At a compound annual growth rate (CAGR) of 4.05 per cent from 2021 to 2030, the heavy construction equipment rental industry in the world is expected to increase from its estimated $76.5 billion in 2020 to $116.10 billion 2032. Construction machinery or heavy equipment is used for heavy tasks including lifting, excavating, material handling, and other labour-intensive processes. The top businesses in the heavy construction equipment rental market are Zoomlion (China), Hitachi (Japan), Sany (China), JCB (UK), and Caterpillar (US). Europe, Africa, South America, Asia Pacific and North America have all had success with these firms. They offer a range of goods to satisfy the needs of mining, infrastructure, manufacturing and construction sectors.