Machinery Leasing Market Report 2025

The machinery leasing market size has grown strongly in recent years. It will grow from $485.93 billion in 2024 to $530.43 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to strong economic growth, growth in the manufacturing industry, growing demand from the automobile industry and growing demand from the increasing construction activities.

The machinery leasing market size is expected to see strong growth in the next few years. It will grow to $731.91 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rising healthcare expenditure, rising demand from agricultural industry, increasing number of drilling activities. Major trends in the forecast period include strategic partnerships and collaborations, introduction of innovative products, introducing digitization platforms, artificial intelligence and machine learning for improving the efficiency and productivity of the machinery, and focus on offering EVs as the go-to option for environmentally conscious consumers who want to reduce their carbon footprint.

The growth of the machinery leasing market is anticipated to be driven by the increasing reliance of start-ups on leasing service providers. Start-ups, often constrained by budget limitations, find it challenging to make substantial upfront investments in expensive machinery. Opting for leasing services allows them to access the required machinery without the financial burden of ownership. This cost-effective approach is particularly appealing to start-ups aiming to allocate capital strategically for essential expenses such as research and development or marketing. For example, in 2022, the US witnessed a surge in start-ups, reaching 33.2 million, a notable increase of 700,000 compared to 2021, according to Fortunly, a US-based news magazine.

Economic constraints and trends in equipment leasing are anticipated to hinder the growth of the local general freight trucking market. Rising operational costs, including salaries and technology investments, have put pressure on profit margins for many law firms. For example, in September 2024, Noreast Capital Corporation, a US-based non-profit organization, reported that U.S. businesses lease over $4 billion in heavy equipment each year, demonstrating the widespread use and benefits of this practice. This significant amount highlights the critical role of equipment leasing across different industries.

The anticipated growth in construction and mining activities is expected to boost the machinery leasing market in the coming years. Construction activities encompass the building of large industrial structures, including buildings, railways, homes, power plants, and more, while mining involves extracting valuable resources from the earth. Leasing machinery can mitigate operational and financial risks by lowering the costs associated with purchasing new equipment and maintenance expenses. For example, in July 2024, the US Census Bureau, a government agency in the US, reported that the value of construction activities increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Additionally, in May 2024, the Australian Bureau of Statistics, a national statistical agency in Australia, noted that the mining industry grew to 220 in 2023, up from 202 in 2022. Thus, the rise in construction and mining activities is driving the growth of the machinery leasing market moving forward.

Innovation in technological solutions is a key strategy employed by major companies in the machinery leasing market to enhance profitability. One such innovation is the introduction of ASPIRE Express, a cost-effective, entry-level servicing system facilitating rapid booking and servicing of lease and loan contracts. LTi Technology Solutions, a US-based provider of lease, loan, and asset finance software solutions, launched ASPIRE Express in March 2022. This software-as-a-service (SaaS) solution offers companies a straightforward and economical means to efficiently handle lease and loan contracts, ensuring a simplified equipment leasing and financing process. ASPIRE Express comes with low entry costs and no restrictions on the number of contracts that can be executed.

Major companies operating in the machinery leasing market include United Rentals Inc., Tokyo Century, Ashtead Group Plc, Fuyo General Lease Co., Ltd., Berkshire Hathaway Inc., Aercap Holdings N.V., Rent-A-Center Inc., Air Lease Corporation, BOC Aviation, Kanamoto Co., Ltd., Aktio Corporation, Nikken Corporation, Asia Machinery Solutions Vietnam Co. Ltd, Mahindra & Mahindra Limited, Infra Bazaar Private Limited, The Alta Group, Shandong Heavy Industry Group Co., Ltd, Lengshuijianghuiying Building Machinery Leasing Co., Ltd, Sanghvi Movers, Indiabulls, Jindal Infrastructure Pvt. Ltd, Finlease, Caterpillar Inc, Kobelco Construction Machinery Co. Ltd, Deere & Co, Komatsu Ltd, Volvo Group, Doosan Infracore, Liebherr Construction Machinery Rental, Battlefield Equipment Rentals, Ahern Rentals, Enterprise, Oak Leasing, Sixt, Volkswagen Credit, Deutsche Leasing Vostok JSC, VTB Leasing Business Lease Group, KAMAZ Leasing Company, Volvo Finance Service Vostok, ALD Automotive, Interleasing Ltd., VEB-Leasing, Blueline, AIG Commercial Equipment Finance, Hitachi Capital America, TCF Equip, Great America Leasing Corporation, M & I Equipment Finance, People’s Capital & Leasing, Relational Technology Solutions, Bigrentz, One Source Equipment Rentals, Inc., Diy Rentals, Scaffold King Rentals Inc, Allied Equipment Service Corporation, Macallister Rentals, Southside Rental Center Inc, Master Rental Center, Contractors Equipment & Supply, Transportation.Ae, Al Shola Transport Company, Andron Equipment LLC, MHJ Heavy Equipment Trading Co, Al Sahra Heavy Equipment, United Motors & Heavy Equipment, Al Bahar, Heavy Equipment & Construction Equipment, Al Qastal Trading, Al Walid Equipment Rental LLC, Tanzeem Heavy Equipment Rental LLC, Arabian Machinery & Heavy Equipment Co, Arabian Heavy Equipment Leasing Company, Age Corporation WLL, AGG - PRO, Al Darwish United Co WLL, Al Moasawi Trading And Contracting Co, Al Wazeeri Trading Contracting And Transport, Alaa For Industry (AFI) - Qatar, Alam Steel For Heavy Equipment WLL, Askar Industries WLL And Cameron Equipment Africa Ltd, Raubex, Kanu Equipment Africa, Teichmann South Africa (Pty) Ltd, Barloworld South Africa (Pty) Ltd, Manitou Southern Africa (Pty) Ltd, Torre Holdings (Pty) Ltd, Renttech South Africa (Pty) Ltd.

Asia-Pacific was the largest region in the machinery leasing market in 2024. North America was the second-largest region in the machinery leasing market. The regions covered in the machinery leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machinery leasing market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The machinery rental market consists of revenues earned by entities that provide capital or investment-type equipment that clients use in their business operations. These establishments typically cater to a business clientele and do not generally operate a retail-such as or storefront facility. 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.

Machinery leasing is a process that involves obtaining commercial and industrial machinery, vehicles, or other equipment for temporary use, with periodic payments made to the machinery owner as leasing rent. This arrangement allows businesses to make lower monthly payments compared to a loan, offering benefits such as tax advantages, fixed financing rates, conservation of working capital, avoidance of cash-draining down payments, and immediate access to the latest business tools.

The main types of machinery leasing include heavy construction machinery rental, commercial air, rail, and water transportation equipment rental, mining, oil and gas, forestry machinery and equipment rental, office machinery, and equipment rental, as well as other commercial and industrial machinery and equipment rental. Heavy equipment rental refers to a facility where large pieces of machinery or vehicles, typically related to construction, can be stored and retrieved for public use, often featuring additional retail activities. Various modes of leasing, including online and offline, are employed, and different lease types include closed-ended lease, option-to-buy lease, sub-vented lease, and others.

The machinery leasing market research report is one of a series of new reports that provides machinery leasing market statistics, including the machinery leasing industry global market size, regional shares, competitors with a machinery leasing market share, detailed machinery leasing market segments, market trends and opportunities, and any further data you may need to thrive in the machinery leasing industry. This machinery leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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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