Construction equipment rental market seen topping $142B by 2030

The global construction equipment rental market is forecast to exceed $142 billion in 2030, growing at a 5% CAGR, according to The Business Research Company. Asia-Pacific is projected to be the largest regional market, while the U.S. is expected to be the biggest country market and earthmoving equipment the largest segment.

Why it matters: - The construction equipment rental market is expected to reach more than $142 billion by 2030. - The market would account for nearly 1% of the broader services industry, which is projected at $25,315 billion in 2030. - Rental demand is tied to infrastructure spending, contractor cost pressures and the shift to lower-emission equipment.

What happened: - The Business Research Company released its Construction Equipment Rental Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035. - The report forecasts 5% annual growth for the global construction equipment rental market through 2030. - The report puts Asia-Pacific as the largest region in 2030, at $49 billion. - The report says the U.S. will be the largest country market in 2030, at $42 billion. - The report identifies earthmoving as the largest equipment segment, with 55% of the market or $78 billion in 2030.

The details: - Asia-Pacific is expected to grow from $38 billion in 2025 to $49 billion in 2030. - Growth in Asia-Pacific is linked to urbanization, infrastructure expansion, smart city and transportation spending, and wider use of rental equipment to cut capital spending. - The U.S. market is projected to rise from $32 billion in 2025 to $42 billion in 2030. - U.S. growth is tied to highway and infrastructure modernization, labor shortages, fleet replacement and residential and commercial construction investment. - The market is segmented by equipment into earthmoving, material handling, road building and concrete equipment. - The market is segmented by product into backhoes, excavators, loaders, crawler dozers, cranes, concrete pumps, compactors, transit mixers and concrete mixers. - The market is segmented by application into residential, commercial and industrial. - Earthmoving demand is supported by excavation, site preparation, land clearing, grading, mining, renewable energy and utility construction. - The report says telematics and automation are improving productivity and operational efficiency in earthmoving fleets. - The report says the most significant growth opportunities are in earthmoving, material handling, and road building and concrete equipment. - Those three segments are projected to add more than $33 billion in market value by 2030. - The earthmoving market is projected to grow by $18 billion from 2025 to 2030. - The material handling market is projected to grow by $9 billion over the same period. - The road building and concrete equipment market is projected to grow by $6 billion over the same period.

Between the lines: - The report points to a broader contractor shift from owning fleets to renting equipment to reduce upfront costs and maintenance burdens. - Infrastructure megaprojects remain the clearest demand driver because they require heavy equipment at scale and for short project windows. - ESG targets are pushing more rental buyers toward electric and low-emission machines, which could favor providers that can stock newer fleets. - The report estimates infrastructure stimulus megaproject pipelines could contribute about 2.4% annual growth. - The shift from capex to opex is projected to contribute about 2.3% annual growth. - ESG-driven electric rentals are projected to contribute about 2.0% annual growth.

What's next: - The report expects governments to keep funding highways, rail corridors, airports, smart cities, energy facilities and public infrastructure upgrades. - Rental providers are expected to keep expanding fleet availability to support that work. - The market is likely to see continued demand for battery-powered and low-emission equipment as emissions rules tighten and sustainability goals expand. - The Business Research Company says its 2026 reports include market attractiveness scoring, TAM analysis, company scoring matrix graphics, Excel-based forecasting dashboards, market hotspot infographics and updated trend analysis.

The bottom line: - Construction equipment rental is moving into a steady growth phase, powered by infrastructure spending, contractor flexibility and cleaner equipment demand.