Building up: Rebounding nonresidential construction will spur industry revenue growth

The Industrial Equipment Rental and Leasing industry in Canada is expected to grow sluggishly over the five years to 2019. Economic growth and low interest rates have propelled investment in most industrial and commercial sectors, spurring demand for rental and leasing services. However, a strong contraction of the industry in 2015 and 2016 as a result of declining investment activity has weighed down revenue growth during the period. Consequently, the industry is expected to grow over the five years to 2019. 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...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 14-19
0.3%
Forecast Growth 19-24
Profit
Employment
11,708
Businesses
1,841
Market Share of Companies

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 SWOT Analysis Chapter

    The Industrial Equipment Rental and Leasing industry in Canada is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to increase an annualized 1.7% over the 10 years to 2024, the same pace at which Canadian GDP is forecast to grow during the period. IVA growth following GDP growth typically indicates a mature industry, which in this case also reflects stabilizing downstream markets and stabilizing rental prices, profit margins and employment rates in the industry after previous volatility.Other aspects are also reflective of industry maturity. The...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 Value of nonresidential construction and Total health expenditure 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
  • Value of nonresidential construction
  • Total health expenditure
  • Industrial capacity utilization
  • Overnight rate

  • Current Performance
  • Tough years dragged down demand
  • Renting versus purchasing equipment
  • Fragmented by consolidating
  • Chart: Revenue Growth

  • Industry Outlook
  • Mixed demand
  • Popularity for rentals and consolidation
  • 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
  • Industrial energy equipment and pumps rental
  • Retail sales, product delivery and repair
  • Audiovisual equipment rental
  • Medical equipment rental
  • 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
  • Other markets
  • Entertainment markets
  • Healthcare 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 depreciationWagesRent and utilities
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Equipment Rental & Leasing

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

  • Industry Globalization
    United Rentals Inc.,
  • Table: United Rentals 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Value of non-residential construction (2010-2024)

  • 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?

    IBISWorld’s Industrial Equipment Rental & Leasing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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
    • Quickly build competitive intelligence
    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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