KBS - Equipment-as-a-Service - Market Insight

MARKET INSIGHT

• The global EaaS market size was valued at $86.57billion in 2024. It is expected to grow from $94.87 billion in 2025 to $216.16billion by 2034 at a CAGR of 9.6%.

• Government infrastructures have created demand for EaaS. Large-scale projects such as highways and data centres in the US and UK are driving the need for rented equipment. A CBRE report noted a 30% one-year return on listed infrastructure investments in 2024, partly due to easing inflation and rate cuts, which increase demand for equipment on new projects.

• In terms of end-use, the manufacturing end-use segment led the market and accounted for 39.1% of the global revenue share in 2023.

• EaaS has enabled businesses to lease equipment and pay for extra services such as preventative maintenance based on the equipment’s production. Consumers in the construction industry can rent state-of-the-art equipment without heavily investing upfront.

• North America dominated the global market in 2023, accounting for 36.7% of market share. In Europe, Germany held a share of more than 33%.

• The UK’s move towards productivity improvements in construction, the need to replace ageing machinery with greener options, and ongoing labour shortages all support the EaaS model.

The global EaaS market size was valued at $86.57billion in 2024 . It is expected to grow from $94.87billion in 2025 to $216.16 billion by 2034 at a CAGR of 9.6% .