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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 | Jun 2016

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

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.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • A recovery in downstream markets strengthened demand for heavy equipment
  • An exhaustion of federal stimulus funding eventually hampered industry demand
  • Demand for industry products will rise as operators strive to remain flexible
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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 2021. 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 Locations Chapter

The large financial leasing companies are located in major financial centers such as New York and Chicago. The headquarters of these leasing companies direct operations throughout the nation through a network of branches and associates. In contrast, the rental equipment segment is proportioned according to infrastructure requirements throughout the United States. Equipment must be located near the projects, such as highway and street repair and construction. Combined, the Southeast and Southwest regions account for more than 50.0% of establishments. Based on data from the US Census Bureau's County Business Patterns, the state of Louisiana accounts for 7.9% of establishments, California accounts for 11.6% of establishments and Texas accounts for 17.4%.

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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... purchase to read more


    Industry ProductsRelated Reports

    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

    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 rail transportation
  • Demand from mining (except oil and gas)
  • Demand from oil drilling and gas extraction
  • Current Performance
  • Aircraft demand
  • Railcars demand
  • Heavy machinery 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
  • Other equipment and services
  • 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
  • Internal
  • External
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heavy Equipment Rental Industry
  • Industry Globalization
    Major Companies
    United Rentals Inc.
    Sunbelt Rentals
    General Electric Company
  • Table: United Rentals Inc. - financial performance
  • Table: Sunbelt Rentals - financial performance
  • Table: General Electric Company - 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
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Value of construction (2007-2021)
  • 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 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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