Heavy Construction Machinery Rental Market Report 2026

The heavy construction machinery rental market size has grown strongly in recent years. It will grow from $67.31 billion in 2025 to $72.08 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rising cost of heavy construction machinery, early expansion of rental service networks, increasing infrastructure development globally, growing need to reduce capital expenditure, expansion of industrial construction projects.

The heavy construction machinery rental market size is expected to see strong growth in the next few years. It will grow to $95.79 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increasing urban development initiatives, rising demand for large project execution efficiency, growing investments in infrastructure modernization, strengthening preference for operational flexibility, expanding adoption of rental based construction solutions. Major trends in the forecast period include increasing preference for renting over new equipment purchase, growing adoption of flexible machinery rental models, rising demand for specialized construction equipment availability, increasing focus on cost efficient project execution, growing expansion of large scale infrastructure development support.

The increase in construction and mining activity is expected to propel the growth of the heavy construction machinery rental market going forward. Construction activities involve the development of large-scale infrastructure such as buildings, railways, housing projects, and power plants, while mining refers to the extraction of valuable minerals and resources from the earth. In both construction and mining operations, renting heavy construction machinery helps companies reduce operational and financial risks by lowering upfront capital expenditure and avoiding long-term maintenance costs. As a result, rising construction and mining activities directly increase demand for rented heavy equipment. For instance, in May 2024, according to the Office for National Statistics, a UK-based government department, total construction new orders rose by 15.9% to $1.86 trillion (£1,436 million) in the first quarter of 2024 compared with the fourth quarter of 2023. Additionally, in January 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, the mining industry expanded for the fourth consecutive month in November, increasing by 4.9% from October 2023 to November 2023. Therefore, the rise in construction and mining activity is driving the growth of the heavy construction machinery rental market.

Major companies operating in the heavy construction machinery rental market are focusing on developing innovative solutions, such as digital marketplaces for crane and lifting equipment, to meet growing demand for cost-efficient and globally accessible machinery. Digital marketplaces are online platforms that directly connect buyers and sellers, offering features such as verified equipment documentation, inspection reports, advanced filtering by age and condition, and integrated logistics and financing support. These platforms improve transparency and efficiency compared with traditional broker-based or localized sales channels. For instance, in November 2024, MYCRANE, a UAE-based online crane rental platform, launched the MYCRANE Marketplace, a global equipment trading platform that enables users to buy and sell new and used lifting machinery worldwide without subscription fees. The marketplace includes mobile, crawler, tower, and specialty cranes, as well as aerial work platforms, and provides integrated services such as transportation, insurance, and leasing. By offering verified documentation, inspection reports, and advanced search tools, the platform reduces transaction costs and expands market reach for buyers and sellers alike.

In February 2023, Cooper Equipment Rentals Limited, a Canada-based construction equipment rental company, acquired Hub Equipment, a Canadian provider of specialized heavy equipment. This strategic acquisition aligns with Cooper Equipment Rentals' goal of being the sole Canadian-owned, nationwide rental company, in line with the company's growth strategy.

Major companies operating in the heavy construction machinery rental market report are Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery, Volvo Construction Equipment, Hyundai Construction Equipment, Doosan Infracore, Liebherr Group, XCMG Group, SANY Group, Zoomlion Heavy Industry Science and Technology, JCB, Terex Corporation, CNH Industrial, Kubota Corporation, Sandvik AB, Epiroc AB, Metso Outotec, Tata Hitachi Construction Machinery, CASE Construction Equipment, Bell Equipment.

North America was the largest region in the heavy construction machinery rental market in 2025. The regions covered in the heavy construction machinery rental market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the heavy construction machinery rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The heavy construction machinery rental market includes revenues earned by entities by providing bulldozers for rent, drilling machinery leasing, and crane hire services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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