Heavy Equipment Rental in Canada - Industry Market Research Report

Digging Deep: Rising Interest Rates May Trigger a Recession, Limiting Industry Demand

The construction, transportation, mining, forestry and agricultural markets that lease heavy machinery have weathered the tumult of the COVID-19 pandemic to push the Heavy Equipment Rental industry in Canada to growth. Growth in nonresidential construction activity, increased demand from air and rail transportation, alongside a rise in commodity prices have raised need for heavy equipment, even as the pandemic temporarily crippled economic activity in 2020. Consequently, industry revenue is expected to grow at a CAGR of 0.7% to $9.7 billion over the five years to 2023.

The Heavy Equipment Rental industry in Canada rents or leases heavy construction equipment, off-highway transportation, mining and forestry machinery and equipment without operators. Companies in this industry may rent or lease products including aircraft, railcars, steamships, tugboats, bulldozers, earthmoving equipment, cranes or well-drilling machinery and 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.