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Heavy Equipment Rental in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Heavy Equipment Rental Market Research Report | NAICS 53241 | Oct 2014

Dragline: Improving downstream markets will shelter the industry from volatile fluctuations in demand

IBISWorld’s Heavy Equipment Rental market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 09-14
4.3%
Annual Growth 14-19
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Profit
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Employment
77,944
Businesses
19,578
Industry Analysis & Industry Trends

The range of downstream businesses that use this industry's aircraft, railcars, ships and drilling machinery generally shelters the overall industry from volatile fluctuations in demand from any one sector; however, the recession's momentous impact on the entire economy overwhelmed the industry's resilience, leading to revenue declines. Downstream demand will prove to be a strong driver of industry performance in the five years to 2019. The industry will particularly benefit from a revival in demand from the transportation and construction industries; as disposable income and corporate profit rise, demand for aircraft will also improve... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Heavy Equipment Rental industry is fragmented with the four biggest players accounting for an estimated 30.0% of the industry's 2014 revenue. The remainder of the market is contested by a vast number of smaller players that operate in geographically dispersed or specialist markets. The majority of these companies are nonemployers who include individuals that rent out their own equipment. However, nonemployers only make up little more than 10.0% of industry revenue.

Over the five years to 2014 the industry has gone through consolidation. The recession and subsequent drop in construction and transportation activity forced many players to exit the industry. Meanwhile, larger players were better able to weather the decline in demand and take advantage of industry recovery... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Heavy Equipment Rental Industry?

Industry operators are involved in renting or leasing heavy construction, off-highway transportation, mining and forestry machinery, and equipment without operators. Operators in this industry may rent or lease products including aircraft, railcars, steamships, tugboats, bulldozers, earthmoving equipment, cranes or well-drilling machinery and equipment.

Industry Products
Air transportation equipmentRail transportation equipmentWater transportation equipmentCommercial and industrial equipmentConstruction, mining and forestry equipment Other equipment and services
 
Industry Activities
Aircraft rental or leasingBarge rental or leasingBoat, ship and steamship rental or leasing Railcar rental or leasingTanker rental or leasingTowboat and tugboat rental or leasingForestry and logging machinery and equipment rental or leasingHeavy construction equipment rental Mining machinery and equipment rental or leasingOil field machinery and equipment rental or leasing


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