Mobile Menu

Industrial Equipment Rental & Leasing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON53249CA

Industrial Equipment Rental & Leasing in Ontario industry analysis

Revenue for the Industrial Equipment Rental & Leasing industry in Ontario is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

Unbiased research for even more industries at your fingertips

  • 5000+Industries covered
  • 100+Local analysts
  • 250k+Hours of detailed analysis
  • 100k+Subscriber community

Purchase a membership to access this industry and so much more.

About the Industrial Equipment Rental & Leasing in Ontario Market Research Report

What’s Included in the Industrial Equipment Rental & Leasing in Ontario Market Research Report

Definition of the Industrial Equipment Rental & Leasing in Ontario?

The Industrial Equipment Rental and Leasing industry in Canada rents and leases a variety of equipment used in manufacturing, metalwork, carpentry, agriculture, telecommunications, healthcare and entertainment operations. The industry also rents pumps, generators and other power equipment. The rental of heavy construction equipment, such as aerial lifts, forklifts, earthmovers and mining machinery, is not included in this industry.

What’s included in the Industrial Equipment Rental & Leasing in Ontario?

The Industrial Equipment Rental & Leasing in Ontario includes industrial equipment, light construction equipment, medical equipment, entertainment and audiovisual equipment and power and energy equipment. Related terms covered in the Industrial Equipment Rental & Leasing in Ontario industry report includes a contract granting use of property during a specified period in exchange for a specified rent, a payment made at specified intervals in return for the right to use the property of another and an individual operator with one location and no staff.

Industry Performance of the Industrial Equipment Rental & Leasing industry in Ontario

Benchmark the Industrial Equipment Rental & Leasing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Industrial Equipment Rental & Leasing in Ontario

#1 in Highest Revenue 33.4% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Industrial Equipment Rental & Leasing in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Industrial Equipment Rental & Leasing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, value of nonresidential construction, industrial capacity utilization and total health expenditure are impacting Industrial Equipment Rental & Leasing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Value of nonresidential construction
Industrial capacity utilization
Total health expenditure

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Industrial Equipment Rental & Leasing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Industrial Equipment Rental & Leasing in Ontario, such as Toronto, Ottawa - Gatineau and Hamilton. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Industrial Equipment Rental & Leasing industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

Need a deeper insight?
Get a free tour.

Free Tour

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Industrial Equipment Rental & Leasing industry in Ontario in 2025?

The market size of the Industrial Equipment Rental & Leasing industry in Ontario is $1.9bn in 2025.

How many businesses are there in the Industrial Equipment Rental & Leasing industry in Ontario in 2025?

There are 881 businesses in the Industrial Equipment Rental & Leasing industry in Ontario, which has been declining at an average annual rate of -0.4% from 2020 to 2025.

Has the Industrial Equipment Rental & Leasing industry in Ontario grown or declined over the past 5 years?

The market size of the Industrial Equipment Rental & Leasing industry in Ontario has been growing at an average annual rate of 4.4% from 2020 to 2025.

How many employees in the Industrial Equipment Rental & Leasing industry in Ontario in 2025?

There are 4,216 employees in the Industrial Equipment Rental & Leasing industry in Ontario, which has been growing at an average annual rate of 4.3% from 2020 to 2025.