SEARCH   
MEMBER LOGIN    

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 | Apr 2015

Well equipped: Stabilized industrial demand will drive steady, moderate growth

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
$36bn
Annual Growth 10-15
5.9%
Annual Growth 15-20
Add to Cart
Profit
Add to Cart
Employment
77,921
Businesses
18,000
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 2020. 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 21.6% of the industry's 2015 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 less than 10.0% of industry revenue.

Over the five years to 2015 the industry has experienced consolidation. The 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 rent or lease 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


View Sample
Quote
Select Clients