By Don McLoud – Equipment World By Fusable – May 8, 2025
The latest report from EquipmentWatch shows the construction and industrial equipment rental markets continuing a four-year growth trend, with rates also rising – some dramatically.
Average retail rental rates showed a modest increase in the first three months of this year, according to EquipmentWatch’s first-quarter 2025 Rental Rate Report.
However, the report shows some categories of equipment experienced dramatic rate increases, but it notes that such spikes were “driven by classification changes within a major peer-to-peer platform rather than market demand.”
Categories seeing such hikes included dozers (29.53% weekly rates), crawler excavators (25.14% weekly) and forklifts (103.33% weekly).
For other popular categories, average first-quarter weekly rates rose for the following equipment in the U.S. and Canada:
- Compact track loaders – 3.28% increase to $1,349.
- Skid steer loaders – 2.21% increase to $1,124.
- Compact crawler excavators – 0.55% increase to $1,223.
- Wheel loaders – 1.85% increase to $2,751.
- Telehandlers – 12.43% increase to $2,103.
- Single-drum vibratory compactors – 0.61% increase to $1,810.
- Electric scissor lifts – 0.52% increase to $642.