Buy the full study
Summary of our market study
The French market is growing by around 5% a year and is estimated at 5 billion euros.
The global construction equipment rental market is worth $98 billion and growing by 4% a year.
The French market is growing by around 5% a year and is estimated at 5 billion euros.
Major players such as Loxam and Kiloutou dominate the French market, but there are a large number of regional rental companies thriving in a market that is still not very concentrated, despite the numerous acquisitions made by the two leaders. There are some 1,500 rental outlets in France, with 3,000 branches.
The emphasis is on equipment variety and availability, with service flexibility and responsiveness playing a crucial role. Geographical positioning also remains crucial, with regions such as Île-de-France and Nouvelle-Aquitaine experiencing stronger market activity than other parts of the country.
The total value of equipment available for rental is estimated at 9 billion euros.
Market regulations play a central role, with strict guidelines on periodic equipment inspections. Changes in energy use regulations could encourage the adoption of electric and hybrid vehicles.
Players in the French construction equipment rental market
- Loxam: European leader in construction equipment rental
- Kiloutou: French number two in the sector
- Mediaco: Lifting equipment rental specialist.
- Bouygues Construction Matériel: Company that rents equipment to group entities.
- Salti
- Accès Industrie
- Tracktor: This start-up has injected a dose of innovation into the sector with its digital platform
- Bergerat Rent, a subsidiary of the Caterpillar dealer in France, and ENCO, specialists in the rental of large public works machines
to understand this market
Detailed content of our market study
Inforamtion
- Number of pages : ~ 40 pages
- Format : Digital and PDF versions
- Last update :
Summary and extracts
1 Market overview
1.1 Definition and scope of study
Construction equipment rental refers to the rental, with or without operator, of construction equipment. It is therefore primarily aimed at players in the public works and building (BTP) and extraction sectors .
In the broadest sense, construction equipment for hire covers all the equipment used by public works and building contractors on construction sites, and not just equipment strictly intended for construction itself. Although private individuals may also rent certain construction machinery or equipment, our study will focus on the B2B market.
The global construction equipment rental market is expected to grow at a CAGR of 4% between 2019 and 2024, driven by investment in infrastructure. In 2020, the Covid-19 epidemic largely affected the sector both globally and nationally, with sudden stoppages of worksites and branch closures followed by a slow recovery.
However, the French construction equipment rental market is expected to remain resilient after three years of strong growth. In 2019, the market grew by over 5% compared with 2018. This growth is explained in particular by animproved turnover rate and an increase in the value of the fleet. The market is also dominated by several players, such as Loxam and Kiloutou, but many SMEs are also present on the market.
As construction industry players have a choice between buying or renting their equipment, the study will show how renting can be an interesting solution, particularly in a context of uncertainty and crisis. What's more, players need to face up to the challenges of digitalization and eco-responsibility.
1.2 A growing global market
The global construction equipment rental market:
The global construction equipment rental market is estimated at US$ ** billion in ****, and is expected to grow at a rate of around *% through to ****, reaching US$ *** billion.
Sales in the construction equipment rental market World, ****-****, in billions of US$ Source: MarketsandMarkets CAGR **** - ****: approx. ...
1.3 A growing French market
According to DLR, a federation of players in the distribution, rental, maintenance and services sector for construction and handling equipment, the construction equipment rental market is estimated at €*.* billion in ****, up *% on ****.
The graph below shows different periods:
A CAGR of *.*% between **** and **** A drop in activity after the **** crisis, following ...
1.4 The impact of the Covid-19 crisis
The impact of the crisis on construction equipment rental players:
According toInsee, average sales at end-November **** for players in NAF code **.**Z 'rental and leasing of construction machinery and equipment' were ***.* in index base *** ****, compared with ***.* at end-November ****. This accounts for a *% drop [(***). We note that while activity has fallen in ...
1.5 A new demand trend: long-term rental
Construction equipment rental is primarily a short-term offer, ranging from a few days to a few months. A new demand is emerging: long-term rental. Following on from the development of this business in the truck market, where two companies, Fraikin and Petit Forestier, enjoyed very rapid growth, we've now moved on ...
2 Demand analysis
2.1 Determining demand: the building market
Building sector analysis:
The FFB (***) estimates the value of production in the building sector at ***.** billion euros in ****, up *.*% on **** .
Production value in the building sector by segment France, ****- *****, in billions of € **** Source: ****
The table below gives an account of growth - excluding the price effect - in the various ...
2.2 Determining demand: the public works market
Public works sales reached €**.* billion in ****, up **% on **** , according to the Fédération Nationale des Travaux Publics. Maintenance work will account for just over **% of the total in ****, compared with **% for new construction. The chart below highlights market trends since ****, with strong growth since **** (***).
Public works sales France, **** - ****, in ...
2.3 Determining demand: the extraction market
Those involved in extraction (***) need certain types of equipment, such as dump trucks and excavators.
In ****, mineral extraction amounted to *** million tonnes (***) - **% of which was sand and gravel.
Just over *,*** quarries remained active in ****, down **% since ****. [***]
The graph below shows that, after a drop in activity between **** and ****, growth has ...
2.4 Why rent rather than buy construction equipment?
The main argument is cost control, but leasing is also more flexible and environmentally friendly, according to DLR. The table below compares some of the advantages and disadvantages of buying and renting construction equipment.
So, except when the equipment in question represents the manufacturer's core business, leasing seems to offer a ...
2.5 Summary of key demand drivers
According to Batiweb, future growth for the construction equipment rental market is likely to be based on two segments, especially as they require lifting equipment and heavy machinery:
civil engineering / public works non-residential (***)
3 Market structure
3.1 Segmentation and player dynamism
Simplified industry value chain :
Player analysis:
The table below analyzes the evolution of players in the Construction Equipment Rental market, according to DLR.
In ****, Loxam's market share was **% according to Les Echos, which underlines the fact that, despite the presence of a few major players with a nationwide presence, the rental ...
3.2 Production analysis
There was a drop in investment - of almost **% - between **** and ****, after two years (***). This is also a sign of a slight slowdown in growth compared to **** and ****.
Investment trends in the construction equipment rental sector France, **** - ****, in billions of € and in % Source : DLR Evolution investment amounts **** vs **** : - ...
3.3 Distribution analysis
How do you rent? [***]
Construction equipment rental groups use a large network of agencies to optimize rentals to construction industry players.
Agencies may be more or less specialized in a particular segment, as is the case with LOXAM:
Loxam Rental for construction equipment (***). Loxam Access for aerial work platforms Loxam Module ...
4 Offer analysis
4.1 Types of construction equipment for hire
We offer awide range of construction equipment for hire.
Tracktor's most popular equipment rentals include :
mini-excavators or backhoes aerial platforms (***) forklifts or telescopic handlers construction site barriers mini-cranes
The graph below shows the breakdown of Loxam's rental equipment fleet. [***] The breakdown may vary depending on the rental company and its ...
4.2 Price analysis
The graph below shows that between **** and ****, prices were roughly equivalent to those of **** - competition not allowing prices to rise. In ****, we see a drop in prices linked to the crisis, as there is more supply than demand.
Evolution of the price index for rental and leasing of machinery and ...
4.3 Supply trends: eco-responsibility and digitalization
Eco-responsibility: [***]
Rental of "clean" equipment is on the rise: electric, hybrid, gas or dual-energy equipment accounted for */* of investments in **** - particularly in small equipment and lifting. Such equipment also has the advantage of generally being quieter. However, two factors are holding back this eco-responsible trend:
the "green" offer is still ...
5 Regulations
5.1 Regulations
The interprofessional general conditions for rental of business equipment without operator have been drawn up by a specialized commission bringing together users (***), in the document opposite: Conditions générales interprofessionnelles de location de matériel d'entreprise sans opérateur.
The main measures and obligations for rental companies include Periodic General ...
6 Positioning the players
6.1 Segmentation
- Kiloutou
- Salti location
- Bouygues Construction Matériel
- Uperio
- ENCO
- Bergerat Rent (Bergerat Monnoyeur)
- Poisson Groupe
- Sofilec Groupe
- Loxam
- Delta Service Location
- Transofico
- Médiaco Levage
- Accès Industrie
- Aprolis Groupe
- Layer France
- Mecalac
- Tracktor
- Hiboo
- LEM Equipement
List of charts presented in this market study
- Construction equipment rental sales
- Geographical breakdown of Loxam sales
- Investment trends in the construction equipment rental sector
- Value of the construction equipment rental fleet
- Average age of rental construction equipment fleet
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Latest news
Construction: Loxam holds up well despite the new-build crisis - 22/03/2024
- - Last year's sales: over 2.5 billion euros, up more than 6%.
- - Revenues generated in France: 1,042 million euros (+6.6%).
- - Share of the new housing market in Loxam's business: 10%.
- - Public works sector share of sales: over a quarter
- - Proforma sales in Brazil: around 100 million euros.
- - Loxam presence: 25 countries.
- - Revenues generated outside France and Northern Europe: 804 million euros (+14.4%).
- - Reduction in capital expenditure: from 520 million to 350 million euros.
Hiboo raises $9 million to expand its fleet data management solution - 10/01/2024
- Hiboo has raised €9.3 million to design its solution
- Hiboo was founded in 2017
- 63,000 assets, vehicles or construction equipment in around 100 countries use Hiboo
- Hiboo processes 25 data points for each of its 90 sources
Hiboo: hunting CO2 emissions from industrial machinery - 10/01/2024
- The start-up aggregates data from industrial machinery to improve usage, maintenance and consumption efficiency.
- Hiboo raises 9.3 million euros
- The start-up has already raised 4 million euros in two previous financing rounds
- The funds raised were led by Emerald and Nabtesco, with Isai Build Venture, Future Industry Ventures, Ring Capital and Citizen Capital
- Emerald's investors include major global manufacturers such as Caterpillar and Hitachi, and tech players such as Microsoft
- Hiboo was founded in 2017
- The company also works with machine rental companies
- Hiboo's competitors include Trackunit in Denmark, MachineMax in the UK and Metron in France
- Hiboo mainly targets the construction sector, but is increasingly opening up to the logistics and nuclear sectors
Kiloutou tops one billion euros in sales - 18/04/2023
- Kiloutou has made 5 acquisitions in 2022.
- Kiloutou's sales rise from €793 million in 2021 to €1.08 billion in 2022, an increase of 28.4%.
- Kiloutou's international share doubled to 36%.
- The overall market grew by 2% to 7% in European countries, and by 4% in France.
- Kiloutou is number three in Europe and number two in France, with a 13.4% market share.
- The group has 600 branches (including 500 in France) and 7,000 employees (including 5,000 in France).
- Kiloutou has invested 270 million euros in 2022 and plans to reduce its investments by 10 to 20% in 2023.
- Kiloutou's online business should increase from 21 to 34 million euros in 2023 thanks to its new website.
Equipment rental: Loxam ready for new acquisitions - 15/03/2023
- Key figures - Sales :
- 2.4 billion euros by 2022
- - Annual growth: 10% and 9% on a comparable basis
- - Operating profitability: 279.7 million euros in 2022 (12% margin)
- - Presence in some thirty countries
- - Market share: 20% in France, 7% in Europe
- - Growth forecast for 2023: +5% to +6
- - number four worldwide
- - two acquisitions in 2022, one in Spain, the other in Portugal
Kiloutou also sees its future abroad - 01/09/2022
- Kiloutou Group: sales in excess of €1 billion, 7,000 employees
- 95% of business with professionals in earthmoving and civil engineering equipment rental
- number 2 in France with 15% market share behind Loxam number 3 in Europe with leading positions in
- in Portugal and Denmark
- Acquisition of Grupo Vendap, leader in Portugal, with sales of 40 million euros and an 18% market share Purchase of Holbæk Lift in Denmark (20 employees, sales of 6 million euros)
- Since 2018, Kiloutou has increased its international sales fivefold
Companies quoted in this study
This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
the construction equipment rental market | France
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What is the positioning of companies in the value chain?
- Data from several dozen databases
Pack 5 études (-15%) France
- 5 études au prix de 75,6€HT par étude à choisir parmi nos 800 titres sur le catalogue France pendant 12 mois
- Conservez -15% sur les études supplémentaires achetées
- Choisissez le remboursement des crédits non consommés au terme des 12 mois (durée du pack)
Consultez les conditions du pack et de remboursement des crédits non consommés.
Our customer references
They have consulted our studies
Discover the opinions (+500)
Malcolm Vincent
Astoria Finance
Gregoire de Castelnau
Stags Participations
Timothé Huignard
PWC
Paul-Alexis Kebabtchieff
BCG
Aymeric Granet
Publicis Consultant
interviews & case studies
All interviews and case studies (45)
