Reports > Manufacturing And Construction > Cranes Rental Market Report
Cranes Rental Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the cranes rental market, covering insights, trends, and projections from 2023 to 2033. It includes market size, growth rates, industry dynamics, regional insights, and key players shaping the landscape.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $40.00 Billion |
| CAGR (2023-2033) | 6.7% |
| 2033 Market Size | $77.85 Billion |
| Top Companies | United Rentals, Ashtead Group, Loxam, Hewden |
| Last Modified Date | 15 Nov 2024 |
Cranes Rental Market Report (2023 - 2033)
Cranes Rental Market Overview
What is the Market Size & CAGR of Cranes Rental market in 2023?
Cranes Rental Industry Analysis
Cranes Rental Market Segmentation and Scope
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Cranes Rental Market Analysis Report by Region
Europe Cranes Rental Market Report:
In Europe, the market size is estimated at $12.24 billion in 2023, with projections to reach $23.82 billion by 2033. The emphasis on green building practices and renovation projects post-pandemic is expected to bolster the cranes rental market.Asia Pacific Cranes Rental Market Report:
In the Asia Pacific region, the cranes rental market is projected to grow from $7.23 billion in 2023 to $14.07 billion by 2033, driven by robust infrastructure projects in countries like China and India. The increasing number of construction activities and urbanization trends support this growth.North America Cranes Rental Market Report:
North America leads the market with a valuation of $15.17 billion in 2023, projected to grow to $29.53 billion by 2033. The consistent demand from the construction industry, combined with a focus on infrastructure modernization, fuels this growth.South America Cranes Rental Market Report:
The South American market, starting at $2.35 billion in 2023, is expected to reach $4.57 billion by 2033. Key growth drivers include rising investments in mining and power generation projects within the region.Middle East & Africa Cranes Rental Market Report:
The Middle East and Africa region is anticipated to grow from $3.01 billion in 2023 to $5.86 billion by 2033, primarily due to ongoing mega construction projects and preparations for events like the World Expo 2025.Request a custom research report for industry.
Cranes Rental Market Analysis By Type
Global Cranes Rental Market, By Type Market Analysis (2023 - 2033)
Mobile cranes dominate the market, with a size of $25.78 billion in 2023, expanding to $50.17 billion by 2033, maintaining a market share of 64.45%. Tower cranes and crawler cranes follow, with respective sizes of $10.29 billion and $3.93 billion in 2023.
Cranes Rental Market Analysis By Application
Global Cranes Rental Market, By Application Market Analysis (2023 - 2033)
Commercial construction is the largest segment, comprising $25.78 billion of the market in 2023, projected to grow alongside residential construction and government projects, each contributing to overall market expansion.
Cranes Rental Market Analysis By Ownership
Global Cranes Rental Market, By Ownership Type Market Analysis (2023 - 2033)
Operated rentals account for a significant market share of 64.45%, illustrating a trend towards rented-operated models rather than ownership. Bare rentals also maintain a notable share.
Cranes Rental Market Analysis By Service
Global Cranes Rental Market, By Service Type Market Analysis (2023 - 2033)
Services provided encompass transportation services, driven by business growth in logistics and industrial sectors. The market reflects a diversified model, adapting to specific project demands.
Cranes Rental Market Analysis By End User
Global Cranes Rental Market, By End-user Market Analysis (2023 - 2033)
Key end-users include construction firms, which captured a market share of 25.73% in 2023. The rising demand from mining and utilities adds significant value to the cranes rental services.
Cranes Rental Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Cranes Rental Industry
United Rentals:
As one of the largest equipment rental companies globally, United Rentals provides a wide range of cranes and construction equipment, focusing on maximizing uptime and reducing costs for customers.Ashtead Group:
Ashtead, operating under the Sunbelt Rentals brand, specializes in equipment rental solutions across various sectors, including construction and industrial, delivering high-quality cranes and customer services.Loxam:
Loxam is a prominent player in Europe, offering comprehensive crane rental services, renowned for operational excellence and extensive fleet capability across many construction projects.Hewden:
Hewden is well-known in the UK market, providing innovative rental solutions and a diverse equipment fleet, specializing in heavy machinery and cranes.We're grateful to work with incredible clients.
