General Construction Products & Machinery

Industrial Truck Rental: Market Size, Growth & Forecast to 2030

The Industrial Truck Rental market is valued at about $57.5 billion (2026) and is projected to grow at a 4.8% CAGR through 2030. The largest cost driver is Fleet Acquisition and Depreciation (45% of spend). North America leads demand at 40%.

Market size
$57.5 bn (2026)
CAGR to 2030
+4.8%
Buyer power
Favours buyers
Tracked suppliers
45

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.8% CAGR.

1261181091001002026104.82027109.82028115.12029120.62030126.42031

Cost structure

Fleet Acquisition and Depreciation
45%
Maintenance and Repair Parts
20%
Labor and Field Technicians
18%
Fuel and Battery Charging Logistics
10%
Overhead and Insurance
7%

Regional demand split

North America demand
40%
Europe demand
25%
Asia Pacific demand
22%
Latin America demand
7%
Rest of world demand
6%

Key suppliers

United Rentals, Inc.Sunbelt Rentals, Inc.Herc Holdings, Inc. (Herc Rentals)H&E Equipment Services Inc.Sunstate Equipment Co., LLC
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/industrial-truck-rental