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

The report covers Europe Construction Machinery Rental Market Growth and it is segmented by Machinery Type (Crane, Telescopic Handlers, Excavator, Loader, Motor Grader, Road Construction Equipment, and Other Equipment), Drive Type (Hydraulic, and Hybrid), Application (Building Construction, Road Construction, and Others), Geography (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe). The report offers market size and forecasts for Europe Construction Machinery Rental Market in value (USD Million) for all the above segments.

Europe Construction Machinery Rental Market Size

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Europe Construction Machinery Rental Market_Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 33.60 Billion
Market Size (2029) USD 43.19 Billion
CAGR (2024 - 2029) 5.15 %
Market Concentration Low

Major Players

Europe Construction Machinery Rental Market

*Disclaimer: Major Players sorted in no particular order

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Europe Construction Machinery Rental Market Analysis

The Europe Construction Machinery Rental Market size is estimated at USD 33.60 billion in 2024, and is expected to reach USD 43.19 billion by 2029, growing at a CAGR of 5.15% during the forecast period (2024-2029).

The rapid spread of COVID-19 hurt the European construction equipment rental industry, causing massive economic disruption and strict lockdowns across the continent in the first two quarters of 2020. The pandemic also hurt ongoing construction projects, resulting in a drop in rental equipment demand. However, the construction industry will be supported over the forecast period by a shift in construction businesses' inclination toward renting equipment to lower operational costs, and the ongoing recovery of Europe's construction industry is expected to drive the target market positively in the coming years.

Over the long term, the market demand is fuelled by the constant demand for new infrastructure, increased business in the construction and real estate sectors, and the rapid construction of substantial road infrastructure and smart cities in Europe. The expansion of the industry is also aided by government and construction company initiatives aimed at infrastructural development.

The expansion of the European construction market can be attributed to rising demand for housing in urban areas, increased infrastructure development activities, and increased modernization and renovation of buildings to improve their energy efficiency. With the region's robust economic growth, commercial infrastructure construction, such as offices, schools, hotels, restaurants, and leisure facilities, is on the rise.

Additionally, the introduction of various favorable initiatives and investments by governments to improve housing infrastructure and provide housing for the vulnerable section is supporting the growth of the European construction machinery rental market. For Infrastructure, the Dutch government announced a EUR 253 million investment in December 2021 to build 44,277 new houses, 64% of which would be affordable housing.

To address major issues such as traffic congestion, population growth, high manufacturing costs, and aging transportation infrastructure, developing economies are investing heavily in infrastructure development. To improve their current infrastructure, developed economies are investing in technologies such as earthquake-proof buildings, hyperloop, and so on. These factors are driving up sales in the construction machinery rental market.

Europe Construction Machinery Rental Market Trends

Growing Construction Industry drives the market

The expansion of the European construction market can be attributed to rising demand for housing in urban areas, increased infrastructure development activities, and increased modernization and renovation of buildings to improve their energy efficiency. With the region's robust economic growth, commercial infrastructure construction, such as offices, schools, hotels, restaurants, and leisure facilities, is on the rise.

Additionally, the introduction of various favorable initiatives and investments by governments to improve housing infrastructure and provide housing for the vulnerable section is supporting the growth of the European construction machinery rental market. For Infrastructure, the Dutch government announced a EUR 253 million investment in December 2021 to build 44,277 new houses, 64% of which would be affordable housing.

To address major issues such as traffic congestion, population growth, high manufacturing costs, and aging transportation infrastructure, developing economies are investing heavily in infrastructure development. To improve their current infrastructure, developed economies are investing in technologies such as earthquake-proof buildings, hyperloop, and so on. These factors are driving up sales in the construction machinery rental market.

Rising technological advancements and digitalization in construction equipment are anticipated to offer enormous growth in the construction equipment market during the forecast period. Moreover, growing product launches and innovations to further enhance the adoption of small skid steer loaders during the forecast period.

Construction-equipment manufacturers are under pressure to choose electric and hybrid vehicles over traditional hydraulic and mechanical vehicles due to the demand for cost-effective machines combined with regulatory pressures for lower emissions. As a result, the electrification of construction equipment is gaining momentum. For instance,

  • In June 2021, Ashtead Group PLC will enter into a global rental partnership with Switzerland-based Hydromea, the innovative subsea wireless access provider. Ashtead will actively promote and use Hydromea's LUMA high-speed through-water wireless optical modems as an integral part of its AMS+ and DMS (Autonomous & Deflection Monitoring Systems) for the global subsea construction market under the terms of the agreement.

Based on the aforementioned factor, construction activities market growth is expected to continue during the forecast period.

Europe Construction Machinery Rental Market_Key Market Trend1

Germany Holds the Largest Market Share

Construction rental machinery is a growing market in Germany attributed to the increasing need for advanced equipment, technological advancements, and the rise in construction activities in the country. Bulldozers, excavators, and cranes are among the utmost in-demand heavy machinery in Germany. Construction companies are meeting their objectives at a low cost while avoiding the high expense of outright acquiring equipment by renting construction equipment.

The demand for rental construction machinery is primarily driven by the growth of the construction industry. An increase in government investment in infrastructure projects is intended to spur economic growth and generate opportunities, which is anticipated to be favorable to the German construction industry. Additionally, the rise in urbanization and the nation's expanding population will raise the demand for rental construction equipment in the country.

The COVID-19 pandemic had a significant impact on the construction industry in Germany, with many construction projects being delayed or canceled. However, the industry has shown resilience, and construction activity has gradually picked up as the economy reopens. It is expected that there will be a high demand for construction equipment rentals on the back of infrastructure development projects in the country over the coming years. For instance,

  • In July 2022, European Investment Bank (EIB) as part of a consortium of more than 20 international banks announced to finance of the first-ever energy link connecting Germany and the United Kingdom. This interconnector will cost 2.8 billion Euros (USD 3 billion) to build, of which 400 million Euros (USD 428.34 million) will be provided by the EIB to finance the European portion. The interconnector will contribute to the integration of high proportions of intermittent renewables across the North Sea and facilitate electricity trading between the European Union and the United Kingdom. Commercial operations of the interconnector are anticipated to begin in 2028.

In the coming years, it is presumed that the demand for construction equipment rentals would stay in growth. The need for affordable solutions to address equipment requirements, rising government spending on infrastructure projects, and the expansion of the construction industry are expected to contribute to the growth curve of the German construction machinery rental market during the assessment

Europe Construction Machinery Rental Market_Key Market Trend2

Europe Construction Machinery Rental Industry Overview

The Europe Construction Rental Machinery market is dominated by several key players such as 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 increase in acquisition between the key players is likely to witness major growth for the market during the forecast period.

  • In November 2022, John Deere announced its first offering of wheel loaders in the United Kingdom and Germany at Bauma 2022. The 744 P-tier and 824 P-tier models are the first performance-tiered loaders available in select European countries. The Wirtgen Group will manage the distribution of the P-Tier line-up through their European dealer network as part of the Deere and Company family of brands.
  • In December 2022, The Loxam Group announces the acquisition of HR - ALUGUER DE EQUIPAMENTOS S.A. ('HR') a leading general equipment rental player in Portugal to strengthen its presence in Portugal.
  • In August 2022, Ardent Hire announces the launch of a New Delivery Tracker. Ardent'snew delivery tracker provides unprecedented transparency on equipment deliveries, real-time ETAs, details of the equipment being delivered, delivery vehicle details, and driver information.
  • In July 2022, The Loxam Group announced the acquisition of SofranelSAS (Sofranel) and Société Cominoise de Location SAS (SCL) to strengthen its presence in the North of France.

Europe Construction Machinery Rental Market Leaders

  1. Caterpillar Inc

  2. LOXAM SAS

  3. Kiloutou Group

  4. Ahern Rentals (United Rentals)

  5. Liebherr Group

*Disclaimer: Major Players sorted in no particular order

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Europe Construction Machinery Rental Market News

  • 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.
  • In January 2023, Komatsu Europe released a new interface for wheeled loader operators to use when interacting with the machine's assist systems. According to the company, its SubMonitorproduct was developed in response to customer requests for solutions that provide safety, real-time information, machine monitoring, efficiency optimization, and other features. Assist systems on Komatsu wheeled loaders include an Extended Load-Pilot, a new rear-view Supervision system with a high-definition camera and rear radar obstacle detection, and an Efficiency Module that takes into account different operating conditions.

Europe Construction Machinery Rental Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in USD Million)

    1. 5.1 Machinery Type

      1. 5.1.1 Crane

      2. 5.1.2 Telescopic Handlers

      3. 5.1.3 Excavator

      4. 5.1.4 Loader

      5. 5.1.5 Motor Grader

      6. 5.1.6 Road Construction Equipment

      7. 5.1.7 Other Equipment

    2. 5.2 Drive Type

      1. 5.2.1 Hydraulic

      2. 5.2.2 Hybrid

    3. 5.3 By Application

      1. 5.3.1 Building Construction

      2. 5.3.2 Road Construction

      3. 5.3.3 Others

    4. 5.4 By Country

      1. 5.4.1 Germany

      2. 5.4.2 United Kingdom

      3. 5.4.3 Italy

      4. 5.4.4 Spain

      5. 5.4.5 France

      6. 5.4.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Caterpillar Inc.

      2. 6.2.2 Liebherr Group

      3. 6.2.3 Deere & Company

      4. 6.2.4 Komatsu Ltd.

      5. 6.2.5 Loxam SAS

      6. 6.2.6 Ardent Hire Solutions Ltd

      7. 6.2.7 Sunbelt Rentals

      8. 6.2.8 Kiloutou Group

      9. 6.2.9 Hitachi Construction Machinery Co. Ltd

      10. 6.2.10 Ahern Rentals

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Construction Machinery Rental Industry Segmentation

Construction Machinery rental services allow users to utilize the machinery for a short or long period in exchange for paying a higher daily cost or monthly cost. It is an agreement between the user and the machinery rental company.

The Europe Construction Machinery Rental Market is segmented by Machinery Type (Crane, Telescopic Handlers, Excavator, Loader, Motor Grader, Road Construction Equipment, and Other Equipment), Drive Type (Hydraulic, and Hybrid), Application (Building Construction, Road Construction, and Others), Geography (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe). The report offers market size and forecasts for Europe Construction Machinery Rental Market in value (USD Million) for all the above segments.

Machinery Type
Crane
Telescopic Handlers
Excavator
Loader
Motor Grader
Road Construction Equipment
Other Equipment
Drive Type
Hydraulic
Hybrid
By Application
Building Construction
Road Construction
Others
By Country
Germany
United Kingdom
Italy
Spain
France
Rest of Europe
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Europe Construction Machinery Rental Market Research FAQs

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.

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

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.

In 2023, the Europe Construction Machinery Rental Market size was estimated at USD 31.95 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.

Europe Construction Equipment Rental Industry Report

Statistics for the 2024 Europe Construction Equipment Rental market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Construction Equipment Rental analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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