Here are the key takeaways from the Fortune Business Insights report on the Construction Equipment Rental Market:

• Market size and growth

  • 2023: USD 120.86B
  • 2024: USD 126.15B
  • 2032 (forecast): USD 200.85B
  • CAGR (2024–2032): 6.0%

• Regional snapshot

  • Asia Pacific led with 43.62% share in 2023.
  • Report includes regional/country breakouts (e.g., U.S., China, India, Japan, Germany, UK, etc.).

• Segmentation

  • By equipment type: Earthmoving equipment; Material handling equipment; Concrete & road building equipment; Others.
  • By application: Residential; Commercial; Industrial.

• Market context and trends

  • Post-COVID volatility, high interest rates, commodity price pressures, and skilled labor shortages pushed SMEs to rent rather than buy.
  • Technological progression (e.g., 360° cameras, lift assist, auxiliary work lights, smarter/connected machines) is improving productivity and lowering maintenance, supporting rental uptake.
  • Local/regional rental businesses benefit from flexibility and proximity to contractor customer bases; similar growth patterns cited in the U.S. and Italy.

• Growth drivers

  • Capex avoidance and flexibility for contractors.
  • Equipment availability amid supply chain and cost pressures.
  • Tech-enabled productivity and safety features in newer fleets.

• Headwinds

  • Macroeconomic uncertainty, higher financing costs.
  • Skilled labor shortages and input cost inflation.

Source: Construction Equipment Rental Market Size, Share & Industry Analysis, Fortune Business Insights (Last updated Apr 14, 2025): https://www.fortunebusinessinsights.com/construction-equipment-rental-market-102247

Would you like a 1-page brief (with charts), a competitor landscape, or a regional deep dive (e.g., APAC vs. North America) next?