Construction Equipment Rental Market Share
Segmentation Analysis:
Insights by Product
The material handling and cranes segment accounted for the USD 15.75 Billion in 2023. Due to the expansion of the e-commerce, warehousing, and logistics sectors, there was an increase in the need for material-handling equipment, such as forklifts, telehandlers, and conveyor systems. For construction projects, cranes—including mobile cranes, tower cranes, and crawler cranes—were in high demand, particularly in crowded urban areas. Cranes and material handling machinery have uses outside of building. They are employed in logistics, shipping, mining, manufacturing, and other fields, which helps to explain their expansion and adaptability in the rental market. Both international and local rental companies provided a variety of tools and services in the competitive material handling and crane industries.
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Competitive Landscape:
Major players in the market
- Boels Rentals
- H&E Equipment Services Inc.
- Herc Rentals Inc.
- Kanamoto Co., Ltd.
- NESCO Holdings, Inc.
- Maxim Crane Works, L.P.
- Mtandt Group
- Ramirent AB
- Sarens n.v./s.a.
- United Rentals, Inc.
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