In 2024, the United States leads the global transport equipment rental sector with 19.53 thousand establishments, a 3.19% rise from 2023. Spain follows with 9.22 thousand, up 3.28%. Brazil, increasing by 3.69%, reaches 5.85 thousand. New Zealand notes a slight decline to 1.49 thousand at -0.44%. The Netherlands grows 2.12% to 1.14 thousand, while Latvia remains stable at 0.93 thousand. Norway sees a 3.55% increase to 0.739 thousand. South Africa and Colombia see significant rises of 3.26% and 13.23% respectively, reaching 0.432 and 0.388 thousand. Finland declines by 2.04% to 0.322 thousand, and Costa Rica surges 9.2% to 0.059 thousand.
Future trends to watch in the global transport equipment rental industry include:
- Technological advancements in fleet management and logistics optimization, potentially increasing operational efficiency.
- Rising environmental regulations could impact fleet composition, with a shift towards eco-friendly vehicles.
- Growth in emerging markets presenting new opportunities as infrastructure and demand for rentals expand.
- Consumers' increasing preference for digital and on-demand services, driving innovation in rental platforms.
Top countries in Transport Equipment Rental Enterprises by Country
| # | 10 Countries | Units (Establishments) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 19,530 | 2023 | +4.48% | +3.19% | View data |
| 2 | 2 Spain | 9,220 | 2023 | +2.69% | +3.28% | View data |
| 3 | 3 Brazil | 5,850 | 2023 | +1.53% | +3.69% | View data |
| 4 | 4 New Zealand | 1,490 | 2023 | -0.27% | -0.44% | View data |
| 5 | 5 Netherlands | 1,140 | 2023 | +1.15% | +2.12% | View data |
| 6 | 6 Latvia | 930 | 2023 | +0.22% | 0% | View data |
| 7 | 7 Norway | 739 | 2023 | +1.93% | +3.55% | View data |
| 8 | 8 South Africa | 432 | 2023 | +2.61% | +3.26% | View data |
| 9 | 9 Colombia | 388 | 2023 | +7.16% | +13.23% | View data |
| 10 | 10 Finland | 322 | 2023 | -0.62% | -2.04% | View data |
