Who are the top 10 largest rental companies is Europe?

By Lewis Tyler27 July 2023

IRN100 updated logo 2

Published in June, the IRN100 revealed the top 100 rental companies in the world, with companies in North America leading the way with growth of 14.9% between 2021 and 2022.

That being said, the survey also revealed healthy growth for some Europe-based companies, with four of the top 10 in the growth league all based in Europe.

So, with combined rental revenues of more than €10 billion, who are the 10 largest equipment rental companies in Europe?

Top 10 largest rental companies is Europe
10: Mammoet Holding (€600 million)

Despite dropping down two places, Netherlands-based Mammoet remains inside the top 10 thanks to estimated revenues of €600 million, up from €500 million in 2021 and a 20% increase. 

9: Group Monnoyeur Rental (€621 million)

Group Monnoyeur Rental reported rental revenues of €621 million (28% increase) for 2022, up from the €483 million it posted in the last IRN100. Since then, it has expanded through a number of acquisitions.

8: Mateco (€630 million)

The fastest growing company on this list, Mateco posted rental revenues of €630 million last year, up by 34% from €469 million in 2021. That’s enough for it to move from 10 to 8 on this year’s list. 

7: Sarens (€651 million)
The Zeppelin Rental stand at Bauma. (PHOTO: Zeppelin)

Belgium-based Sarens, which is once again 100% owned by the Sarens family, saw an increase in rental revenues of 13% in 2022 and reported a final figure of €651 million.

6: Zeppelin Rental (€666 million)

With revenues of €666 million (a 15% increase), Zeppelin Rental is a non-mover in the European table.

According to the company, its success in 2022 was demonstrated at Bauma, in which it received orders worth over €70 million - double the figure it achieved at Bauma 2019. 

5: Kiloutou (€1 billion)

Becoming the fifth Europe-based company on the IRN100 to achieve rental revenues of €1 billion or more, Kiloutou retains its place in the top five.

The company also sits joint seventh on the growth league thanks to a 29% rise in rental revenues since 2021.

4: Boels Rental (€1.4 billion)
Boels also finished fifth in the investment table. (Photo: Boels Rental)

2022 was a year in which Boels Rental reported an 11% increase in its revenues to almost €1.5 billion.

According to the company, it saw growth “in all geographical markets and across the board of market segments, including construction, infrastructure and industry.”

Boels also finished in fifth in the list of biggest investors, having invested €551 million on “broadening and expanding” its rental equipment range.

3: Modulaire (€1.7 billion)

The IRN100 estimates rental revenues of €1.7 billion for Modulaire, which has enabled it to extend the gap between third and fourth. According to the company, much of that growth was driven by acquisitions. 

2: Aggreko (€2 billion)

The IRN100 survey revealed that Scotland-based Aggreko broke past the €2 billion mark in 2022, having just fallen shy of the number last year when it posted revenues of €1.9 billion. The company was boosted by the creation of an energy transition unit.

1: Loxam (€2.4 billion)
Signing the green loan agreement: Pictured left, Ambroise Fayolle, EIB Vice-President; pictured at right - Gérard Déprez, CEO of the Loxam Group. (Photo: Loxam.) Signing the green loan agreement: Pictured left, Ambroise Fayolle, EIB Vice-President; pictured at right - Gérard Déprez, CEO of the Loxam Group. (Photo: Loxam.)

Retaining its place as the top Europe-based rental company, Loxam posted rental revenues of €2.4 billion in 2022, a year in which it was boosted by purchases in Spain, France and Portugal.

The company also secured a €130 million ‘green loan’ from the European Investment Bank (EIB), which will enable it “to accelerate the electrification and greening” of its fleet.

To see the full IRN100 click here.

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Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
Lewis Tyler
Lewis Tyler Editor Tel: 44 (0)1892 786285 E-mail: lewis.tyler@khl.com