Report Overview

The Australia construction equipment rental market is expected to grow at a CAGR of 5.50% between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • In 2021, according to ITA, Australian Building and Construction performed over USD 162 billion worth of building and construction.
  • According to ABS, in the December quarter of 2023, seasonally adjusted construction work for the private sector rose 2.0%.
  • The value of private sector construction work from September 2023 to December 2023 rose by 6.6%.

Australia Construction Equipment Rental Market Growth

Compound Annual Growth Rate

Value in AUD billion

5.5%

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.

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 Segmentation

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

  • Wheel Loader
  • Crane
  • Excavator
  • Bulldozer
  • Dump Truck
  • Diesel Genset
  • Motor Grader and Telescopic Handler
  • Others

Market Breakup by Vehicle Type

  • Earthmoving Equipment
  • Material Handling
  • Others

Market Breakup by Propulsion Type

  • IC Engine
  • Hybrid Drive

Market Breakup by End Use

  • Residential
  • Commercial
  • Industrial

Market Breakup by Distribution Channel

  • Speciality Stores
  • Online
  • Others

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

Australia Construction Equipment Rental Market Share

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.

Leading companies in the Australia construction equipment rental market

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.

  • Onsite Rental Group Limited
  • Allcott Hire Pty Ltd
  • Brooks Hire Service Pty Ltd
  • Porter Group Ltd
  • WesTrac Pty Ltd
  • Hire Pty Limited

*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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Key Questions Answered in the Report

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.

Report Summary

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Type
  • Vehicle Type
  • Propulsion Type
  • End Use
  • Distribution Channel
  • Region
Breakup by Type
  • Wheel Loader
  • Crane
  • Excavator
  • Bulldozer
  • Dump Truck
  • Diesel Genset
  • Motor Grader and Telescopic Handler
  • Others
Breakup by Vehicle Type
  • Earthmoving Equipment
  • Material Handling
  • Others
Breakup by Propulsion Type
  • IC Engine
  • Hybrid Drive
  • Others
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
Breakup by Distribution Channel
  • Speciality Stores
  • Online
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Onsite Rental Group Limited
  • Allcott Hire Pty Ltd
  • Brooks Hire Service Pty Ltd
  • Porter Group Ltd
  • WesTrac Pty Ltd
  • Hire Pty Limited
  • Others

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