How big is the Europe Construction Machinery Rental Market?

The Europe Construction Machinery Rental Market size is expected to reach USD 33.60 billion in 2024 and grow at a CAGR of 5.15% to reach USD 43.19 billion by 2029. Read More

What is the current Europe Construction Machinery Rental Market size?

In 2024, the Europe Construction Machinery Rental Market size is expected to reach USD 33.60 billion. Read More

Who are the key players in Europe Construction Machinery Rental Market?

Caterpillar Inc, LOXAM SAS, Kiloutou Group, Ahern Rentals (United Rentals) and Liebherr Group are the major companies operating in the Europe Construction Machinery Rental Market. Read More

What years does this Europe Construction Machinery Rental Market cover, and what was the market size in 2023?

In 2023, the Europe Construction Machinery Rental Market size was estimated at USD 31.87 billion. The report covers the Europe Construction Machinery Rental Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Construction Machinery Rental Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Construction Machinery Rental Market

Europe Construction Machinery Rental Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Europe’s Construction Machinery Rental Market. It is Segmented by Machinery Type (Cranes, Telescopic Handlers, Excavators, Loaders, Motor Graders, Road Construction Equipment, and Other Machinery Types), Drive Type (Hydraulic and Hybrid), Application (Building Construction, Road Construction, and Other Applications), and Geography (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Europe Construction Machinery Rental Industry Overview

The European construction rental machinery market is dominated by several key players, including Caterpillar, Kobelco Construction Machinery, Deere & Company, Komatsu Ltd, Volvo Group, Doosan Infracore, and XCMG. The rapid expansion of construction machinery rental services across the region and the increasing acquisitions between key players are expected to boost the market’s growth during the forecast period.

In June 2023, Boels Rental disclosed that it spent EUR 551 million last year to expand and diversify its rental equipment range, now comprising 840,000 items, 81% of which are electric-powered. Much of the investment went into construction equipment with new battery, electric, and hybrid technologies, helping customers meet evolving government regulations and Net Zero targets by reducing their carbon footprints.
In January 2023, Ardent Hire announced the opening of its new super-hub depot at Chawston, near Bedford. The new facility is on the A1 and offers excellent access to London and the North. With over 6 acres of concreted space, the site includes office and workshop facilities and a new training center that is being built.
In January 2023, John Deere introduced a new dealer business system powered by Microsoft Dynamics 365 to provide a common technology platform for many aspects of a dealer's business, allowing dealers to capitalize on new opportunities for growth, innovation, and customer insights. Both companies will leverage their expertise to deliver this cutting-edge technology. Dynamics 365 applications will seamlessly integrate John Deere dealers' sales, rental, aftermarket, and administrative capabilities to enable higher levels of process automation and decision-making insights.