Industrial Equipment Rental & Leasing in Canada
The Industrial Equipment Rental and Leasing industry services a variety of clients in the industrial, commercial, entertainment and healthcare sectors, insulating the overall industry from fluctuations in demand from any one market. Over the past five years, economic recovery and low interest rates have propelled investment in most industrial and commercial sectors, spurring demand for rental and leasing services and causing rental prices to rise. Both the healthcare sector and entertainment sector also regularly rent equipment to remain up-to-date with technology and to replace any out-of-date equipment. Demand from these markets has kept industry profit high. Moving forward, the industry is expected to continue to benefit from improving conditions in the industrial, construction and commercial markets and from the growing popularity of rented equipment.
This industry rents and leases a variety of equipment used in manufacturing, metalwork, carpentry, agriculture, telecommunications, healthcare and entertainment operations. The industry also rents pumps, generators and other power equipment. The rental of heavy construction equipment, such as aerial lifts, forklifts, earthmovers and mining machinery, is not included in this industry.
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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