North America Construction Machinery Leasing Market was valued at USD 10 Billion in 2022 and is projected to reach USD 15 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The North American construction machinery leasing market is experiencing significant growth, driven by various industry requirements and applications. As of 2022, the market was valued at approximately USD 42.64 billion and is projected to reach USD 58.49 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.62%.
Several factors contribute to this upward trend. Firstly, substantial government investments in infrastructure projects have increased the demand for leased construction equipment. For instance, the U.S. government's Bipartisan Infrastructure Law focuses on rebuilding roads, bridges, and ports, while Canada's Investing in Canada Plan allocates over USD 180 billion for public transit, green infrastructure, and social projects over 12 years.
Additionally, the high costs associated with purchasing and maintaining heavy machinery have led many companies to opt for leasing. This approach offers flexibility, reduces upfront capital expenditure, and allows access to the latest technology without the burden of ownership. As one industry professional noted, "Leasing seems to work well. You don't have to put someone on payroll to maintain equipment, and if something breaks, you just get new stuff."
The market's growth is also fueled by the diverse applications of leased machinery across various sectors:
Construction: Earthmoving equipment like excavators and backhoe loaders are essential for residential and commercial projects.
Mining: Specialized machinery is leased for efficient extraction and material handling.
Logistics and Warehousing: Forklifts and telehandlers facilitate the movement and storage of goods.
Road Building: Equipment such as road rollers and asphalt pavers are crucial for infrastructure development.
However, the industry faces challenges, including supply chain disruptions leading to equipment shortages and increased prices. The scarcity of semiconductor chips, vital for modern machinery, has exacerbated these issues, with some equipment prices rising by up to 30%.
In response to environmental concerns and stringent emission regulations, there's a growing shift towards eco-friendly machinery. Rental companies are expanding their fleets to include electric and hybrid equipment, aligning with North America sustainability goals and catering to environmentally conscious clients.
In conclusion, the North American construction machinery leasing market is poised for continued growth, driven by infrastructure investments, cost considerations, and a commitment to sustainability. This dynamic landscape offers numerous opportunities for businesses to leverage leased equipment across various industries.
North America Construction Machinery Leasing Market
Get an In-Depth Research Analysis of the North America Construction Machinery Leasing Market Size And Forecast [2025-2032]
United Rentals
Ashtead Group
Aktio Corp
Kanamoto
Hertz Equipment Rental
Loxam Group
Blueline Rent
Ahern Rentals
Nishio Rent
Aggreko
Maxim Crane Works
SCMC
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 North America Construction Machinery Leasing Market
Commercial
Individual
Based on Types the Market is categorized into Below types that held the largest Construction Machinery Leasing market share In 2023.
Earth Moving Equipment
Material Handling and Cranes
Concrete Equipment
Road Building Equipment
North America (United States, North America 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 North America Construction Machinery Leasing 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. North America Construction Machinery Leasing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Construction Machinery Leasing Market, By Type
6. North America Construction Machinery Leasing Market, By Application
7. North America Construction Machinery Leasing Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Construction Machinery Leasing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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