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The Canadian Rental Association (CRA) has forecast continued growth in Canada’s equipment rental industry, with rental revenues projected to rise by 3.4% in 2025 to reach CA$8.5 billion (€5.8 billion), despite economic headwinds and evolving trade dynamics.
The outlook for 2026 is even more positive, with a 4.6% increase anticipated, reflecting what the CRA described as a resilient and dependable industry. By 2029, total rental revenues are forecast to grow to CA$10.5 billion (€7.1 billion).
Melanie Misener, executive director of the CRA, said, “Despite uncertainty in the broader economic landscape, the rental industry remains a dependable and growing sector. “Our members continue to play a vital role in supporting key construction, industrial, and infrastructure projects across the country.”
In terms of segments, construction and industrial equipment rental is forecast to rise by 4.0% in 2025 to CA$6.6 billion (€4.5 billion), driven by non-residential construction activity and increased investment in oil sands. By 2029, this segment is expected to grow to CA$8.2 billion (€5.6 billion).
General tool rental is projected to see more modest growth, rising by 0.9% in 2025. A recovery in 2026 will see growth accelerate to 3.7%, with revenues expected to reach CA$1.8 billion (€1.2 billion) by 2029.
Tent and event rentals are also set to grow steadily, with a 2.5% increase forecast for 2025, rising to 5.5% in 2026. The segment is expected to reach CA$461 million (€312 million) by 2029.
While inflationary pressures and trade policy shifts continue to pose challenges, the CRA said that strong infrastructure spending and ongoing non-residential building activity are helping to sustain demand for rental equipment.
