Machinery Leasing Market Report 2026

The machinery leasing market size has grown strongly in recent years. It will grow from $530.31 billion in 2025 to $574.01 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to rising industrial equipment costs, increasing infrastructure development activity, growing business capital constraints, expansion of construction activities, rising preference for asset flexibility.

The machinery leasing market size is expected to see strong growth in the next few years. It will grow to $796.46 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing demand for modern machinery access, rising adoption of leasing for business expansion, growing preference for financial efficiency, expanding industrial modernization, rising reliance on equipment leasing services. Major trends in the forecast period include increasing demand for cost efficient machinery access, growing preference for leasing over ownership, rising adoption of advanced industrial and construction equipment leasing, expanding use of flexible leasing contracts, increasing emphasis on operational capital optimization.

The increase in construction and mining activity is expected to propel the growth of the machinery leasing market going forward. Construction activities refer to the construction of large industrial structures such as buildings, railways, houses, power plants, and others whereas mining refers to the process of extracting useful substances from the earth. Renting machinery helps to reduce operational and financial risks by reducing the cost of new equipment purchase, and maintenance costs. For instance, in July 2024, according to the US Census Bureau, a US-based government agency, the value of construction operations rose from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Furthermore, in May 2024, according to the Australian Bureau of Statistics, an Australia-based national statistical agency, in Australia the mining industry grew to 220 in 2023, an increase from 202 in 2022. Therefore, the increase in construction and mining activity is driving the growth of the machinery leasing market going forward.

Major companies in the machinery leasing market are focusing on implementing advanced solutions, such as next-generation equipment finance platforms, to replace traditional, less efficient leasing management systems. A next-generation platform is a modern, cloud-based technology that streamlines operations by enhancing automation, scalability, and supporting flexible, sustainable financing models. For instance, in January 2024, Alfa Financial Software Holdings PLC, a UK-based equipment finance software provider, launched Alfa Systems 6, a fully cloud-native SaaS platform designed to set new benchmarks in equipment finance technology. This platform replaces legacy systems by offering end-to-end capabilities for originations, servicing, lifecycle management, and sustainability tracking through a unified digital interface. It provides real-time operational visibility, supports usage-based and subscription financing models, and enhances workflow automation to help finance companies manage assets more efficiently. Integrated with advanced analytics and modern API frameworks, it enables seamless data connectivity, improves decision-making, and accelerates digital transformation across machinery leasing operations.

In May 2023, I Squared Capital, a US-based infrastructure investment company, acquired Rentco for an undisclosed amount. With this acquisition, I Squared Capital aims to expand its footprint in the Australian transport and logistics sector while leveraging Rentco’s platform to pursue new trailer leasing opportunities and support sustainable transportation solutions. Rentco is an Australia-based transport equipment leasing company that provides flexible short-, medium-, and long-term rental solutions for heavy-duty transport equipment, serving a diverse clientele across groceries, durable goods, agriculture, and mining.

Major companies operating in the machinery leasing market report are United Rentals Inc., Tokyo Century, Ashtead Group Plc, Fuyo General Lease Co., Ltd., Aercap Holdings N.V., Air Lease Corporation, BOC Aviation, Kanamoto Co., Ltd., Aktio Corporation, Nikken Corporation, Asia Machinery Solutions Vietnam Co. Ltd., Infra Bazaar Private Limited, Sanghvi Movers, Jindal Infrastructure Pvt. Ltd., Finlease, Liebherr Construction Machinery Rental, Battlefield Equipment Rentals, Ahern Rentals, Oak Leasing, Deutsche Leasing Vostok JSC, VTB Leasing, Business Lease Group, KAMAZ Leasing Company.

Asia-Pacific was the largest region in the machinery leasing market in 2025. North America was the second-largest region in the machinery leasing market. The regions covered in the machinery leasing market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machinery leasing market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, 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.

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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