Global Equipment Rental Market 2017-2021

Global Equipment Rental Market 2017-2021

About Equipment Rental

Equipment rental is a service industry that provides machinery, tools, and equipment to end-users such as the construction, mining, power, and oil and gas industries on a rental basis. A rental agreement signed before the transaction specifies the rental amount, security deposit, delivery date, late return fees, duration of the rental period, and location. Renting equipment has several benefits such as it avoids the initial purchase cost and requires less maintenance and repair cost.

Technavio’s analysts forecast the global equipment rental market to grow at a CAGR of 3.26% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global equipment rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas Copco
  • Caterpillar
  • Hertz Equipment Rental
  • Sunbelt Rentals
  • United Rentals
Other prominent vendors
  • Aggreko
  • AKTIO Corporation
  • Ashtead Group
  • BlueLine Rental
  • Cramo
  • Deere & Company
  • Fabick CAT
  • Herc Rentals
  • Kanamoto
  • Loxam
  • Maxim Crane Works
  • Mustang CAT
  • NISHIO RENT ALL
  • NIKKEN CORPORATION (Mitsubishi Corporation)
  • Sims Crane & Equipment
  • Stephensons Rental Services
  • Sunstate Equipment Company
  • Titan Machinery
Market driver
  • Advantages of renting equipment for short-term projects
  • For a full, detailed list, view our report
Market challenge
  • Environmental impact due to end-user industries
  • For a full, detailed list, view our report
Market trend
  • Rental equipment monitoring
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Equipment Rental Market 2017-2021

Technavio recognizes the following companies as the key players in the global equipment rental market: Atlas Copco, Caterpillar, Hertz Equipment Rental, Sunbelt Rentals, and United Rentals.

Other Prominent Vendors in the market are: Aggreko, AKTIO Corporation, Ashtead Group, BlueLine Rental, Cramo, Deere & Company, Fabick CAT, Herc Rentals, Kanamoto, Loxam, Maxim Crane Works, Mustang CAT, NISHIO RENT ALL, NIKKEN CORPORATION (Mitsubishi Corporation), Sims Crane & Equipment, Stephensons Rental Services, Sunstate Equipment Company, and Titan Machinery.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rental equipment monitoring. With the rise in the mining and construction activities, it becomes crucial to manage the rental equipment efficiently. Keeping a regular track of the fleet improves the allocation resources of the rental company. The equipment offered are GPS-equipped which increases the efficiency of fleet management.”

According to the report, one driver in the market is advantages of renting equipment for short-term projects. Competitive edge is one of the key factors that determine the sustainability of a company in any given industry. To increase the market share, a company needs to upgrade its operations to churn out the maximum profits. For the equipment and heavy machinery intensive industry, the cost associated with owning such equipment has increased pressure on the balance sheet of the firm. As the management of the companies is involved in increasing the sales figures and other aspects of the business, the costs of leasing or renting equipment for short-term projects proves lesser than the cost of purchasing the required equipment.

Further, the report states that one challenge in the market is environmental impact due to end-user industries. Construction and mining, along with oil and gas exploration, drilling, and production result in environmental damage, including the changes in hydrodynamics of underground water tables, land degradation, and ground subsidence. Chemicals used in the mining activities are hazardous to the ecosystem and lead to the contamination of soil and groundwater. Such activities lead to soil erosion, the formation of sinkholes, and the loss of biodiversity because of deforestation. Also, in urbanized locations, mining causes dust pollution, vision impairment if exposed for a longer duration, and noise pollution.

Companies Mentioned

Atlas Copco, Caterpillar, Hertz Equipment Rental, Sunbelt Rentals, United Rentals, Aggreko, AKTIO Corporation, Ashtead Group, BlueLine Rental, Cramo, Deere & Company, Fabick CAT, Herc Rentals, Kanamoto, Loxam, Maxim Crane Works, Mustang CAT, NISHIO RENT ALL, NIKKEN CORPORATION (Mitsubishi Corporation), Sims Crane & Equipment, Stephensons Rental Services, Sunstate Equipment Company, and Titan Machinery.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global equipment rental market
    • Market size and forecast
      • Table Global equipment rental market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global equipment rental market by end-user
      • Table Global equipment rental market 2016 (%)
    • Global equipment rental market by end-user 2021
      • Table Global equipment rental market 2021 (%)
    • Global equipment rental market by end-user 2016-2021
      • Table Global equipment rental market by end-user 2016-2021 (%)
    • Global equipment rental market by oil and gas industry
      • Table Global equipment rental market by oil and gas industry 2016-2021 ($ billions)
    • Global equipment rental market by construction industry
      • Table Global equipment rental market by construction industry 2016-2021 ($ billions)
    • Global equipment rental market by mining industry
      • Table Global equipment rental market by mining industry 2016-2021 ($ billions)
    • Global equipment rental market by power industry
      • Table Global equipment rental market by power industry 2016-2021 ($ billions)
    • Global equipment rental market by others
      • Table Global equipment rental market by power industry 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Global - market size and forecast
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size & forecast
      • Table Americas - market size & forecast 2017-2021 ($ bn)
      • Table Americas - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • APAC - market size & forecast
      • Table APAC - market size & forecast 2017-2021 ($ bn)
      • Table APAC - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast 2017-2021 ($ bn)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global liquid fuel consumption 2007-2018 (mbpd)
      • Table Increase in consumption of petrol/diesel in India 2013-2016
    • Market challenges
      • Table Global crude oil price 2012-2017 ($/bbl)
  • Market trends
    • Rental equipment monitoring
    • Deep-sea mining
    • Impact of Industry 4.0 on construction and oil and gas industry
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Atlas Copco
      • Table Atlas Copco: Key product offerings
      • Table Atlas Copco: Key product offerings (rental fleet)
      • Table Atlas Copco: Recent developments
    • Caterpillar
      • Table Caterpillar: Key product offerings
      • Table Caterpillar: Recent developments
    • Hertz Equipment Rental
      • Table Hertz Equipment Rental: Key product offerings
      • Table Hertz Equipment Rental: Recent developments
    • Sunbelt Rentals
      • Table Sunbelt Rentals: Key product offerings
      • Table Sunbelt Rentals: Recent developments
    • United Rentals
      • Table United Rentals: Key product offerings
      • Table United Rentals: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook