What types of equipment can be rented and what are the leading markets?
Construction equipment is the largest segment in the global equipment rental market. This segment is expected to experience significant growth with a forecasted market value of about 140 billion U.S. dollars by 2027. Construction equipment renting ranges from earthmoving and road building equipment to material handling equipment and concrete equipment.The United States was the largest equipment rental market in 2020, valued at 48.5 billion U.S. dollars. In Europe, the United Kingdom led the way, with their equipment rental market valued at 6.5 billion euros.
What are the leading equipment rental companies?
Connecticut-based United Rentals was ranked as the largest equipment rental company globally, with rental revenue of more than 6.5 billion euros in 2020. United Rentals was also the leading equipment rental carrier in this period, with a fleet size of over 2,000 equipment units. Second to United Rentals, the UK-based Ashtead group reported a total revenue over five billion euros through its Sunbelt Rentals brand.
