Well equipped: Although growth is expected to slow, the industry's prospects are steady

Many firms in the construction sector rent or lease equipment from the industry to minimise costs and support profit margins. The industry’s performance is naturally tied to that of the wider construction sector. The faltering nature of the economic recovery weighed on construction activity and industry demand in 2012-13. However, a surge in housing starts boosted demand substantially in the following year, and industry revenue rose by 11.4%. Since then, activity in most downstream markets has improved, due to increased government capital expenditure and a booming housing market. Over the past five years, the housing market has been supported by government initiatives, such as the Help to Buy scheme. Improvements in the commercial construction market have also supported industry growth...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • A resurgent construction sector supported growth for much of the past five-year period
  • Intensifying competition has encouraged larger firms to undertake merger and acquisition activity
  • The weak pound is likely to negatively affect the margins of operators that import equipment stocks
  • Industry Report - Industry Key Buyers Chapter

    The Construction Equipment Rental and Leasing industry is estimated to have a low level of concentration, with the four largest firms expected to account for 17.1% of industry revenue in 2017-18. Speedy hire is the only major company in the industry that has over 4,000 firms competing for business. The vast majority of operators only run on a small scale and rent equipment to firms operating locally. This is illustrated by the fact that an estimated 71.8% of industry operators employ fewer than five people and just 7.3% of operators employ 20 or more people. This gives an insight to a highly fragmented industry.The level of concentration has grown slightly over recent years. Dem...purchase to read more.

    Additional Insights for the Construction Equipment Rental & Leasing Industry

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

  • Economies of scale
  • Economies of scope
  • Ability to attract local support/patronage
  • IBISWorld analysts also discuss how external factors such as Demand from commercial building construction and Demand from residential building construction in the Construction Equipment Rental & Leasing industry impact industry performance..

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    What's in this report

    What is the Construction Equipment Rental & Leasing Industry?

    Firms in this industry rent and lease out construction equipment such as cranes, crane lorries, scaffolding, work platforms, bulldozers, graders and excavators. The hire of machinery or equipment with an operator is not included in the industry.

    Industry Products
  • Aerial work platforms
  • Earthmoving equipment
  • Pumps and generators
  • Scaffolding
  • Other equipment
  • Cranes
  • Industry Activities
  • Renting and leasing out cranes and crane lorries
  • Renting and leasing out bulldozers, diggers, graders, loaders and excavators
  • Renting and leasing out scaffolding and work platforms
  • Renting and leasing out other construction equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from commercial building construction
  • Demand from residential building construction
  • Business capital expenditure
  • Government capital expenditure
  • Demand from road and motorway construction
  • Demand from water main, sewer system and related project construction

  • Current Performance
  • Buying is building
  • Expansion project
  • Elevated margins
  • Additional requirements
  • Chart: Revenue Growth

  • Industry Outlook
  • Prepare for projects
  • Spanner in the works
  • Employment and enterprises
  • Table: Construction Equipment Rental & Leasing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Residential Building Construction
  • Railway & Underground Railway Construction
  • Bridge & Tunnel Construction

  • Key Selling Industries
  • Lifting & Handling Equipment Manufacturing
  • Mining, Quarrying & Construction Machinery Manufacturing

  • Products & Services
  • Earthmoving equipment
  • Other equipment
  • Aerial work platforms
  • Cranes
  • Pumps and generators
  • Scaffolding
  • Chart: Construction Equipment Rental & Leasing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial construction companies
  • Private contractors
  • Government
  • Residential construction businesses
  • Industrial and manufacturing firms
  • Other
  • Chart: Major Market Segmentation for the Construction Equipment Rental & Leasing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesDepreciationWagesRent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Construction Equipment Rental & Leasing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Construction Equipment Rental & Leasing Industry

  • Industry Globalization
    Speedy Hire plc,
  • Table: Speedy Hire plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Construction 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 Construction Equipment Rental & Leasing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aerial Work Platform
  • A mechanical device that provides temporary height access to otherwise inaccessible areas.
  • Grader
  • A vehicle with a long blade used to make a surface flat.
  • Pavers
  • Equipment used to lay asphalt on surfaces that require paving such as roads, bridges and tunnels.
  • Scissor Lift
  • A type of aerial work platform that moves vertically on a pantograph, or scissor mechanism, to provide height access for building and maintenance work.
  • Smart Motorway
  • A motorway section that controls traffic flow through the use of variable speed limits and hard shoulder running.
  • Tower Crane
  • A crane fixed to the ground on a concrete slab. It gives the best combination of height and lifting capacity, and is mainly used in the construction of tall buildings.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Construction Equipment Rental & Leasing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Construction 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 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 Construction 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 Construction 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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