Heavy Equipment Rental in the US
The Heavy Equipment Rental 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 2018, 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 2023, improved demand from downstream transportation and mining sectors will boost industry performance. Additionally, while the construction sector's growth is expected to slow, continued strength should drive new leasing.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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