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Heavy Equipment Rental in the US Industry Data and Analysis
The Heavy Equipment Rental industry has enjoyed growth through the end of 2026. In 2024, the industry benefited from a 10.0% nominal gain in the construction sector, supported by megaprojects and hurricane response activity. However, in 2025, total construction spending contracted by 1.8% from 2024 (through the end of August), driven by higher financing costs and economic uncertainty. Despite these headwinds, rental demand remains strong, especially for infrastructure, industrial and data center projects. Large rental companies, such as United Rentals and Sunbelt, adjusted to this dynamic by strategically shifting where and how they deployed their fleets. Through the end of 2026, industry revenue will climb at a CAGR of 2.7% to reach $57.7 billion in 2026, including a gain of 1.5% in 2026 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Heavy Equipment Rental industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Heavy Equipment Rental industry in the United States operates under the NAICS industry code 53241. Industry operators rent or lease heavy construction, off-highway transportation, mining and forestry machinery and equipment without attached labor. Companies in this industry may rent or lease products, including aircraft, railcars, steamships, tugboats, bulldozers, earthmoving equipment, cranes or well-drilling machinery and equipment. Related terms covered in the Heavy Equipment Rental industry in the United States include operating lease, finance lease and whole-of-life costing system.
What's included in this industry?
Products and services covered in Heavy Equipment Rental industry in the United States include Air transportation equipment, Rail transportation equipment and Water transportation equipment.
What companies are included in this industry?
Companies covered in the Heavy Equipment Rental industry in the United States include United Rentals, Inc. and Sunbelt Rentals Exchange Inc.
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 Heavy Equipment Rental 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 Heavy Equipment Rental 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 Heavy Equipment Rental 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 Heavy Equipment Rental 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 Heavy Equipment Rental 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 Heavy Equipment Rental 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 Heavy Equipment Rental 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 Heavy Equipment Rental industry in the United States.
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Frequently Asked Questions
What is the market size of the Heavy Equipment Rental industry in the United States in 2026?
The market size of the Heavy Equipment Rental industry in the United States is $57.7bn in 2026.
How many businesses are there in the Heavy Equipment Rental industry in the United States in 2026?
There are 17,125 businesses in the Heavy Equipment Rental industry in the United States, which has grown at a CAGR of 1.6 % between 2021 and 2026.
How may import tariffs affect the Heavy Equipment Rental industry in the United States?
The Heavy Equipment Rental industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Heavy Equipment Rental industry in the United States?
The Heavy Equipment Rental industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Heavy Equipment Rental industry in the United States grown or declined over the past 5 years?
The market size of the Heavy Equipment Rental industry in the United States has been growing at a CAGR of 2.7 % between 2021 and 2026.
What is the forecast growth of the Heavy Equipment Rental industry in the United States over the next 5 years?
Over the next five years, the Heavy Equipment Rental industry in the United States is expected to grow.
What are the biggest companies in the Heavy Equipment Rental industry in the United States?
The biggest companies operating in the Heavy Equipment Rental industry in the United States are United Rentals, Inc. and Sunbelt Rentals Exchange Inc.
What does the Heavy Equipment Rental industry in the United States include?
Air transportation equipment and Rail transportation equipment are part of the Heavy Equipment Rental industry in the United States.
Which companies have the highest market share in the Heavy Equipment Rental industry in the United States?
The company holding the most market share in the Heavy Equipment Rental industry in the United States is United Rentals, Inc..
How competitive is the Heavy Equipment Rental industry in the United States?
The level of competition is moderate and steady in the Heavy Equipment Rental industry in the United States.
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