Equipment Rental Software Statistics 2025

In the rapidly evolving landscape of business technology, understanding the latest trends and developments in equipment rental software is crucial. As we approach 2025, the statistics surrounding this specialized software not only highlight its widespread adoption but also underscore its impact on operational efficiency and profitability. For businesses navigating the complexities of equipment management and rental services, staying informed about these advancements is essential to maintaining a competitive edge.

Key stakeholders, including business owners, IT professionals, and industry analysts, will find this data particularly valuable. By shedding light on user adoption rates, market growth forecasts, and feature utilization, these statistics provide a clear picture of the current state and the future trajectory of equipment rental software. This information not only impacts strategic planning and investment decisions but also influences how companies allocate resources and streamline their workflows.

In an industry characterized by constant innovation, leveraging detailed statistical insights can empower stakeholders to make informed decisions that drive success. As we delve into the specifics, this data will serve as a critical tool for identifying trends, addressing challenges, and capitalizing on opportunities within the equipment rental software market in 2025.

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Top Equipment Rental Software Statistics 2025

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Industry Trends And Market Statistics

• The construction equipment rental market is projected to expand at a compound annual growth rate (CAGR) of 6.12% from 2023 to 2030, reaching USD 201.81 billion by 2034. ^[?]
• The global construction equipment rental market was valued at USD 104.94 billion in 2023 and is predicted to reach over USD 161.39 billion by 2033, at a CAGR of around 4.44% from 2024 to 2033. ^[18]
• North America held a market share of 31.3% in 2022 and is expected to continue its dominance. ^[16]
• The Asia Pacific construction equipment rental market is expected to witness significant growth of 6.3% during the forecast period. ^[16]
• The U.S. construction equipment rental market size was estimated at USD 23.28 billion in 2023 and is projected to be worth around USD 38.08 billion by 2033, at a CAGR of 5.09% from 2024 to 2033. ^[18]
• The equipment rental market size was approximately worth about $115.2 billion in 2019 and is expected to reach approximately $176.5 billion by 2027, at a CAGR of 5.6%. ^[19]
• In 2021, the Biden-Harris government signed the Bipartisan Infrastructure Law (BIL), which focused on promoting the nation’s infrastructure and competitiveness by rebuilding roads, bridges, ports, and airports. ^[8]
• The Canadian construction equipment rental market size is expected to reach $536 million by 2026. ^[20]
• Europe is expected to see significant growth in the construction equipment rental sector, with a CAGR of over 4% from 2021 to 2026. ^[12]
• The global rental market for aerial work platforms (AWP) is expected to be valued at $24.7 billion by 2025. ^[20]
• The power rental market, a segment of equipment rental, is poised to grow to $28 billion by 2026. ^[20]

Technological Advancements

• Equipment rental software can assist businesses in ensuring compliance with accounting standards such as ASC 842, IFRS 16, and GASB 87. ^[4]
• Predictive maintenance reduces breakdowns by 70%, increases productivity by 25%, and lowers maintenance costs by 25%. ^[3]
• The digitization of processes reduced average part ordering time from 60 minutes to 6 minutes. ^[1]
• The adoption of predictive analytics helps over 25% of construction equipment rental companies manage their fleet. ^[12]
• Integration with Industry 4.0 technologies, such as predictive maintenance systems and digital twin technology, is becoming prevalent. ^[2]

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Financial Performance And Investments

• The global equipment rental businesses generate around $93 billion in revenues annually. ^[10]
• The largest equipment rental company in the world, United Rentals, generates more than 7.2 billion euros per year. ^[10]
• North American equipment market is twice as high as that of Europe, generating about $53 billion in annual revenues. ^[10]
• The U.S. construction equipment rental industry’s revenue was estimated at over $55 billion in 2021. ^[12]
• The European rental industry saw a revenue increase of more than 5% in 2021. ^[12]
• The global construction equipment rental market was valued at approximately $100 billion in 2021. ^[12]
• The North American region accounts for over 30% of the global construction equipment rental market. ^[12]
• United Rentals completed the acquisition of Ahern Rentals in 2022 for $2.0 billion. ^[27]

Environmental Impact And Sustainability

• Construction equipment accounts for about 1.1% of the world’s CO2 emissions. ^[24]
• Global initiatives are aiming for net zero carbon emissions by 2050. ^[21]
• Electrification of construction equipment is in its early stages, with the electric vehicle market size expected to reach $42.70 billion by 2030. ^[25]
• The global off-highway electric vehicle market size is expected to reach $42 billion by 2030. ^[21]

Market Drivers And Challenges

• The construction of new infrastructure projects and the revival of stalled projects are key drivers for the equipment rental market. ^[13]
• The rise in mortgage rates in the region may restrict the demand for residential units. ^[8]
• Skilled labor shortage is a significant challenge, with the U.S. construction industry having approximately 440,000 job openings in April 2022. ^[8]
• Environmental regulations to achieve net-zero emissions by 2050 may impact the demand for large rental construction equipment. ^[8]

User And Market Behavior

• 84% of construction companies in the United States rent equipment instead of buying them. ^[10]
• 99% of contractors expect to rent within the next 12 months. ^[1]
• 45% of contractors planned to increase their reliance on rental in the next year. ^[1]
• 20% of rental market demand comes from the residential construction sector in the U.S. ^[12]
• 70% of contractors prefer renting aerial work platforms due to their high maintenance cost. ^[12]

Industry Innovations

• The launch of new AI-powered rental management systems by companies like Sunbelt Rentals and United Rentals. ^[15]
• The development of cloud-based rental management systems to streamline operations and improve efficiency. ^[15]
• Introduction of mobile-based rental management systems to enhance accessibility and user experience. ^[15]

Regional Insights

• The Asia Pacific region holds a commanding 31% of the Construction Equipment Rental Market due to rapid urbanization and significant infrastructure developments. ^[14]
• North America is expected to expand at the largest CAGR between 2024 and 2033. ^[18]
• Europe is also expected to hold a significant share of the global market by the end of 2036. ^[6]
• The construction equipment rental market in Brazil is expected to reach $3 billion by 2026. ^[12]
• The construction of 83,481 units of new homes started only in the Ontario province of Canada in 2023. ^[8]

Economic Impact

• Rental construction equipment helps companies save about 30-50% of the total cost of ownership. ^[10]
• The equipment rental industry is expected to grow at a CAGR of 4.9% until 2025. ^[10]
• The global statistics indicate that the global rental power-generating equipment market is expected to reach $21 billion by 2025. ^[10]
• The equipment rental software market is estimated to grow from USD 3.5 billion in 2020 to USD 6.8 billion by 2027, at a CAGR of 9.7%. ^[15]

Consumer Preferences

• Consumers are increasingly seeking outdoor equipment like cranes (+70%), forklifts (+46%), and scaffolding (+33%). ^[9]
• The greatest increase in demand was seen for scissor lifts, with a 130% increase in search frequency in 2023 compared to 2022. ^[9]
• 60% of sales around the world are through e-commerce, highlighting the importance of a robust online presence for rental businesses. ^[25]

Future Projections

• The global equipment rental market size is expected to reach USD 120.7 billion by 2027. ^[20]
• The equipment rental industry in the US has an annual growth rate of 1.5% between 2016 and 2021. ^[20]
• Market revenue from the equipment rental sector in the United States is forecasted to surpass $49 billion in 2021. ^[20]
• The digitalization of equipment rental services is anticipated to propel market growth by a CAGR of 5.0% by 2025. ^[20]
• The global construction equipment rental market is projected to grow at a CAGR of 5.59% from 2023 to 2028. ^[25]

Major Players And Market Share

• United Rentals and Sunbelt Rentals hold a significant share of the equipment rental market. ^[27]
• United Rentals acquired General Finance for US$ 996 million in April 2021. ^[22]
• Sunbelt acquired 50 rental companies for $1.06 billion at fiscal year-end April 2023. ^[27]
• The average rental rate for equipment increased by 4.8% year over year in the third quarter of 2022. ^[28]

Compliance And Standards

• Compliance with industry-specific standards such as ISO 9001 for quality management is essential for equipment rental companies. ^[23]
• Equipment rental software must ensure compliance with accounting standards like ASC 842, IFRS 16, and GASB 87. ^[4]

Efficiency And Productivity

• An OEE score of 100% means you are manufacturing only Good Parts, as fast as possible, with no Stop Time. ^[11]
• A perfect OEE score would be 100%, indicating that the equipment is operating at its maximum potential with no downtime. ^[5]
• Equipment failures account for 42% of unplanned downtime costs, costing organizations upwards of $50 billion per year. ^[17]

Environmental Regulations

• The U.S. and Canadian governments committed to achieving net-zero emissions by 2050. ^[8]
• The Tier 4 emission standard is currently followed, with Tier 5 expected to launch by 2025. ^[8]

Rental Equipment Types

• The earthmoving segment accounted for the largest share in 2022. ^[8]
• The concrete and road construction equipment segment is anticipated to register a compound annual growth rate of 6.8% from 2023 to 2030. ^[16]
• Earthmoving machinery dominates the market with 42% due to its extensive use in numerous construction and infrastructure projects. ^[14]

Market Dynamics

• The commercial construction segment holds a significant market share, and demand for equipment is projected to increase in residential and industrial construction at a 4.5% CAGR from 2024 to 2034. ^[22]
• The medium asking rent climbed 0.8% year over year to $1,653—the highest level since October 2022. ^[7]

Customer Experience

• Building customer loyalty to ensure customers return to your business is a top priority for rental business owners in 2024. ^[25]
• The adoption of digital tools to support safety, productivity, and sustainability objectives is increasing. ^[26]

Strategic Moves

• United Rentals introduced a new cloud-based rental management system in July 2020. ^[15]
• Sunbelt Rentals introduced a new AI-powered rental management system in June 2020. ^[15]

Industry Reports And Insights

• The American Rental Association (ARA) forecasts the equipment rental revenue to reach nearly $76.6 billion in 2024. ^[25]
• IMARC Group expects the global construction equipment rental market to grow at a CAGR of 5.59% from 2023 to 2028. ^[25]

Conclusion

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