Construction Equipment Rental Market Poised to Reach 0.7 Billion by 2032

1. Register | Login Search Home ▾ Spotlight ▾ Directory ▾ Home > Technology Office Furniture Shipped Direct Browse our huge selec?on of office furniture and have a quality Chair and Desk Set shipped direct to your door! Quality is warranty-backed. Click-and- Ship! Construction Equipment Rental Market Poised to Reach 0.7 Billion by 2032, Fueled by Infrastructure Development and Co Posted by vijay conma on July 7th, 2025 Share A Link : Defini?ve Off-Site External Link List Sharing links online may some?mes be an arduous task however the process can also be incredibly rewarding. Publishers spend countless hours perfec?ng pages and content but need to be equally aware of the reach of their work. By consistently sharing your Construc?on Equipment Rental Market The global construction equipment rental market, valued at .5 billion in 2018, is projected to grow at a CAGR of 6.6%, reaching 0.7 billion by 2032, according to a new report by Allied Market Research. The market is driven by increasing urbanization, government infrastructure investments, and the cost benefits of renting over purchasing heavy machinery. Key Market Drivers 1. Rapid Urbaniza?on and Infrastructure Development Adver?se Here Emerging economies in Asia-Pacific, Latin America, and Africa are experiencing population growth and urbanization, leading to increased demand for housing, roads, airports, and utilities. Governments are investing heavily in infrastructure: Brazil allocated 7.3 million in 2021 for infrastructure development. The U.S. introduced a  trillion infrastructure plan in 2021, covering transportation, broadband, and energy grids. 2. Cost Efficiency and Flexibility Renting construction equipment reduces capital expenditure for businesses. Companies avoid maintenance costs, storage, and depreciation associated with ownership. Short-term projects benefit from flexible rental agreements without long-term commitments. 3. Technological Advancements in Equipment Manufacturers are developing fuel-efficient, IoT-enabled, and automated machinery. Example: Doosan Infracore launched a 100-ton smart excavator in 2021 with optimized fuel efficiency. Telematics and remote monitoring improve equipment utilization and safety. Market Segmenta?on By Applica?on Earthmoving (Largest Segment in 2022): Includes excavators, bulldozers, and loaders for site preparation. Material Handling: Covers cranes and forklifts for moving heavy materials. Concrete Equipment: Used in road construction and building projects. By Product Type Loaders (Highest Revenue in 2022): Essential for moving debris and materials. Excavators & Backhoes: Widely used in mining and excavation. Cranes: Critical for high-rise construction and industrial projects. By Propulsion System ICE (Internal Combustion Engine) Dominates: Traditional diesel-powered equipment remains widely used. Electric Equipment Gaining Traction: Driven by sustainability regulations and lower emissions. By Region Asia-Pacific (Market Leader): Rapid urbanization in China, India, and Southeast Asia fuels demand. North America & Europe: Mature markets with steady growth due to infrastructure upgrades. Latin America & Africa: Emerging opportunities in mining and public works projects. Challenges and Restraints 1. Shortage of Skilled Operators Operating heavy machinery requires specialized training and licensing. Rental companies must invest in operator training programs, increasing costs. 2. High Ini?al Costs of Advanced Equipment While renting reduces capital expenditure, newer, high-tech machines may still be expensive to lease. Future Growth Opportuni?es 1. Smart and Autonomous Equipment AI, IoT, and automation will improve efficiency and reduce labor dependency.

2. Remote-controlled and autonomous machinery will enhance safety in hazardous environments. 2. Sustainable Equipment Rentals Demand for electric and hybrid construction equipment is rising due to emission regulations. Rental companies offering eco-friendly machinery will gain a competitive edge. Compe??ve Landscape Key players focus on expanding rental fleets, digital platforms, and partnerships: United Rentals Herc Rentals Sunbelt Rentals Loxam Nishio Rent All Key Findings ✔ Earthmoving equipment leads in application demand. ✔ Loaders generate the highest revenue among product types. ✔ ICE-powered machinery dominates, but electric equipment is growing. ✔ Asia-Pacific will remain the largest market through 2032. Like it? Share it! About the Author vijay conma Joined: August 1st, 2020 Ar?cles Posted: 16 More by this author Digital Manufacturing Market Size, Share, Compe??ve Landscape and Trend Analysis Report Glass Packaging Market Overview 3D Concrete Prin?ng Market Size, Share, Compe??ve Landscape and Trend Analysis Report Trending Ar?cles | Register | Login Copyright © 2010-2025 Uberant.com