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 markets, including air, sea and rail transportation; highway, street, tunnel and bridge construction; and oil exploration and drilling. Additionally, general economic conditions, such as interest rates, unemployment and disposable income, play an important role in determining demand for the industry's products. Over the five years to 2019, revenue growth was particularly strong as construction markets grew strongly. Over the five years to 2024, improved demand from downstream transportation and mining sectors are expected to boost industry performance. Additionally, while the construction sector's growth is expected to slow, continued expansion 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 aircrafts, 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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