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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Starting a New Business Chapter

Barriers to entry in the aircraft and railroad leasing segments are formidable. The need to finance high-cost items such as aircraft, locomotives and railcars is a natural barrier to entry. Leasing companies also need considerable backing from investors. Investors are attracted to the industry when operators demonstrate good knowledge of the industry they are supplying equipment to. Therefore, knowledge of user industries is crucial for successful operations. In the construction equipment rental segment, larger operators can purchase equipment based on volume discounts and raise cheaper funds based on their sheer buying power, thus, leveraging economies of scale and making entry for smaller players more difficult... 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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