Construction Machinery Leasing Market was valued at USD 100 Billion in 2022 and is projected to reach USD 150 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
Looking ahead, the construction machinery leasing market is expected to witness even more substantial growth from 2023 to 2033. The rise in demand for eco-friendly, sustainable equipment, such as electric-powered machinery and low-emission models, is expected to shape the market over the next decade. Countries such as China and India are projected to remain significant contributors to this growth due to their massive infrastructure projects and growing urbanization trends. In these regions, leasing allows businesses to keep up with the demand for new, specialized machinery without the long-term financial commitment of purchasing equipment outright. Additionally, technological advancements like machine learning, IoT (Internet of Things), and AI-driven fleet management will revolutionize how construction companies lease and manage equipment, further boosting the market.
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The construction machinery leasing market has undergone significant shifts between 2018 and 2022, driven by increasing demand for infrastructure projects, rising construction activities, and the growing need for cost-effective solutions in the construction industry. Throughout this period, there was a surge in demand for leased construction equipment as companies aimed to minimize capital investment, reduce operational costs, and streamline project timelines. In 2022, the market reached new heights, driven by a surge in demand for specialized equipment such as cranes, excavators, and backhoes, especially in developing countries where infrastructure development is a key focus. Additionally, the rapid growth of residential and commercial construction projects further propelled the demand for leased machinery. According to industry reports, the market size for construction machinery leasing grew at a compounded annual growth rate (CAGR) of around 6% between 2018 and 2022, showcasing its rising popularity in various regions across the globe.
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 Global 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
Global (United States, Global 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 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. Global Construction Machinery Leasing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Construction Machinery Leasing Market, By Type
6. Global Construction Machinery Leasing Market, By Application
7. Global Construction Machinery Leasing Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Construction Machinery Leasing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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