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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 | Jul 2014

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

IBISWorld’s Heavy Equipment Rental market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Investment Chapter

The Heavy Equipment Rental industry exhibits a high level of capital intensity. IBISWorld estimates that for every dollar spent on labor in 2014, $1.36 will be spent on capital. Capital intensity is high because firms are required to purchase expensive equipment and tools. In addition to initial purchases, operators must consistently replace existing equipment with newer models as products wear down. Replacement purchases are also supported by technological changes, as newer equipment is consistently developed by product manufacturers. The transportation segment in particular is capital intensive. For example, aircraft leasing companies can manage a portfolio of over a 1,000 aircraft worth billions of dollars, while having only about 500 staff... 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
 
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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