The mining and construction divisions are central in determining the fortunes of the Plant Hiring or Leasing industry. The major products supplied by the industry are scaffolding, cranes and earthmoving equipment. In particular, IBISWorld estimates that industry demand has risen in conjunction with increased investment in mining over the past five years. Industry revenue is expected to increase at a compound annual rate of 3.5% during the five years through 2012-13, to total $5.97 billion. Commodity volumes are more important to the industry than commodity prices, and this is significant when assessing the relevance of the global financial crisis to the industry.
Companies in this industry provide industrial machinery, plant and equipment (except transport equipment) for hire or lease, without operators, from stock purposefully held for that purpose. Leasing equipment is not a major part of this industry, as this is usually undertaken by leasing and finance companies.
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.