Construction Equipment Rental Market Share, Segments, Trends, Growth, and Geography- Analysis, and Forecast 2023-2027

The construction equipment rental market is segmented by application (ECRCE and MHE), type (ICE and electric), and geography (North America, Europe, APAC, Middle East and Africa, and South America). An increase in the adoption of automation is the major construction equipment rental market trend which will positively influence the market value. 

Construction Equipment Rental Market Outlook 2027 

• The construction equipment rental market share will value over USD 31,466.43 million by 2027 

• It is estimated to expand at a CAGR of 5.17% from 2022 to 2027 

• The construction equipment rental market size will witness a YOY growth rate of 5.09% in 2023 

Browse Technavio's 164-page report and in-depth TOC on "Construction Equipment Rental Market by application (ECRCE and MHE), type (ICE and electric), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

View detailed Table of Contents Here: https://www.technavio.com/report/construction-equipment-rental-market-industry-analysis?v1

An increase in the Adoption of Automation will Fuel the Market Growth  

The construction industry is experiencing automation renovation and the deployment of autonomous, self-driving machines to carry, dig, spread, or move materials under minimum supervision. CAD-based software programs in AGVs route all available paths and provide proper locations for picking and unloading. Hence, automation will further increase market growth during the forecast years.

Increased Investment in Infrastructure to Drive Market Growth 

The increased investment in infrastructure is notably driving the market growth. The demand for construction equipment rental is growing due to the increasing investment in infrastructure projects across the world. Spending on such capital-intensive projects and infrastructure development is expected to grow significantly in the next decade, which will augment the growth of the global market during the forecast period. 

Construction Equipment Rental Market Vendors 

Some of the major construction equipment rental market vendors are: 

• Aktio Corp.
• Associated Equipment Rentals Pvt. Ltd.
• Briggs Equipment
• Byrne Equipment Rental
• Caterpillar Inc.
• Cramo Oy
• Finning International Inc.
• Herc Rentals Inc.
• HSS ProService Ltd.
• Kanamoto Co. Ltd.
• Kwipped Inc.
• LGH
• Loxam
• Nishio Rent All Co. Ltd.
• Sunstate Equipment Co. LLC

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

• The operational challenges are the major hindrance for market players 

• The construction equipment rental market structure is fragmented in nature. 

• 40% of the construction equipment rental market growth will develop from North America. 

• The market growth by the ECRCE segment will be significant during 2023-2027.