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Heavy Construction Equipment Rental & Leasing in the US
IBISWorld, April 2009, Pages: 41
This industry comprises establishments primarily engaged in renting or leasing one or more of the following without operators: heavy construction, off-highway transportation, mining, and forestry machinery and equipment. Establishments in this industry may rent or lease products, such as aircraft, railroad cars, steamships, tugboats, bulldozers, earthmoving equipment, well-drilling machinery and equipment, or cranes. 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.
Introduction
Everything big is... big again.
Everything is big in the rental and leasing of aircraft, railroad cars, steamships, tugboats, bulldozers, earthmovers, well-drillers and cranes. Competition is big, based on price, and the ability to provide the latest equipment at short notice. Customer service, such as back-up services and on-site repairing, is big too. The costs of initial investment, regular maintenance, replacement and depreciation of equipment are offset through partnering. Firms are joining to achieve economies of scale, gain insight into new asset types, diversify investment activities and establish businesses in new regions of the world.
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