Commercial & Industrial Equipment Rental & Leasing
Brief Excerpt from Industry Overview Chapter:
Companies in this industry rent and lease equipment to commercial and industrial entities for use in business operations. Major companies include AMECO, Herc Rentals, and United Rentals (all based in the US). Other companies include Aggreko, Ashtead Group, and Speedy Hire (all based in the UK), as well as Mitsubishi HC Capital and Tokyo Century Corporation (both based in Japan).COMPETITIVE LANDSCAPE
Demand is driven by business and industrial activity, particularly in?nonresidential construction. The profitability of individual companies depends on the merchandising mix and cost of financing rental inventory. Large companies have economies of scale in buying equipment and having multiple outlets to share equipment. Small companies can compete effectively by providing specialty products for a local market and by offering superior customer service. The US industry is concentrated: the 50 largest firms account for more than 55% of revenue.PRODUCTS, OPERATIONS & TECHNOLOGY
Major rental and leasing product categories are agricultural, construction, mining, and forestry equipment (30% of revenue); commercial and service industry machinery and equipment without operators (28% of revenue); air, rail, and water transportation equipment (18% of revenue) Other rental product categories include machinery; lawn and garden equipment; audio/visual, motion picture, and theatrical equipment; and office equipment and computers.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook