While the recession affected demand for construction equipment rentals, the industry has endured since 2010 by diversifying into other markets. As a number of sectors, such as construction, improve over the next five years, revenue will experience solid growth. Additionally, the industry will benefit from stronger demand for medical equipment.
Operators in this industry primarily rent or lease trucks, utility trailers and semitrailers without drivers. Purchasing and lease-to-own arrangements of these vehicles are excluded from this industry. Operators that rent or lease industrial trucks and equipment, including forklifts, are covered in the Heavy Equipment Rental Industry (IBISWorld report 53241).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.