New lease: Industry operators will benefit from improving manufacturing and construction activity

Over the five years to 2017, growth in industrial production, coupled with a buoyant healthcare market, pushed the industry to new heights. The industry's reliance on heavy industry and manufacturing, as well as its diverse product offerings, ties its performance to the health of the overall US economy. When businesses grow or expand, the need for new retail and industrial spaces stimulates demand from contractors who rent equipment for carpet installation, woodworking, door manufacturing, carpet cleaning and other activities. Manufacturers also rent industrial machinery to increase capacity when demand calls for it...read more.

Industry Statistics & Market Size
Revenue
$37bn
Annual Growth 12-17
7.2%
Forecast Growth 17-22
Profit
Employment
109,710
Businesses
9,271
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Growth in industrial production, coupled with a buoyant healthcare market, pushed the industry to new heights
  • The nonresidential construction market substantially influences the equipment rental industry
  • Contractors will continue to demand rental equipment instead of purchasing it up front
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into the industry are moderate; the market is highly fragmented with little concentration of ownership, and companies are not required to have any licenses or certifications to operate. However, new entrants experience with several challenges, including accessing capital for new equipment purchases and sustaining the purchasing power necessary to maintain and operate a fleet.Companies with greater purchasing power are able to provide customers with a broader range of equipment and services and with greater flexibility in the transfer of equipment among locations in response to, and in anticipation of, customer demand. Companies with large and diverse rental fleets can better serve customers that require large quantities or wide varieties of equipment. New...purchase to read more.

    Additional Insights for the Industrial Equipment Rental & Leasing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Equipment Rental & Leasing 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 and Industrial production index in the Industrial Equipment Rental & Leasing industry impact industry performance..

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    What is the Industrial Equipment Rental & Leasing Industry?

    This industry includes establishments that primarily rent or lease nonconsumer machinery and equipment (except heavy construction, transportation, mining and forestry machinery and office equipment).

    Industry Products
  • General industrial equipment rental
  • Light construction equipment rental
  • Medical equipment rental
  • Audiovisual equipment rental
  • Industrial energy equipment and pumps rental
  • Theatrical and motion picture rental
  • Retail sales, product delivery and repair
  • Rental of other products
  • 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
  • Industrial production index
  • Demand from hospitals
  • Yield on 10-year Treasury note

  • Current Performance
  • Economic conditions
  • Mixed market demand
  • Entertainment and healthcare
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction, government and healthcare markets improve
  • Consolidation constrains expansion
  • Table: Industrial Equipment Rental & Leasing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Equipment Rental & Leasing 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
  • General industrial equipment rental
  • Light construction equipment rental
  • Audiovisual equipment rental
  • Medical equipment rental
  • Industrial energy equipment and pumps rental
  • Retail sales, product delivery and repair
  • Theatrical and motion picture rental
  • Rental of other products
  • Chart: Industrial Equipment Rental & Leasing Industry Products and Services Segmentation

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitDepreciationPurchasesWagesRent and utilities Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Equipment Rental & Leasing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Industrial Equipment Rental & Leasing Industry

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial Equipment Rental & Leasing 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 Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Industrial Production Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Lease
  • A contract granting use of property during a specified period in exchange for a specified rent.
  • Nonemployer
  • An individual operator with one location and no paid staff.
  • 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?

    IBISWorld’s industry research report on Industrial Equipment Rental & Leasing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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

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