Building up: Low interest rates have propelled investment and spurred industry demand

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sector and entertainment sector also regularly rent equipment to remain up-to-date with technology and to replace any out-of-date equipment.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...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
4.0%
Forecast Growth 17-22
Profit
Employment
10,570
Businesses
2,397

Industry Threats & Opportunities

  • Economic recovery and low interest rates have propelled investment in most industrial and commercial sectors, spurring demand
  • Production companies are renting equipment to hedge against changing audience preferences
  • Manufacturing industries will continue to generate modest demand for a variety of equipment
  • Industry Report - Industry Locations Chapter

    The geographic distribution of industry establishments is largely correlated with economic activity, which indicates a correlation to population distribution. To this end, densely populated regions and those with prominent industrial activity (such as oil and gas extraction) house the majority of industry establishments.Ontario and AlbertaThe Ontario region is estimated to account for 31.1% of industry establishments. Ontario is the most populous Canadian province and is a hub of residential and commercial construction and of general industrial production. Alberta commands 21.1% of industry establishments despite its low population density; this can be attributed to its prominence within the oil and gas industries and related manufacturing industries...purchase to read more.

    Additional Insights for the Industrial Equipment Rental & Leasing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Equipment Rental & Leasing Industry are

  • Ability to control stock on hand
  • Ability to adopt new ordering and monitoring technology
  • Ability to raise revenue from additional sources
  • IBISWorld analysts also discuss how external factors such as Industrial capacity utilization and Value of nonresidential construction in the Industrial Equipment Rental & Leasing industry impact industry performance..

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    What's in this report

    What is the Industrial Equipment Rental & Leasing Industry?

    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.

    Industry Products
  • General industrial equipment rental
  • Light construction equipment rental
  • Audiovisual equipment rental
  • Medical equipment rental
  • Industrial energy equipment and pumps rental
  • Retail sales, product delivery and repair
  • Rental of other products
  • Theatrical and motion picture rental
  • Industry Activities
  • Industrial equipment rental
  • Light construction equipment rental
  • Medical equipment rental
  • Entertainment and audiovisual equipment rental
  • Power and energy equipment rental
  • Other services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial capacity utilization
  • Value of nonresidential construction
  • Total health expenditure
  • Overnight rate

  • Current Performance
  • Rebounding demand
  • Renting versus purchasing equipment
  • Fragmented and competitive industry
  • Chart: Revenue Growth

  • Industry Outlook
  • Mixed demand
  • Rentals will remain popular
  • Table: Industrial Equipment Rental & Leasing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Equipment Rental & Leasing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada
  • Construction In Canada
  • Healthcare and Social Assistance In Canada
  • Arts, Entertainment and Recreation In Canada

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing in Canada
  • Construction Machinery Manufacturing in Canada
  • Data Processing & Hosting Services in Canada
  • Medical Instrument & Supply Manufacturing in Canada
  • Tractors & Agricultural Machinery Manufacturing in Canada

  • Products & Services
  • General industrial equipment rental
  • Light construction equipment rental
  • Audiovisual equipment rental
  • Medical equipment rental
  • Industrial energy equipment and pumps rental
  • Retail sales, product delivery and repair
  • Theatrical and motion picture rental
  • Rental of other products
  • Chart: Industrial Equipment Rental & Leasing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industry and manufacturing markets
  • Construction markets
  • Entertainment markets
  • Healthcare markets
  • Other markets
  • Chart: Major Market Segmentation for the Industrial Equipment Rental & Leasing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchases and depreciationWagesUtilities and rent
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Equipment Rental & Leasing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Industrial Equipment Rental & Leasing Industry

  • Industry Globalization
    United Rentals Inc., Hertz Global Holdings Inc.,
  • Table: United Rentals Inc. - financial performance
  • Table: Hertz Global Holdings Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial Equipment Rental & Leasing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Industrial Equipment Rental & Leasing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Machinery rental and leasing services price index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Lease
  • A contract granting use of property during a specified period in exchange for a specified rent.
  • Nonemployer
  • An individual operator with one location and no staff.
  • Rent
  • A payment made at specified intervals in return for the right to use the property of another.
  • What Our Customers Say

    Why buy this report?

    The Industrial Equipment Rental & Leasing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Industrial Equipment Rental & Leasing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Industrial Equipment Rental & Leasing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Industrial Equipment Rental & Leasing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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