Bucket Truck Rental Market

The bucket truck rental market is experiencing several important trends. One significant trend is the increasing demand for bucket trucks in the construction industry. As construction projects become larger and more complex, contractors are increasingly relying on bucket trucks to reach heights and perform tasks that would otherwise be difficult or impossible. Another trend is the growing popularity of electric bucket trucks. Electric bucket trucks are more environmentally friendly and have lower operating costs than gasoline-powered models. As a result, many companies are switching to electric bucket trucks to reduce their environmental impact and save money.

Additionally, advances in technology are leading to the development of new bucket truck models that are more efficient, versatile, and safer than ever before. These advancements are making bucket trucks even more indispensable to businesses in a wide range of industries.

Stricter environmental regulations and a growing emphasis on sustainability influence the Global Bucket Truck Rental Market Industry. Companies are increasingly required to adopt eco-friendly practices, which often includes utilizing equipment that meets stringent emissions standards. Bucket trucks that are designed with fuel-efficient engines and lower emissions are becoming more sought after in rental fleets. This shift not only helps companies comply with regulations but also appeals to environmentally conscious clients. As a result, the market is likely to see an increase in demand for such equipment, contributing to its overall growth.

The Global Bucket Truck Rental Market Industry is projected to experience substantial growth, with estimates indicating a rise from 5.01 USD Billion in 2024 to 8.31 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.71% from 2025 to 2035. Such projections reflect the increasing reliance on rental services across various sectors, including construction, telecommunications, and utilities. As businesses continue to prioritize cost-effective solutions for accessing elevated work areas, the demand for bucket truck rentals is expected to remain robust, further solidifying its position in the market.

The ongoing expansion of infrastructure projects globally drives demand for the Global Bucket Truck Rental Market Industry. As urban areas continue to grow, the need for maintenance and installation of overhead utilities, such as power lines and street lighting, becomes increasingly critical. For instance, in 2024, the market is valued at 5.01 USD Billion, reflecting the heightened activity in construction and utility sectors. This trend is expected to persist, with projections indicating a market growth to 8.31 USD Billion by 2035, suggesting a robust compound annual growth rate (CAGR) of 4.71% from 2025 to 2035.

Technological innovations in bucket truck design and functionality contribute significantly to the Global Bucket Truck Rental Market Industry. Modern bucket trucks are equipped with advanced safety features, improved fuel efficiency, and enhanced maneuverability, making them more appealing to rental companies and end-users alike. For example, the integration of telematics allows for real-time monitoring of equipment performance, which can reduce operational costs and improve safety. As these technologies become more prevalent, they are likely to attract more businesses to utilize rental services, thereby expanding the market further.

The overall economic recovery and growth in various regions are pivotal drivers for the Global Bucket Truck Rental Market Industry. As economies stabilize and expand, businesses are more inclined to invest in rental services for equipment like bucket trucks to support their operations. This trend is particularly evident in developing regions where infrastructure projects are on the rise. The anticipated growth from 5.01 USD Billion in 2024 to 8.31 USD Billion by 2035 underscores the positive correlation between economic conditions and market demand for bucket truck rentals.

The rising demand for aerial work platforms, particularly in sectors such as telecommunications and construction, propels the Global Bucket Truck Rental Market Industry. As companies seek efficient solutions for accessing elevated work areas, bucket trucks serve as a preferred choice due to their versatility and ease of use. The growth in renewable energy projects, such as wind and solar installations, also necessitates the use of bucket trucks for maintenance and installation tasks. This trend indicates a sustained increase in rental services, aligning with the projected market growth to 8.31 USD Billion by 2035.

The Global Bucket Truck Rental Market is segmented by region into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is expected to continue its dominance during the forecast period. The growth of the North American market can be attributed to the increasing demand for bucket trucks from various industries, including construction, utility, and telecommunications. Europe is the second-largest market for bucket truck rentals, followed by APAC.

The APAC market is expected to grow at the highest CAGR during the forecast period due to the rapid industrialization and urbanization in the region.South America and MEA are expected to witness moderate growth over the forecast period.

Global Bucket Truck Rental Market Segmentation Regional: North America (USD 1.92 billion in 2023, projected to reach USD 2.73 billion by 2032, with a CAGR of 4.3%) Europe (USD 1.24 billion in 2023, projected to reach USD 1.75 billion by 2032, with a CAGR of 4.1%) APAC (USD 0.87 billion in 2023, projected to reach USD 1.41 billion by 2032, with a CAGR of 5.9%) South America (USD 0.32 billion in 2023, projected to reach USD 0.47 billion by 2032, with a CAGR of 5.0%) MEA (USD 0.22 billion in 2023, projected to reach USD 0.34 billion by 2032, with a CAGR of 5.5%) Key Insights: North America is the largest regional market, driven by high demand from construction and utility industries. APAC is expected to grow at the highest CAGR, driven by rapid industrialization and urbanization.

Europe is the second-largest market, with a mature bucket truck rental industry. South America and MEA offer significant growth opportunities due to infrastructure development and increasing investment in construction projects.

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Important brands in the market The major players in the bucket truck rental market are continuously undertaking research and development activities for introducing high productivity-oriented and cost efficient products. The leading players are also deploying strategies such as acquisition, partnership, and mergers to gain an increased market share and to develop innovative product suites. The high demand for aerial work platforms and equipment in the construction sector, telecommunications and utilities sector is the major concern driving the development of the bucket truck rental market.United Rentals, Inc.

United Rentals, Inc. is one of the major market players in the sector of bucket truck rental market, as it is one of the leading construction equipment rental deliverers across the globe. The firm is also continuously focusing on providing training and maintenance services of the equipment to its clients. United Rentals, Inc. is one of the leading bucket truck rental enterprises and delivers support services as well as equipment rentals.

The company is majorly committed to customer satisfaction and offers its products via in-house stores, as well as through services and online sources, to meet the varied requirements of the bucket truck rental market.Herc Rentals Inc. Herc Rentals Inc. is another major player in the bucket truck rental market that engages in renting, servicing, and distribution of aerial work platforms with a sophisticated and diverse rental system across many locations throughout North America.

The enterprise maintains a wide variety of bucket trucks based on the needs of the customers, and the firm also focuses on compliance and safety procedures and government inspections as well as industry standards and regulations.