Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Construction Equipment Rental Market Outlook
*this image is indicative*
The availability of wide range of cost-effective a rental options for construction machinery is favourably shaping the Australia construction equipment rental market dynamics. Construction equipment rental allows construction companies to access a wide range of specialised machinery and tools without the capital investment and ongoing maintenance costs associated with ownership. It provides flexibility, cost-effectiveness, and the ability to scale resources according to project needs, making it a preferred option in the construction industry.
| Australia Construction Equipment Rental Market Summary | Description | Value |
| Base Year | AUD Billion | 2023 |
| Historical period | AUD Billion | 2018-2023 |
| Forecast Period | AUD Billion | 2024-2032 |
| Market Size 2023 | AUD Billion | 3.0 |
| Market Size 2032 | AUD Billion | 4.8 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.5% |
| CAGR 2024-2032 - Market by Region | New South Wales | 6.3% |
| CAGR 2024-2032 - Market by Region | Australian Capital Territory | 5.0% |
| CAGR 2024-2032 - Market by Type | Excavator | 6.3% |
| CAGR 2024-2032 - Market by End Use | Residential | 6.2% |
| Market Share by Region | Queensland | 14.1% |
The construction equipment rental market is divided into earthmoving equipment, material handling, and others based on the vehicle type. Renting earthmoving equipment, such as excavators and loaders, is more cost-effective for construction companies compared to purchasing, especially for short-term projects. Earthmoving equipment rental offers the flexibility to scale up or down based on project needs, allowing companies to manage resources effectively without long-term commitments.
In November 2023, Volvo Construction Equipment launched its inaugural line of zero-emission construction machines in Australia. These machines offer comparable performance to their diesel counterparts while providing a quieter, smoother operation and a more ergonomic work environment.
The Australia construction equipment rental market developments are being guided by the increasing adoption of telematics and IoT for fleet management, improving equipment efficiency and maintenance scheduling. Moreover, the introduction of hybrid and electric construction machinery is taking place to reduce environmental impact and operating costs.
Australia Construction Equipment Rental Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Vehicle Type
Market Breakup by Propulsion Type
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
IC engine drives Australia’s construction equipment rental market due to their versatility, robust performance, reliability, wide availability, familiarity among users, cost-effectiveness, and strong demand for handling various construction tasks effectively.
| CAGR 2024-2032 - Market by | Region |
| New South Wales | 6.3% |
| Australian Capital Territory | 5.0% |
| Others | 4.4% |
| Victoria | XX% |
| Queensland | XX% |
| Western Australia | XX% |
The growth of the construction equipment rental market is fueled by technology integration, the rise of hybrid and electric equipment, the implementation of rental software solutions, a focus on safety and ergonomics, and digitalization in construction.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5.50% between 2024 and 2032.
Based on the vehicle type, the construction equipment rental market is bifurcated into earthmoving equipment, material handling, and others.
Key players in the construction equipment rental industry are Onsite Rental Group Limited, Allcott Hire Pty Ltd, Brooks Hire Service Pty Ltd, Porter Group Ltd, WesTrac Pty Ltd, and Hire Pty Limited, among others.
Key players in the construction equipment rental industry are Onsite Rental Group Limited, Allcott Hire Pty Ltd, Brooks Hire Service Pty Ltd, Porter Group Ltd, WesTrac Pty Ltd, and Hire Pty Limited, among others.
Based on propulsion type, the construction equipment rental market is divided into hybrid drive and IC engine.
Based on end-use, the construction equipment rental market is bifurcated into industrial, commercial, and residential.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Vehicle Type |
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| Breakup by Propulsion Type |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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