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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 | Jan 2016

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

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
$34bn
Annual Growth 11-16
3.5%
Annual Growth 16-21
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Profit
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Employment
80,661
Businesses
17,176
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 Analysis Chapter

The Heavy Equipment Rental industry rents out construction, mining and forestry equipment, such as earthmovers, and transportation equipment, such as aircraft and locomotives. Therefore, industry performance largely depends on activities of downstream industries, including transportation and logistics, heavy construction and oil exploration and drilling. The range of downstream businesses using this industry’s aircraft, railcars, ships and drilling machinery generally shelters the overall industry from volatile fluctuations in demand from any one sector. Once the economy began to recover, industry performance followed. As a result, revenue is expected to climb at an annualized rate of 3.5% to $33.9 billion over the five years to 2016... 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


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