Turkey Construction Equipment Rental Market to Grow with a CAGR of 6.99% through 2030
Rising infrastructure investments, increasing demand for
cost-effective machinery access, and a growing preference for flexible
short-term rentals are the factors driving the market in the forecast period
2026–2030.
According to TechSci Research report, “Turkey
Construction Equipment Rental Market – By Region, Competition,
Opportunities and Forecast, 2020-2030F”, The Turkey Construction
Equipment Rental Market was valued at USD 1.38 Billion in 2024 and is expected
to reach USD 2.07 Billion by 2030 with a CAGR of 6.99% during the forecast
period.
The Turkey construction equipment rental market is
undergoing transformation, shaped by fluctuating economic conditions, tightened
financing access, and rising project diversification across energy, mining, and
urban redevelopment. A significant factor supporting rental growth is the
elevated cost of machine maintenance and insurance, which has made short- and
mid-term equipment rental a more financially viable solution for firms trying
to preserve working capital. In parallel, labor shortages and the need for
faster equipment replacement cycles are pushing contractors to prioritize
reliable, well-maintained rental fleets over older owned machinery that incurs
higher downtime.
Growth is also being supported by the expansion of
private-public partnership (PPP) projects in sectors such as highways,
airports, and social infrastructure, where timelines and specifications demand
project-ready machinery available on demand. Seasonal variations in demand due
to weather-sensitive projects, especially in the Black Sea and Eastern Anatolia
regions, are leading to increased short-term rentals rather than long-term
ownership. Another noteworthy aspect is the rising participation of smaller contractors
and subcontractors who benefit from renting niche or high-spec equipment that
would otherwise be unaffordable to purchase outright.
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Turkey Construction Equipment Rental Market Is Segmented
by Equipment Type, End-User, and Region.
In
2024, the excavator segment recorded the fastest growth in Turkey’s
construction equipment rental market. The rising need for efficient earthmoving
and site preparation in both urban and rural development projects elevated
demand for this category. Excavators offered unmatched versatility in digging,
trenching, and demolition tasks, making them highly preferred across short- to
medium-term rental contracts. Their ability to operate across variable terrains
and project scales boosted utilization rates. Contractors favored rental over
purchase due to cost advantages and greater fleet flexibility, especially amid
fluctuating project durations. Advancements in hydraulic efficiency and
improved operator controls further enhanced appeal, leading rental providers to
expand excavator fleets more aggressively than any other equipment type.
Among the listed regions, the Central Anatolia Region
experienced the fastest growth in equipment rental demand during 2024. A surge
in infrastructure investments, coupled with new industrial zones and housing
developments, intensified the use of rental machinery across this region. The
area’s strategic location and transport corridor projects required consistent
access to machinery, with excavators playing a key role in foundational and
excavation phases. The growth in construction activity across multiple cities
in Central Anatolia resulted in a significant uptick in rental contracts,
driving the region ahead of others in year-on-year growth.
Major Market Players Operating in Turkey Construction
Equipment Rental Market Are:
- Hareket
Makine ve İnşaat Sanayi ve Ticaret A.Ş.
- Doğuş
İnşaat Makinaları Kiralama ve Sanayi Ticaret A.Ş.
- Aykon
Makina Kiralama ve Sanayi Ticaret A.Ş.
- Gülermak
Ağır Sanayi İnşaat ve Makine Kiralama A.Ş.
- SANY
Turkey
- Liebherr
Turkey
- Körfez
Makina Sanayi ve Ticaret A.Ş.
- Temsa
Global
- MNG
Construction Equipment
- VBG
Makina ve İnşaat Sanayi ve Ticaret A.Ş.
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“The integration of telematics into rented construction equipment is transforming fleet management by providing real-time data on machine performance, location, and usage. This technology enables rental providers and contractors to track operational efficiency, reduce unplanned downtime, and schedule preventive maintenance more effectively. Telematics systems collect a wide range of metrics including fuel consumption, engine hours, geofencing alerts, and fault codes, which help users optimize machine deployment and detect early signs of mechanical issues. For rental firms, this data supports better asset utilization, informed inventory planning, and enhanced customer support. Contractors benefit by gaining visibility into how machines are used across different jobsites, ensuring accountability, and improving safety compliance. The use of telematics also helps with accurate billing based on actual machine usage rather than flat-rate rentals, which aligns financials with productivity”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“Turkey Construction Equipment Rental Market By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Diesel Genset, Motor Grader and Telescopic Handler, Others), By End-User (Oil & Gas, Construction, Infrastructure, Manufacturing, Others), By Region, Competition, Opportunities and Forecast, 2020-2030F”, assesses
the market's future growth potential and provides data on market size, trends,
and forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Turkey
Construction Equipment Rental Market.
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