Equipped for anything: Operators will likely benefit from accelerating nonresidential construction activity
Industrial Equipment Rental & Leasing in the US The Industrial Equipment Rental and Leasing industry offers a range of products, including industrial machinery, certain construction equipment, entertainment products and medical devices, for fixed-term use. The industry’s reliance on heavy industry and manufacturing and its diverse product offerings ties its performance to the health of the overall US economy. When businesses grow or expand, the need for new retail and industrial spaces stimulates demand from contractors who rent equipment for carpet installation, woodworking, door manufacturing, carpet cleaning and other activities. Overall, industry revenue is anticipated to increase over the five years to 2019, largely as a result of increased activity in industrial and construction markets. Revenue is projected to continue increasing over the five years to 2024, as the industry will likely benefit from accelearting nonresidential construction and consistent demand from industrial and healthcare sectors.
This industry includes establishments that primarily rent or lease nonconsumer machinery and equipment (except heavy construction, transportation, mining and forestry machinery and office 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.
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281 pages •
By Asia Market Information & Development Company
• Jun 2021
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