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Construction Machinery Rentals in the US Industry Data and Analysis
Construction machinery lessors play a crucial role by leasing heavy construction and transportation equipment to support downstream construction markets. The advantages of renting are particularly beneficial for contractors as it alleviates them from bearing the burdens of depreciation and maintenance costs, ultimately contributing to increased revenue for lessors. The appeal of renting is heightened because many contractors lack adequate space to store machinery. While the pandemic caused slumps among commercial and industrial markets, low-interest rates spurred an uptick in residential projects, providing a cushion for lessors. As the pandemic waned, interest rates spiked as inflationary concerns crept up, weakening residential construction. Even so, this prompted industrial and commercial sectors to resume projects that were held off. Overall, revenue for construction machinery lessors is set to swell at a CAGR of 1.3%, reaching $34.9 billion through the end of 2023, including a 1.6% hike in 2024 alone. Profitability has also remained steady as lessors can pass off equipment price hikes to renters.
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What's included in this industry analysis
IBISWorld's research coverage on the Construction Machinery Rentals industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Construction Machinery Rentals industry in the United States operates under the NAICS industry code OD6477. Operators in this industry offer construction vehicles and equipment for rental. Related terms covered in the Construction Machinery Rentals industry in the United States include unemployment rate, commercial building construction and oil drilling and gas extraction.
What's included in this industry?
Products and services covered in Construction Machinery Rentals industry in the United States include Earth Moving rentals, Material Transportation rentals and Road and Highways rentals.
What companies are included in this industry?
The Construction Machinery Rentals industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Construction Machinery Rentals industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Construction Machinery Rentals industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Construction Machinery Rentals industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Construction Machinery Rentals industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Construction Machinery Rentals industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Construction Machinery Rentals industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Construction Machinery Rentals industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Construction Machinery Rentals industry in the United States.
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Frequently Asked Questions
What is the market size of the Construction Machinery Rentals industry in the United States in 2026?
The market size of the Construction Machinery Rentals industry in the United States is $34.9bn in 2026.
How many businesses are there in the Construction Machinery Rentals industry in the United States in 2025?
There are 2,875 businesses in the Construction Machinery Rentals industry in the United States, which has grown at a CAGR of 1.8 % between 2020 and 2025.
Has the Construction Machinery Rentals industry in the United States grown or declined over the past 5 years?
The market size of the Construction Machinery Rentals industry in the United States has been growing at a CAGR of 1.3 % between 2020 and 2025.
What is the forecast growth of the Construction Machinery Rentals industry in the United States over the next 5 years?
Over the next five years, the Construction Machinery Rentals industry in the United States is expected to grow.
What does the Construction Machinery Rentals industry in the United States include?
Renting cranes and Renting dozers are part of the Construction Machinery Rentals industry in the United States.
How competitive is the Construction Machinery Rentals industry in the United States?
The level of competition is moderate and increasing in the Construction Machinery Rentals industry in the United States.
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