Well-equipped: Operators will benefit from accelerating nonresidential construction

Operators in the Industrial Equipment Rental and Leasing industry in New York provide the same variety of products as the industry at the national level. However, the state industry is largely dependent on the performance of downstream in-state industries, which drive the makeup of its products and markets. More so than related wholesale and manufacturing industries, rental and leasing are tied to local demand. As a result, industry operators typically locate their establishments, specialize and stock their inventory based on demand in a narrow regional band. While construction markets have been particularly strong in New York, manufacturing and other industrial activities have faltered...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
6.4%
Forecast Growth 17-22
Profit
Employment
3,520
Businesses
409
What Our Customers Say

Industry Threats & Opportunities

  • While construction markets have been particularly strong in New York, manufacturing and other industrial activities have faltered
  • A state ban on high-volume hydraulic fracturing is expected to restrain demand from gas industries
  • The New York industry is expected to outpace its national counterpart
  • Industry Report - Industry SWOT Analysis Chapter

    ***This section is not used for US State reports.***Only set Reasons & Level!...purchase to read more.

    Additional Insights for the Industrial Equipment Rental & Leasing in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Equipment Rental & Leasing in New York Industry are

  • Ability to control stock on hand
  • Ability to raise revenue from additional sources
  • Superior financial and debt management
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction in New York and Manufacturing GDP for New York in the Industrial Equipment Rental & Leasing in New York industry impact industry performance..

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    What is the Industrial Equipment Rental & Leasing in New York Industry?

    Operators in this industry primarily rent or lease trucks, utility trailers and semitrailers without drivers. Purchasing and lease-to-own arrangements of these vehicles are excluded from this industry. Operators that rent or lease industrial trucks and equipment, including forklifts, are covered in the Heavy Equipment Rental Industry (IBISWorld report 53241).

    Industry Products
  • General industrial equipment rental
  • Theatrical and motion picture rental
  • Industrial energy equipment and pumps rental
  • Audio/visual equipment rental
  • Medical equipment rental
  • Light construction equipment rental
  • Retail sales, product delivery and repair
  • Industry Activities
  • Renting or leasing agricultural machinery and equipment
  • Renting or leasing carpentry equipment
  • Renting or leasing carpet and rug-cleaning equipment
  • Renting or leasing furniture
  • Renting or leasing generators
  • Renting or leasing industrial trucks
  • Renting or leasing medical equipment (except home health furniture and equipment)
  • Renting or leasing pallet and skid
  • Renting or leasing telecommunications equipment
  • Renting or leasing theatrical and motion picture equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction in New York
  • Manufacturing GDP for New York
  • Total health expenditure in New York
  • Value of Residential Construction in New York

  • Current Performance
  • In-state revenue factors
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction forecasts
  • Industry structure
  • Table: Industrial Equipment Rental & Leasing in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Equipment Rental & Leasing in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Construction
  • Metalworking Machinery Manufacturing
  • Cabinet & Vanity Manufacturing
  • Healthcare and Social Assistance
  • Arts, Entertainment and Recreation

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing
  • Construction Machinery Manufacturing
  • Data Processing & Hosting Services
  • Medical Instrument & Supply Manufacturing
  • Tractors & Agricultural Machinery Manufacturing

  • Products & Services
  • Light construction equipment rental
  • General industrial equipment rental
  • Audio/visual equipment rental
  • Medical equipment rental
  • Theatrical and motion picture rental
  • Industrial energy equipment and pumps rental
  • Retail sales, product delivery and repair
  • Other
  • Chart: Industrial Equipment Rental & Leasing in New York Industry Products and Services Segmentation

  • Major Markets
  • Construction markets
  • Entertainment and audiovisual markets
  • Other markets
  • Heavy industry and manufacturing markets
  • Healthcare markets
  • Chart: Major Market Segmentation for the Industrial Equipment Rental & Leasing in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitDepreciationPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Equipment Rental & Leasing in New York

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Industrial Equipment Rental & Leasing in New York Industry

  • Aggreko PLCHerc Holdings Inc.Sunbelt RentalsUnited Rentals Inc.
  • Table: Aggreko PLC - financial performance
  • Table: Herc Holdings Inc. - financial performance
  • Table: Sunbelt Rentals - financial performance
  • Table: United Rentals Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial Equipment Rental & Leasing in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Industrial Equipment Rental & Leasing in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of private nonresidential construction in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Hydraulic Fracturing
  • A gas well extraction method where bedrock is fractured with high pressure liquids.
  • Lease
  • A contract granting use of property during a specified period in exchange for a specified rent.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another.
  • Rent
  • A payment made at specified intervals in return for the right to use the property of another.
  • Why buy this report?

    The Industrial Equipment Rental & Leasing in New York industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Industrial Equipment Rental & Leasing in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Industrial Equipment Rental & Leasing in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Industrial Equipment Rental & Leasing in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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