Heavy Equipment Rental in the US - Industry Market Research Report
Description
Heavy Equipment Rental in the US
Companies in heavy equipment rental lease heavy construction and transportation equipment, ranging from excavators to airplanes. The industry's financial performance is subject to trends and activity in an array of downstream markets, including air, sea and rail transportation; highway, street and bridge construction; and oil exploration and drilling. In the years to 2023, increasing activity in downstream markets, particularly air and rail transportation, has supported revenue growth. In 2020, the COVID-19 outbreak caused a contraction in revenue, driven by a decline in industrial activity. Activity largely resumed in 2021 and 2022, caused by increased industrial output. In the years to 2023, revenue increased at a CAGR of 1.3% to $52.6 billion, including a decline of 2.5% in 2023.
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."
Companies in heavy equipment rental lease heavy construction and transportation equipment, ranging from excavators to airplanes. The industry's financial performance is subject to trends and activity in an array of downstream markets, including air, sea and rail transportation; highway, street and bridge construction; and oil exploration and drilling. In the years to 2023, increasing activity in downstream markets, particularly air and rail transportation, has supported revenue growth. In 2020, the COVID-19 outbreak caused a contraction in revenue, driven by a decline in industrial activity. Activity largely resumed in 2021 and 2022, caused by increased industrial output. In the years to 2023, revenue increased at a CAGR of 1.3% to $52.6 billion, including a decline of 2.5% in 2023.
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."
Table of Contents
42 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
