North America Crane Rental Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Crane Rental Industry Overview

The North America crane rental market is moderately fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the North American crane rental market are United Rentals, Inc., Maxim Crane Works, L.P. Lampson International LLC., and Caterpillar Inc. Companies are adding many new cranes into their existing fleet to broaden their portfolio and widen their presence in different application segments. While some players are performing collaboration with crane manufacturers for adding latest crane in their fleet. For instance,

• In March 2020, All Erection & Crane Rental Corp. has added LTM 1750-9.1 a 900-ton, 9-axle, 18-wheel AT crane mobile crane, now comes with load capacity tables from refined static calculation methods. These tables will increase lifting capacity values in the entire operating range. The company will upgrade the software on their old 1750-9.1 with the new tables to maximize the capacity for that machine also.
• In April 2020, ALL Crane launched its Shared Equipment Program (SEP), an innovative approach for equipment rental that was crafted to save operating costs and valuable time of construction projects. According to this program, any project's general contractor will be the primary renter of all the equipment for the project and then they will rent it to the subcontractors. In addition to that company will provide support which will include mechanics for conducting regular maintenance to keep machines in ready condition for transferring to other subcontractors.