Technology Research Reports Construction Equipment Rental Market

Construction Equipment Rental Market Analysis, Size, Growth,
Share & Forecast to 2025 | Grand View Research Inc.
“Construction Equipment Rental Market Worth $230.0 Billion by 2025”
The global construction equipment rental market size is expected to reach USD 230.0 billion by 2025 at a 4.8%
CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing trend of
renting heavy construction equipment such as excavators and loaders is anticipated to boost market growth.
Moreover, customers can rent advanced technological equipment and save on time and hidden costs such as
labor cost, maintenance cost, and operational costs involved in buying the same equipment. In addition, rental
companies perform appropriate tests and inspections on rental equipment, thus improving the safety aspect.
Earth moving machinery emerged as the largest segment by product. The segment comprises different types
of heavy construction machinery, such as excavators and loaders that have prominent application in
construction, mining, and agriculture sectors. Excavators alone account for greater than 50% of the market
among different earth moving equipment. Growing mining and construction activities in developing countries
such as China, India, Brazil, and Africa are likely to boost demand for such construction machinery.
Material handling machinery such as crawler crane, trailer mounted crane, and truck mounted crane is
anticipated to gain market share by 2025. Growing construction of skyscrapers and mega township projects
are boosting segment growth. Most builders and construction companies tend to rent this machinery owing to
high purchase cost.
Better road connectivity and well-connected transportation network contribute to the economic growth of a
country. Thus, countries such as China and India are focusing on developing better roads to enhance
connectivity among different parts of the country, which will amplify business and trading opportunities. China,
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