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Construction Equipment Rental Market Share

Report ID: GMI773
Published Date: Nov 2024
Report Format: PDF

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Construction Equipment Rental Market Share

Construction Equipment Rental Company Market Share, 2024

Ashtead Group, United Rentals, Inc., Aktio Corporation, H&E Equipment Services, Herc Holdings, Inc. (Herc Rentals, Inc.), Loxam Group, Kanamoto Co. Ltd., and Kiloutou SAS. hold a significant market share of over 19% in the construction equipment rental market. The united rentals company serves three primary end markets for equipment rental: commercial construction, residential construction, industrial and other non-construction sectors. The company has a strong presence in North America with over 1,278 rental locations in the U.S. and in Canada, 11 in Europe, 28 in Australia, and 18 in New Zealand.

Herc Holdings, Inc. operates in the U.S. under its brand, Herc Rentals. Herc Rentals Inc., an equipment rental firm serves a range of customer markets including industrial customers such as manufacturing plants, construction companies, refineries & petrochemical operations, government contractors, government entities utility operators, entertainment production companies, railroads, and infrastructure & facility management firms.

Construction Equipment Rental Market Companies

Major players operating in the construction equipment rental industry include:

Aktio
Ashtead
Boels Rental
Briggs Equipment
Caterpillar
H&E Equipment Services
Herc Holdings (Herc Rentals)
Kanamoto
Kiloutou SAS
Loxam
United Rentals

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global market for construction equipment rental was reached USD 147.4 billion in 2024 and is estimated to grow at a 6.2% CAGR from 2025 to 2034, driven by high purchasing costs for construction machines.

The backhoes segment held over 50% market share in 2024 and is expected to exceed USD 76.3 billion by 2034, propelled by rapid growth in road-building projects and public infrastructure development.

The bulk material handling equipment segment held a 45% market share in 2024, driven by the need for speedy completion of large infrastructure projects and the construction of large commercial establishments and skyscrapers.

North America dominated the global construction equipment rental market with over 35% share in 2024, led by increasing construction activities and the presence of prominent players like Ahern Rentals, Herc Rentals, and Ashtead Group.

Key players in the construction equipment rental industry include Aktio, Ashtead, Boels Rental, Briggs Equipment, Caterpillar, H&E Equipment Services, Herc Holdings (Herc Rentals), Kanamoto, Kiloutou SAS, Loxam, and United Rentals.