The global construction equipment rental market size reached US$ 116.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 188.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. More Info:- https://www.imarcgroup.com/construction-equipment-rental-market

1. Global Construction
Equipment Rental Market
Research and Forecast
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

2. About IMARC Group
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strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
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organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
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are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.

3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Construction
Equipment Rental Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2024-2032," the global construction equipment
rental market size reached US$ 116.5 Billion in 2023.
Construction equipment rental, or plant hire, is a service industry that rents
various indispensable machinery and hand-held tools to end-users for a
specific duration on a contractual basis. It involves piling rigs, transit mixers,
backhoe loaders, concrete pumps, forklifts, excavators, motor graders, dozers,
crawlers, cranes, and compacters as standard devices.
Construction equipment rental minimizes unwanted maintenance costs,
provides access to updated machines that meet emission regulations, and
mitigates storage space. Along with this, it is cost-effective, offers reliable
tools, and assists in catering to short-term instrument usage and satisfying
temporary production needs. As a result, construction equipment rental
services are used for excavation, mining, material handling, concrete, and
earthmoving applications.
Request for a PDF sample of this report:
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market/requestsample

4. Report Description
Global Construction Equipment Rental Market Trends:
The ongoing mining activities, increasing investments in various infrastructural and renovation projects, and the
rising need for multiple construction equipment to facilitate heavy operations are some primary factors driving the
market growth. Additionally, the shifting end user inclination toward renting construction machinery and tools over
purchasing them, owing to their low initial investments and financial constraints, is acting as another growth-
inducing factor. In line with this, considerable expansion in the construction industry and the continuous
development and renovation of ports, roads, and rail infrastructures by governments are further supplementing
the product demand across the globe.
Moreover, the advent of multiple equipment tracking and mapping solutions, such as telematics systems that
provides brief information regarding the location and performance of construction equipment, is contributing to the
market growth. Apart from this, the rapid establishment of construction equipment rental organizations to offer
onsite support and renting services to small builders and contractors at remote locations is creating a positive
outlook for the market.
Looking forward, IMARC Group expects the market value to reach US$ 188.2 Billion by 2032, growing at a
CAGR of 5.3% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/construction-equipment-rental-market

5. Report
Segmentation
Breakup by Solution Type:
• Products
• Services
Breakup by Equipment Type:
• Heavy Construction Equipment
• Compact Construction Equipment
Breakup by Type:
• Loader
• Cranes
• Forklift
• Excavator
• Dozers

6. Report
Segmentation
• Others
Breakup by Application:
• Excavation and Mining
• Lifting and Material Handling
• Earth Moving
• Transportation
• Others
Breakup by Industry:
• Oil and Gas
• Construction and Infrastructure
• Manufacturing
• Mining
• Others

7. Report
Segmentation
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

8. Competitive
Landscape with
Key Players
• AB Volvo
• Caterpillar Inc.
• CNH Industrial N.V.
• Deere & Company
• Doosan Infracore
• Hitachi Construction Machinery
• Komatsu Ltd.
• Liebherr-International AG

9. Key Questions
Answered in
the Report
What was the size of the global construction equipment
rental market in 2023?
What is the expected growth rate of the global
construction equipment rental market during 2024-2032?
What are the key factors driving the global construction
equipment rental market?
What has been the impact of COVID-19 on the global
construction equipment rental market?
What is the breakup of the global construction equipment
rental market based on the equipment type?
What is the breakup of the global construction equipment
rental market based on the propulsion system?
What are the key regions in the global construction
equipment rental market?
Who are the key players/companies in the global
construction equipment rental market?

10. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Construction Equipment Rental Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Equipment Type
6.1 Earthmoving
6.1.1 Mark et Trends
6.1.2 Key Segments
6.1.2.1 Excavator
6.1.2.2 Loader
6.1.2.3 Back hoe
6.1.2.4 Motor Grader
6.1.2.5 Others
6.1.3 Mark et Forecast

11. Table of
Contents
6.2 Material Handling
6.2.1 Mark et Trends
6.2.2 Key Segments
6.2.2.1 Crawler Crane
6.2.2.2 Trailer-Mounted Crane
6.2.2.3 Truck -Mounted Crane
6.2.3 Mark et Forecast
6.3 Concrete and Road Construction
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Propulsion System
7.1 Electric
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 ICE
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
8 Market Breakup by Application
8.1 Residential
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Commercial
8.2.1 Mark et Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
For more information, visit :
https://www.imarcgroup.com/construction -equipment-rental-
market/toc

12. Disclaimer
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and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and
opinion have been based on information and sources believed to be accurate and reliable at
the time of publishing. International Market Analysis Research and Consulting makes no
representation of warranty of any kind as to the accuracy or completeness of any Information
provided. IMARC accepts no liability whatsoever for any loss or damage resulting from
opinion, errors or inaccuracies if any found this publication.
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International Market Analysis Research and Consulting. All other trademarks used in this
publication are registered trademarks of their respective companies.

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