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Industrial Equipment Rental & Leasing in Canada - Industry Market Research Report

Industrial Equipment Rental & Leasing in Canada - Industry Market Research Report

  • August 2020
  • 45 pages
  • ID: 4640050
  • Format: PDF
  • Ibisworld

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Building up: A rebound in the value of nonresidential construction is expected to spur industry growth

Abstract

Industrial Equipment Rental & Leasing in Canada
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. The value of nonresidential construction is expected to rebound over the five years to 2024, spurring new business investment and economic activity.

The Industrial Equipment Rental and Leasing industry in Canada 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.

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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