HVAC Equipment Rental Market size was valued at USD 5.2 Billion in 2024 and is projected to reach USD 8.9 Billion by 2033, exhibiting a CAGR of 6.3% from 2026 to 2033.
The global HVAC equipment rental market was valued at approximately USD 7.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The market growth is driven by the increasing demand for temporary cooling and heating solutions across various industries, including construction, healthcare, and events management. The market is segmented based on type of equipment, including heating, ventilation, and air conditioning systems, with rental services growing due to their cost effectiveness and flexibility. As of 2022, North America accounted for a substantial share of the HVAC rental market, driven by high demand in both residential and commercial sectors for rental services in regions with extreme weather conditions.
Regionally, North America held the largest market share in 2022, followed by Europe and Asia Pacific. North America’s dominance is attributed to the growing trend of renting HVAC systems in industrial and commercial spaces, especially in the United States. Europe, on the other hand, is experiencing increased demand for energy efficient and environmentally friendly HVAC rental solutions, boosting the market size in this region. In Asia Pacific, emerging economies like China and India are expected to drive substantial growth, with a CAGR of 6.2% during the forecast period. The demand for HVAC rentals in this region is spurred by rapid urbanization and the need for temporary solutions during peak weather conditions. The global HVAC equipment rental market presents several opportunities for expansion, especially in emerging markets where construction and industrial activities are on the rise.
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Aggreko
Air on Location Inc.
Alliance Comfort Systems
Ashtead Group
Axis Portable Air
Brandt
Carrier Rentals
Caterpillar Inc.
GAL Power Systems
Herc Rentals Inc
MacAllister Rentals
Reliance Comfort Ltd
Sunbelt Rentals
Taylor Rental
The Cat Rental Store
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global HVAC Equipment Rental Market
Heating Equipment
Cooling Equipment
Ventilation Equipment
Residential
Commercial
Industrial
Short-Term Rental
Long-Term Rental
Construction
Events & Temporary Installations
Facility Management
Owned Equipment Rental
Third-Party Equipment Rental
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global HVAC Equipment Rental Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global HVAC Equipment Rental Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global HVAC Equipment Rental Market, By Type
6. Global HVAC Equipment Rental Market, By Application
7. Global HVAC Equipment Rental Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global HVAC Equipment Rental Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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