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Heavy Equipment Rental in Rhode Island

Author.Name IBISWorld United States Last Updated: August 2025 NAICS RI53241

Heavy Equipment Rental in Rhode Island industry analysis

The Heavy Equipment Rental industry in Rhode Island is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Heavy Equipment Rental in Rhode Island Market Research Report

What’s Included in the Heavy Equipment Rental in Rhode Island Market Research Report

Definition of the Heavy Equipment Rental in Rhode Island?

Industry operators rent or lease heavy construction, off-highway transportation, mining and forestry machinery and equipment without attached labor. Companies in this industry may rent or lease products, including aircraft, railcars, steamships, tugboats, bulldozers, earthmoving equipment, cranes or well-drilling machinery and equipment.

What’s included in the Heavy Equipment Rental in Rhode Island?

The Heavy Equipment Rental in Rhode Island includes air transportation equipment, rail transportation equipment, water transportation equipment, commercial and industrial equipment and construction, mining and forestry equipment. Related terms covered in the Heavy Equipment Rental in Rhode Island industry report includes a type of lease in which the lessee only uses the asset for some of the asset's life, 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 and a system designed to minimize costs and assist owners with procurement and maintenance decisions throughout the life of an asset.

Industry Performance of the Heavy Equipment Rental industry in Rhode Island

Benchmark the Heavy Equipment Rental in Rhode Island industry performance with all RI county and national performance.

Heavy Equipment Rental in Rhode Island

#47 in Highest Revenue 0.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Heavy Equipment Rental in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

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

Key Drivers of the Heavy Equipment Rental industry in Rhode Island

See how key industry drivers, such as population, private investment in residential construction, house price index, value of construction, industrial production index and private investment in industrial equipment and machinery are impacting Heavy Equipment Rental in Rhode Island

Rhode Island Economic Indicators

Population
Private Investment in Residential Construction
House Price Index

View more economic information in RI State Economic profile

US Key External Drivers

Value of construction
Industrial production index
Private investment in industrial equipment and machinery

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

County Data of the Heavy Equipment Rental industry in Rhode Island

Access proprietary data on county in the Heavy Equipment Rental in Rhode Island, such as Providence County, Kent County and Washington County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Heavy Equipment Rental industry in Rhode Island

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

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Top Questions Answered in this Report

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What is the market size of the Heavy Equipment Rental industry in Rhode Island in 2025?

The market size of the Heavy Equipment Rental industry in Rhode Island is $53.0m in 2025.

How many businesses are there in the Heavy Equipment Rental industry in Rhode Island in 2025?

There are 23 businesses in the Heavy Equipment Rental industry in Rhode Island, which has been declining at an average annual rate of -2.4% from 2020 to 2025.

Has the Heavy Equipment Rental industry in Rhode Island grown or declined over the past 5 years?

The market size of the Heavy Equipment Rental industry in Rhode Island has been declining at an average annual rate of -8.3% from 2020 to 2025.

How many employees in the Heavy Equipment Rental industry in Rhode Island in 2025?

There are 223 employees in the Heavy Equipment Rental industry in Rhode Island, which has been growing at an average annual rate of 5.8% from 2020 to 2025.