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.Equipped for anything: Supply chain disruptions and climate regulations will limit industry growth
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
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- United Rentals, Inc.
- Sunbelt Rentals Exchange Inc.
- GE Capital Aviation Services
- Wells Fargo Rail
- Ahern Rentals Inc.
- McGrath RentCorp
- Herc Holdings Inc.
- Holt Texas, Ltd.
- Ashtead Group Plc
- Cashman Equipment Co
- Freightcar America, Inc.
- Sumitomo Mitsui Financial Group, Inc.
- Air Lease Corporation
- H&E Equipment Services, Inc.
- Merx Aviation Finance
- Union Tank Car Co
- Cai International, Inc.
- Platinum Equity Advisors, LLC
- Thermosoft International Corporation
- GLNX Corporation
Methodology
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