Solid foundation: Rising demand from the construction market supports a positive growth trend

IBISWorld’s Heavy Equipment Rental market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • A recovery in downstream markets strengthened demand for heavy equipment
  • Demand from rail transportation is expected to lessen due to commodity price declines
  • Demand for industry products will rise as operators strive to remain flexible

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    Industry Analysis & Industry Trends

    The industry's financial performance is subject to trends and activity in an array of downstream industries, including air, sea and rail transportation; highway, street, tunnel and bridge construction; and oil exploration and drilling. Over the five years to 2017, overall growth in the economy, which has supported significant growth in construction and industrial activity, has supported industry revenue. Though the revenue growth figure is dampened slightly by particularly high growth just prior to the five-year period, the relatively slow growth is largely due to commodity price pressures that restricted revenue later in the period. Over the five years to 2022, improved demand from downstream transportation and mining sectors will boost industry performance...

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    Industry Report - Industry Key Buyers Chapter

    The Heavy Equipment Rental industry is fragmented with the four largest players accounting for an estimated 25.9% of the industry's 2017 revenue. The remainder of the market is contested by a large number of smaller players that operate in geographically dispersed or specialist markets. The majority of these companies are small operators who include who rent out their own equipment. According to Census reporting, nearly 90.0% of enterprises are single unit operations. These are operations that function out of one location. However, an estimated 75.0% of revenue is generated by the much smaller set of multiunit enterprises.

    Over the five years to 2017, the industry experienced consolidation. Lar..

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    Additional Insights for the Heavy Equipment Rental Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heavy Equipment Rental Industry are

  • Ability to effectively manage risk
  • Ability to alter goods and services produced in favor of market conditions
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Value of construction and Demand from air transportation in the Heavy Equipment Rental industry impact industry performance..

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    Industry Products

    What is the Heavy Equipment Rental Industry?

    Industry operators rent or lease heavy construction, off-highway transportation, mining and forestry machinery and equipment without attached labor. 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 equipment
    Rail transportation equipment
    Water transportation equipment
    Commercial and industrial equipment
    Construction, mining and forestry equipment
    Industry Activities
    Aircraft rental or leasing
    Barge rental or leasing
    Boat, ship and steamship rental or leasing
    Railcar rental or leasing
    Tanker rental or leasing
    Towboat and tugboat rental or leasing
    Forestry and logging machinery and equipment rental or leasing
    Heavy construction equipment rental
    Mining machinery and equipment rental or leasing
    Oil field machinery and equipment rental or leasing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of construction
  • Demand from air transportation
  • Demand from oil drilling and gas extraction
  • Demand from rail transportation
  • Demand from iron ore mining

  • Current Performance
  • Heavy machinery demand
  • Railcars demand
  • Aircraft demand
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving downstream demand
  • Industry expansion
  • Table: Heavy Equipment Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heavy Equipment Rental Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Logging
  • Oil Drilling & Gas Extraction
  • Bridge & Elevated Highway Construction
  • International Airlines
  • Domestic Airlines
  • Rail Transportation
  • Ocean & Coastal Transportation
  • Commercial Building Construction
  • Road & Highway Construction
  • Road & Highway Maintenance

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing
  • Boat Building
  • Construction Machinery Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Ship Building
  • Train, Subway & Transit Car Manufacturing

  • Products & Services
  • Construction, mining and forestry equipment
  • Air transportation equipment
  • Commercial and industrial equipment
  • Rail transportation equipment
  • Water transportation equipment
  • Chart: Heavy Equipment Rental Industry Products and Services Segmentation

  • Demand Determinants
  • Air travel and transportation
  • Construction sector
  • Mining and forestry
  • Commercial and industrial activity
  • Advantages of renting and leasing

  • Major Markets
  • Construction, industrial, mining and forestry operations
  • Transportation operations
  • Chart: Major Market Segmentation for the Heavy Equipment Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Rent, Utilities and Marketing
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Heavy Equipment Rental

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heavy Equipment Rental Industry

  • Industry Globalization
    Major Companies
    United Rentals Inc.Sunbelt Rentals
  • Table: United Rentals Inc. - financial performance
  • Table: Sunbelt Rentals - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Heavy Equipment Rental Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Heavy Equipment Rental Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Finance Lease
  • A type of lease in which the lessee has use of the asset throughout most of its economic life and beyond. A nominal residual payment is common at the end of the lease term to assume ownership.
  • Operating Lease
  • A type of lease in which the lessee only uses the asset for some of the asset's life.
  • Whole-Of-Life Costing System
  • A system designed to minimize costs and assist owners with procurement and maintenance decisions throughout the life of an asset.
  • Why buy this report?

    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 Heavy Equipment Rental:
    • 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 Heavy Equipment Rental 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 Heavy Equipment Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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