtead Technology, Herc Rentals, Loxam, and H&E Equipment. These companies hold around 25% of the market share in 2025.
 

• United Rentals, a global leader in the rental of construction equipment, delivers a vast fleet that includes aerial, earthmoving, material handling and specialty equipment. The Company has thousands of locations throughout North America and selectively throughout the rest of the world, national account programs, digital fleet management and predictive maintenance solutions.
   
• Sunbelt Rentals is the large North American and UK subsidiary of Ashtead Group. It operates a substantial branch network and provides a large and diverse fleet of equipment for general construction, industrial and specialty uses. The Company emphasizes fleet modernization, technology driven rental solutions and sustainability, including machinery with zero emissions.
   
• Herc Rentals is one of the largest companies headquartered in the US that rents general construction, industrial and specialty equipment. It has rapidly expanded through acquisitions of regional rental companies and expanded its branch locations and service capabilities. The company provides excellent customer service to its customers through its multiple customer service centers.
   
• Loxam is one of the largest rental companies in Europe, with operations in over 30 countries and a fleet that includes aerial access, earthmoving and specialized construction machinery. The Company placed strong emphasis on regional presence, quality service and sustainability and offers electric and low-emission equipment to meet the requirements of local environmental regulations.
   
• JLG's global presence as an equipment manufacturer and supplier of rental equipment specializing in aerial work platforms, telehandlers, and specialized lifting applications utilized for construction, maintenance, and industrial purposes, JLG has differentiated itself by providing innovative products of high performance backed by excellent OEM support as well as providing distributors and partners with rental and fleet solutions.
   
• John Deere has taken advantage of its global brand being recognized as the premier equipment manufacturer, thus enabling them to provide rental products to contractors in the construction, agriculture, and industrial segments of the market. While John Deere has a very broad line of equipment for rent such as earthmoving, material handling, and specialized equipment supported by a large dealer network.
   

Construction Equipment Rental Market Companies

Major players operating in the construction equipment rental industry include:

• Allmand Brothers
• Ashtead Technology (Sunbelt Rentals)
• Atlas Rents
• Bakersfield Rental
• Herc Rentals
• JLG
• John Deere Rental
• Loxam 
• Ritchie Bros. Auctioneers
• United Rentals
   

• The market is dominated by the largest suppliers - United Rentals, Ashtead Rentals, and Herc Rentals - competing fiercely on fleet size, geographical reach, and reliability of service. United Rentals is the dominant player in the rental market with the most foot traffic at the branches along with unmatched fleet size and density and thus can provide exceptional service to the national accounts and large infrastructure projects.
   
• Sunbelt Rentals uses operational efficiencies and technology-driven solutions to differentiate itself from the competition including telematics and predictive maintenance, while Herc Rentals is taking a different approach by pursuing targeted acquisition opportunities and offering solutions customized to the unique needs of industrial and specialty construction projects.
   
• Loxam remains the industry's leader by focusing on regional dominance, and high-density branches while offering a fleet of sustainable equipment. With its growing number of acquisitions and strong local presence, Loxam has positioned itself as an effective competitor in highly regulated markets in major metropolitan areas. As equipment manufacturers, JLG give competition to the rental business by providing rental customers with rental-ready equipment, as well as providing OEM-backed fleet solutions that enable contractors to access high-quality equipment with dependable service and parts.
   
• John Deere has also established itself as a leader in the earthmoving and industrial machinery marketplaces by utilizing its brand reputation and nationally distributed dealer network to provide its customers with reliable and high-quality manufacturing products. Prior to being acquired, H&E Equipment was one of the leading regional operators in the United States, with well-established customer relationships and a dependable fleet, and highlights the continued importance of small, regional operators through providing quality operations and specialized services.
   

Construction Equipment Rental Industry News

• January 2026, Turner Construction has introduced a centralized equipment rental and site services unit called First Equipment Co. (FEC), expanding services regularly offered to clients that include mission-critical facility owners at the same time Turner supports trade contractors working on its projects.
   
• January 2026, Turner Construction Company introduced First Equipment Company (FEC), a centralised operation offering equipment rental and site services to projects. The new company, a wholly owned subsidiary of Turner, will provide its services to Turner’s own projects and the more than 40,000 trade contractors working on them annually. 
   
• January 2026, STEVENS Equipment Rental (SER) are supporting site safety by becoming the first customer of Finning UK & Ireland to purchase a Cat 972-wheel loader with the manufacturer’s new Collision Warning System. The factory-fit Collision Warning System aims to enhance operator awareness and mitigate hazards behind the machine through rear object detection, rear-view camera with people detection, and motion inhibit.
   
• September 2025, Sunbelt Rentals, a global leader in the equipment rental industry, today announced in partnership with LA28 and Team USA that it will serve as the rental equipment solutions and services provider for the LA28 Olympic and Paralympic Games.
   

The construction equipment rental market research report includes in-depth coverage of the industry with estimates & revenue ($Bn) and volume (Units) from 2022 to 2035, for the following segments:

Market By Product

• Earthmoving & roadbuilding equipment
  • Backhoe
  • Excavator
  • Loader
  • Compaction equipment
  • Others
• Material handling and cranes
  • Storage and handling equipment
  • Engineered systems
  • Industrial trucks
  • Bulk material handling equipment
• Concrete equipment
  • Concrete pumps
  • Crusher
  • Transit mixers
  • Asphalt pavers
  • Batching plants

Market By Propulsion 

• Diesel
• CNG/LNG
• Electric

Market By Application

• Residential Construction
• Commercial Construction
• Industrial Construction
• Mining & Quarrying 

Market By End use

• Construction Companies
• Mining Operators
• Rental Companies
• Government & Municipalities
• Industrial Users

The above information is provided for the following regions and countries:

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Belgium
  • Netherlands
  • Sweden
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Singapore
  • South Korea
  • Vietnam
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE