Top 10 rental companies in the world

IRN-100 Photo: KHL Group

International Rental News has published its list of the top 100 rental companies in the world. Based on rental revenues for 2022, the table considers sales of used fleet and consumables/contractor supplies.

In total, the top 100 companies posted €66 billion in revenues, with the North American market, which represents almost half of the list, performing particularly well.  

In terms of the top 10, collectively they generated over €30 billion last year, and almost half of the list in its entirety. So, who are the top 10 in this year’s IRN100?

Top 10 largest rental companies in the world

10. Kanamoto

Kicking off the top 10 largest rental companies in the world is Japanese company Kanamoto with revenues of €1.3 billion. The company is one of two inside the top 10 that has seen revenues decrease from last year’s list, in which they posted €1.4 billion. As a result, Kanamoto drops two places this year.

9. Boels Rental
Cramo HQ Photo: Boels Rental

Dutch company Boels Rental saw its revenues in 2022 hit almost €1.5 billion and invested €551 million on mostly new rental equipment. This was enough for it to not only remain in the top 10, but rise one place to 9. 

8. Modulaire

With estimated revenues of €1.7 billion (up from €1.4 billion last time out), London-based Modulaire also rises one place on the IRN100. The company, which operates as Algeco in Europe and Scandinavia, was boosted by a number of acquisitions.

7. Willscot Mini Mobile

Modular building supplier WillScot Mobile Mini Holdings Corp saw a healthy rise of over €300 million when compared with the last IRN100, and also invested €371 million in its fleet.

2022 saw the modular building specialist expand through acquisitions and increase its offering of blast resistant modules.

6. Aggreko

Although Aggreko drops down one place, the company saw an increase in revenue in 2022 as it hit the €2 billion mark (up by €100 million). As well as being in the top 10 for revenue, it also placed in the top 10 for spend on fleet having invested €309 million.

Last year saw the company open up its green rental depot as part of the £4.5 million expansion, while it also acquired UK-based load bank manufacturer and rental company Crestchic.

5. Aktio Holdings Corp

Despite a drop in revenue, perhaps due to a weaker Yen, Aktio remains inside the top five but drops down two places. Its €2.3 billion is down slightly from 2021, but is enough for it to remain the top Asia-based company.

North America leads charge in rising IRN100 revenues Largest 100 rental companies in the world generated revenues of €66 billion in 2022
4. Loxam

Another non-mover, France-based Loxam saw its revenues increase to €2.4 billion, up from €2.2 billion in 2021.

Backed up by several acquisitions, including the deal to buy Portuguese rental company HR Equipamentos from Group GHP Investimentos, Loxam is the highest Europe-based company inside the top 10.

3. Herc Rentals
Herc Rentals moved up three places this year. (Photo: Herc Rentals)

Moving up three places from 2022, Herc can lay claim to be the biggest mover inside the top 10 this year, with its €2.5 billion rental revenues enough to break into the top three.

Out of the top 10 companies in the IRN100, Herc saw the biggest growth in 2022, with the 32% it posted enough to place it in fifth out of the top 100 overall. 

2. Ashtead Group 

Ashtead Group consolidates its place in second in the IRN100 having posted revenues of just over €8 billion in 2022, up by almost €1.8 billion.

The company also stood by its pledge to invest in its fleet. The €2.4 billion it invested in 2022 is only surpassed by the company in first place, with which it closed the gap on this year.

1. United Rentals
United’s purchase of Ahern was not a factor in the IRN100 this year. (Photo: United Rentals)

US-based United Rentals maintains its hold on first place having posted revenues of €9.4 billion last year, a healthy increase on the €8.1 billion it posted in the previous IRN100.

The company, which recently announced record results for Q1 of 2023, also placed in first for fleet investment having spent €3.1 billion. The company’s purchase of Ahern Rentals came too late to have any impact on this year’s IRN100, but will likely be a factor next year. 


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Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: [email protected]
Lewis Tyler
Lewis Tyler Editor Tel: 44 (0)1892 786285 E-mail: [email protected]