GITNUXREPORT 2026

Rental Equipment Industry Statistics

The global equipment rental industry is steadily growing due to construction and infrastructure demands.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

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Statistic 1

United Rentals reported $14.3 billion in revenue for 2023.

Statistic 2

Sunbelt Rentals' fleet value exceeded $10 billion in 2023.

Statistic 3

Herc Rentals net income rose 15% to $512 million in 2023.

Statistic 4

Ashtead Group (owner of Sunbelt) saw 13% revenue growth to £10.4 billion in FY2023.

Statistic 5

H&E Equipment Services fleet size reached 45,000 units in 2023.

Statistic 6

BigRentz platform facilitated 1.2 million rentals in 2023.

Statistic 7

Ahern Rentals expanded fleet by 20% in 2023 to 25,000 units.

Statistic 8

Loxam (France) revenue €3.2 billion in 2023.

Statistic 9

Boels Rental (Netherlands) fleet 800,000 units in 2023.

Statistic 10

Ramirent Group EBITDA margin 22% in 2023.

Statistic 11

Aggreko power rental revenue $2.1 billion in 2023.

Statistic 12

EquipmentShare valuation reached $2.8 billion in 2023 funding.

Statistic 13

WillScot (mobile rentals) $1.9 billion revenue 2023.

Statistic 14

Maxim Crane Works lifted 1.5 million tons in 2023 rentals.

Statistic 15

Kleemann (Wirtgen Group) rental partners grew 18% 2023.

Statistic 16

BlueLine Rental rebranded, revenue $1.5 billion 2023.

Statistic 17

Sarens crane rentals revenue €1.1 billion 2023.

Statistic 18

Algeco (modular space) $900 million rental revenue.

Statistic 19

Byrne Equipment Rental fleet 30,000+ units 2023.

Statistic 20

Vulcan Steel rentals contributed 22% to revenue 2023.

Statistic 21

The global equipment rental market size was valued at USD 112.6 billion in 2022 and is projected to grow to USD 149.4 billion by 2030 at a CAGR of 3.7%.

Statistic 22

In 2023, the U.S. construction equipment rental market reached $52.4 billion, up 5.2% from 2022.

Statistic 23

Europe's equipment rental industry generated €45.2 billion in revenue in 2022, with a forecasted CAGR of 4.1% through 2028.

Statistic 24

The Asia-Pacific rental equipment market is expected to grow at the highest CAGR of 5.8% from 2023 to 2030, driven by urbanization.

Statistic 25

North American equipment rental market share was 38% of global in 2023, valued at $45.7 billion.

Statistic 26

Global equipment rental market size was valued at USD 115.8 billion in 2023.

Statistic 27

The U.S. equipment rental market is expected to grow at a CAGR of 4.5% from 2024-2030.

Statistic 28

Latin America equipment rental market reached $8.9 billion in 2023.

Statistic 29

The market for general tool and equipment rental in the U.S. was $7.2 billion in 2023.

Statistic 30

Construction equipment rental market in India valued at $2.1 billion in FY2023.

Statistic 31

Global market CAGR forecasted at 5.2% 2024-2032.

Statistic 32

Video surveillance equipment rentals $1.2 billion in 2023.

Statistic 33

Canada equipment rental market $6.7 billion CAD in 2023.

Statistic 34

Middle East construction rental $4.1 billion in 2023.

Statistic 35

Africa equipment rental growth 7.5% CAGR to 2030.

Statistic 36

The U.S. leads with 42% of North American market share in equipment rentals in 2023.

Statistic 37

China’s equipment rental market grew 8.4% in 2023, reaching RMB 450 billion.

Statistic 38

Germany's rental penetration rate is 65% for construction equipment in 2023.

Statistic 39

India's equipment rental market is projected to reach $5.2 billion by 2025.

Statistic 40

Middle East & Africa rental market CAGR is 4.9% from 2023-2030.

Statistic 41

Latin America's rental market grew 6.1% in Brazil in 2023.

Statistic 42

UK equipment rental industry revenue hit £12.5 billion in 2023.

Statistic 43

Australia's construction equipment rental market share is 25% of total construction spend.

Statistic 44

Japan’s rental market for heavy machinery is valued at ¥2.1 trillion in 2023.

Statistic 45

Canada’s rental fleet utilization rate averaged 72% in 2023.

Statistic 46

France's equipment rental market revenue was €9.8 billion in 2023.

Statistic 47

Southeast Asia rental market CAGR projected at 6.2% to 2028.

Statistic 48

South Korea's heavy equipment rental market $3.4 billion in 2023.

Statistic 49

Mexico construction equipment rentals grew 7.3% in 2023.

Statistic 50

South Africa's rental industry fleet utilization 75% in 2023.

Statistic 51

Netherlands rental penetration 70% for large equipment in 2023.

Statistic 52

Saudi Arabia's Vision 2030 boosted rentals by 14% in 2023.

Statistic 53

Russia's equipment rental market $2.8 billion despite sanctions 2023.

Statistic 54

Italy rental market €5.6 billion in 2023.

Statistic 55

UAE equipment rentals $1.8 billion driven by Expo legacy.

Statistic 56

Indonesia construction rentals $1.2 billion in 2023.

Statistic 57

Spain's rental revenue €4.2 billion 2023.

Statistic 58

Turkey market growth 9.2% despite inflation 2023.

Statistic 59

Poland equipment rental CAGR 5.8% to 2028.

Statistic 60

Singapore high-rise rentals utilization 82% 2023.

Statistic 61

Global construction equipment rental segment accounted for 62% of total market revenue in 2023.

Statistic 62

Material handling equipment rentals grew by 7.2% YoY in 2023, representing 22% of U.S. market.

Statistic 63

Earthmoving equipment rentals dominated with 35% market share in Europe in 2022.

Statistic 64

Aerial work platforms rental segment saw a 9.1% growth in 2023 globally.

Statistic 65

Power generation equipment rentals comprised 12% of total rentals in North America in 2023.

Statistic 66

Tools and small equipment rentals made up 18% of the market in Asia-Pacific in 2022.

Statistic 67

Concrete equipment rentals increased by 6.5% in the U.S. in 2023.

Statistic 68

Road construction equipment rentals held 15% share in global market in 2023.

Statistic 69

Lifting and material handling segment revenue was $25.6 billion globally in 2022.

Statistic 70

Global aerial equipment rental market size was $12.4 billion in 2022.

Statistic 71

In 2023, excavators accounted for 28% of earthmoving rentals in the U.S.

Statistic 72

Cranes and hoists rentals grew 8.7% in Europe in 2023.

Statistic 73

Scaffolding rental segment revenue hit $4.5 billion globally in 2023.

Statistic 74

Pump and power tool rentals made 9% of total in Asia 2023.

Statistic 75

Trenchers and compact equipment rentals up 11% in North America 2023.

Statistic 76

Lighting and electrical equipment rentals 7% market share in 2023.

Statistic 77

HVAC equipment rentals increased 5.8% YoY in U.S. 2023.

Statistic 78

Dump trucks rentals 18% of heavy equipment segment 2023.

Statistic 79

Generators rentals peaked at 15% share during events 2023.

Statistic 80

Access equipment (lifts) 25% of total rentals Europe 2023.

Statistic 81

Compactors and rollers 10% market in roadworks 2023.

Statistic 82

Surveying equipment rentals up 12% in infrastructure boom.

Statistic 83

Welding equipment rentals $2.3 billion globally 2023.

Statistic 84

Traffic control rentals 8% segment growth 2023.

Statistic 85

Market penetration of rentals in construction is 55% in U.S. in 2023.

Statistic 86

Digital platforms in rentals grew adoption by 28% in 2023.

Statistic 87

Sustainability focus: 40% of fleets electric by 2030 forecast.

Statistic 88

Fleet utilization rates averaged 68% globally in 2023.

Statistic 89

Subscription rental models increased 35% in adoption 2022-2023.

Statistic 90

AI predictive maintenance reduced downtime by 22% in rentals 2023.

Statistic 91

Post-pandemic recovery boosted rentals by 12% in 2023.

Statistic 92

65% of contractors plan to increase rental spending in 2024.

Statistic 93

IoT integration in rental fleets up 45% since 2021.

Statistic 94

Hybrid equipment rentals demand rose 32% in 2023.

Statistic 95

Rental vs buy ratio shifted to 60:40 in construction 2023.

Statistic 96

Blockchain for rental contracts piloted by 15% of firms 2023.

Statistic 97

Labor shortages drove 25% more rentals in 2023.

Statistic 98

VR training for rental equipment adopted by 20% operators 2023.

Statistic 99

Autonomous equipment pilots in 10% rental fleets 2024.

Statistic 100

Carbon-neutral rental commitments by 35% firms by 2030.

Statistic 101

5G-enabled telematics in 28% fleets 2023.

Statistic 102

Micro-rentals via apps up 40% in urban areas 2023.

Statistic 103

Resale value of used rentals rose 15% in 2023.

Statistic 104

Regulatory push for rentals in emissions cut 20%.

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Forget about buying heavy machinery because the equipment rental industry is booming into a $150 billion global powerhouse, fueled by everything from urbanization in Asia-Pacific to Germany's 65% construction equipment rental penetration rate and United Rentals' staggering $14.3 billion in annual revenue.

Key Takeaways

The global equipment rental market size was valued at USD 112.6 billion in 2022 and is projected to grow to USD 149.4 billion by 2030 at a CAGR of 3.7%.
In 2023, the U.S. construction equipment rental market reached $52.4 billion, up 5.2% from 2022.
Europe's equipment rental industry generated €45.2 billion in revenue in 2022, with a forecasted CAGR of 4.1% through 2028.
Global construction equipment rental segment accounted for 62% of total market revenue in 2023.
Material handling equipment rentals grew by 7.2% YoY in 2023, representing 22% of U.S. market.
Earthmoving equipment rentals dominated with 35% market share in Europe in 2022.
The U.S. leads with 42% of North American market share in equipment rentals in 2023.
China’s equipment rental market grew 8.4% in 2023, reaching RMB 450 billion.
Germany's rental penetration rate is 65% for construction equipment in 2023.
United Rentals reported $14.3 billion in revenue for 2023.
Sunbelt Rentals' fleet value exceeded $10 billion in 2023.
Herc Rentals net income rose 15% to $512 million in 2023.
Market penetration of rentals in construction is 55% in U.S. in 2023.
Digital platforms in rentals grew adoption by 28% in 2023.
Sustainability focus: 40% of fleets electric by 2030 forecast.

The global equipment rental industry is steadily growing due to construction and infrastructure demands.

Key Players & Financials

United Rentals reported $14.3 billion in revenue for 2023.
Sunbelt Rentals' fleet value exceeded $10 billion in 2023.
Herc Rentals net income rose 15% to $512 million in 2023.
Ashtead Group (owner of Sunbelt) saw 13% revenue growth to £10.4 billion in FY2023.
H&E Equipment Services fleet size reached 45,000 units in 2023.
BigRentz platform facilitated 1.2 million rentals in 2023.
Ahern Rentals expanded fleet by 20% in 2023 to 25,000 units.
Loxam (France) revenue €3.2 billion in 2023.
Boels Rental (Netherlands) fleet 800,000 units in 2023.
Ramirent Group EBITDA margin 22% in 2023.
Aggreko power rental revenue $2.1 billion in 2023.
EquipmentShare valuation reached $2.8 billion in 2023 funding.
WillScot (mobile rentals) $1.9 billion revenue 2023.
Maxim Crane Works lifted 1.5 million tons in 2023 rentals.
Kleemann (Wirtgen Group) rental partners grew 18% 2023.
BlueLine Rental rebranded, revenue $1.5 billion 2023.
Sarens crane rentals revenue €1.1 billion 2023.
Algeco (modular space) $900 million rental revenue.
Byrne Equipment Rental fleet 30,000+ units 2023.
Vulcan Steel rentals contributed 22% to revenue 2023.

Key Players & Financials Interpretation

In the rental equipment world, the concrete evidence of a global building boom isn't just in the ground—it's in the $14 billion behemoths and the millions of fleet expansions proving that everything from power tools to towering cranes is currently someone else's problem, and business has never been better.

Market Size & Growth

The global equipment rental market size was valued at USD 112.6 billion in 2022 and is projected to grow to USD 149.4 billion by 2030 at a CAGR of 3.7%.
In 2023, the U.S. construction equipment rental market reached $52.4 billion, up 5.2% from 2022.
Europe's equipment rental industry generated €45.2 billion in revenue in 2022, with a forecasted CAGR of 4.1% through 2028.
The Asia-Pacific rental equipment market is expected to grow at the highest CAGR of 5.8% from 2023 to 2030, driven by urbanization.
North American equipment rental market share was 38% of global in 2023, valued at $45.7 billion.
Global equipment rental market size was valued at USD 115.8 billion in 2023.
The U.S. equipment rental market is expected to grow at a CAGR of 4.5% from 2024-2030.
Latin America equipment rental market reached $8.9 billion in 2023.
The market for general tool and equipment rental in the U.S. was $7.2 billion in 2023.
Construction equipment rental market in India valued at $2.1 billion in FY2023.
Global market CAGR forecasted at 5.2% 2024-2032.
Video surveillance equipment rentals $1.2 billion in 2023.
Canada equipment rental market $6.7 billion CAD in 2023.
Middle East construction rental $4.1 billion in 2023.
Africa equipment rental growth 7.5% CAGR to 2030.

Market Size & Growth Interpretation

While everyone else is buying the farm, the rental industry is shrewdly leasing the tractor, steadily building a nearly $150 billion empire on the profound wisdom of "why own when you can rent?"

Regional Insights

The U.S. leads with 42% of North American market share in equipment rentals in 2023.
China’s equipment rental market grew 8.4% in 2023, reaching RMB 450 billion.
Germany's rental penetration rate is 65% for construction equipment in 2023.
India's equipment rental market is projected to reach $5.2 billion by 2025.
Middle East & Africa rental market CAGR is 4.9% from 2023-2030.
Latin America's rental market grew 6.1% in Brazil in 2023.
UK equipment rental industry revenue hit £12.5 billion in 2023.
Australia's construction equipment rental market share is 25% of total construction spend.
Japan’s rental market for heavy machinery is valued at ¥2.1 trillion in 2023.
Canada’s rental fleet utilization rate averaged 72% in 2023.
France's equipment rental market revenue was €9.8 billion in 2023.
Southeast Asia rental market CAGR projected at 6.2% to 2028.
South Korea's heavy equipment rental market $3.4 billion in 2023.
Mexico construction equipment rentals grew 7.3% in 2023.
South Africa's rental industry fleet utilization 75% in 2023.
Netherlands rental penetration 70% for large equipment in 2023.
Saudi Arabia's Vision 2030 boosted rentals by 14% in 2023.
Russia's equipment rental market $2.8 billion despite sanctions 2023.
Italy rental market €5.6 billion in 2023.
UAE equipment rentals $1.8 billion driven by Expo legacy.
Indonesia construction rentals $1.2 billion in 2023.
Spain's rental revenue €4.2 billion 2023.
Turkey market growth 9.2% despite inflation 2023.
Poland equipment rental CAGR 5.8% to 2028.
Singapore high-rise rentals utilization 82% 2023.

Regional Insights Interpretation

The U.S. flexes its market dominance, Germany and the Netherlands show how deeply rental culture is ingrained, and while emerging markets like India and China surge ahead, every region proves that in today's economy, the shrewd move is to rent the iron, not own it.

Segment Breakdown

Global construction equipment rental segment accounted for 62% of total market revenue in 2023.
Material handling equipment rentals grew by 7.2% YoY in 2023, representing 22% of U.S. market.
Earthmoving equipment rentals dominated with 35% market share in Europe in 2022.
Aerial work platforms rental segment saw a 9.1% growth in 2023 globally.
Power generation equipment rentals comprised 12% of total rentals in North America in 2023.
Tools and small equipment rentals made up 18% of the market in Asia-Pacific in 2022.
Concrete equipment rentals increased by 6.5% in the U.S. in 2023.
Road construction equipment rentals held 15% share in global market in 2023.
Lifting and material handling segment revenue was $25.6 billion globally in 2022.
Global aerial equipment rental market size was $12.4 billion in 2022.
In 2023, excavators accounted for 28% of earthmoving rentals in the U.S.
Cranes and hoists rentals grew 8.7% in Europe in 2023.
Scaffolding rental segment revenue hit $4.5 billion globally in 2023.
Pump and power tool rentals made 9% of total in Asia 2023.
Trenchers and compact equipment rentals up 11% in North America 2023.
Lighting and electrical equipment rentals 7% market share in 2023.
HVAC equipment rentals increased 5.8% YoY in U.S. 2023.
Dump trucks rentals 18% of heavy equipment segment 2023.
Generators rentals peaked at 15% share during events 2023.
Access equipment (lifts) 25% of total rentals Europe 2023.
Compactors and rollers 10% market in roadworks 2023.
Surveying equipment rentals up 12% in infrastructure boom.
Welding equipment rentals $2.3 billion globally 2023.
Traffic control rentals 8% segment growth 2023.

Segment Breakdown Interpretation

If the global construction equipment rental market were a circus, then the earthmoving segment would be the dominating strongman, aerial platforms the acrobats soaring in growth, and North America keeping the lights on with power generators, all while everyone else hustles with their specialized tools, proving that in this high-stakes industry, nobody truly owns the stage—they just rent it.

Trends & Future Outlook

Market penetration of rentals in construction is 55% in U.S. in 2023.
Digital platforms in rentals grew adoption by 28% in 2023.
Sustainability focus: 40% of fleets electric by 2030 forecast.
Fleet utilization rates averaged 68% globally in 2023.
Subscription rental models increased 35% in adoption 2022-2023.
AI predictive maintenance reduced downtime by 22% in rentals 2023.
Post-pandemic recovery boosted rentals by 12% in 2023.
65% of contractors plan to increase rental spending in 2024.
IoT integration in rental fleets up 45% since 2021.
Hybrid equipment rentals demand rose 32% in 2023.
Rental vs buy ratio shifted to 60:40 in construction 2023.
Blockchain for rental contracts piloted by 15% of firms 2023.
Labor shortages drove 25% more rentals in 2023.
VR training for rental equipment adopted by 20% operators 2023.
Autonomous equipment pilots in 10% rental fleets 2024.
Carbon-neutral rental commitments by 35% firms by 2030.
5G-enabled telematics in 28% fleets 2023.
Micro-rentals via apps up 40% in urban areas 2023.
Resale value of used rentals rose 15% in 2023.
Regulatory push for rentals in emissions cut 20%.

Trends & Future Outlook Interpretation

With a majority of builders now preferring to rent rather than own, the industry is cleverly meeting post-pandemic and labor challenges by rapidly embracing digital tools, sustainability, and flexible models—proving that smarter, greener, and more connected equipment is not just the future, but a thriving present.