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Industrial Equipment Rental & Leasing in Canada - Industry Market Research Report

Publisher IBISWorld
Published Apr 16, 2025
Length 38 Pages
SKU # IBSS20010298

Description

Industrial Equipment Rental & Leasing in Canada

Canada's Industrial Equipment Rental and Leasing industry has overcome broad economic declines over the past five years as technological advancements in industrial equipment have spurred rentals. Healthcare facilities regularly rent and replace medical devices that are too costly to purchase and become obsolete quickly. Manufacturing and construction customers have adopted similar strategies to mitigate capital costs and access up-to-date equipment. Although COVID-19 substantially hindered some of the largest markets for industrial equipment rentals (manufacturing), historically low interest rates drove growth in residential construction while demand for equipment from overwhelmed hospitals soared. Despite 2020 declines, industry revenue has swelled at a CAGR of 3.3% over the past five years, reaching an estimated $5.7 billion in 2023.

The Industrial Equipment Rental and Leasing industry in Canada 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.

Table of Contents

38 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

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