Transport Equipment and Large Vehicle Rental in New Zealand - Industry Market Research Report

Transported: Recovering demand from tourism is set to drive demand and revenue growth

The Transport Equipment and Large Vehicle Rental industry has faced mixed trading conditions over the five years through 2023-24. High freight volumes are supporting demand for transport equipment and large vehicles used in the commercial sector. However, declines in demand from tourism are reducing revenue. Revenue is expected to decline at an annualised 1.6% over the five years through 2023-24, to an estimated $1.5 billion. Operators primarily hire, lease and rent transport equipment and large vehicles, including trucks, buses, boats, aircraft and ships. The rental of shipping containers like refrigerated containers is also included in the industry. Industry operators do not provide a driver or pilot with the equipment or vehicle. 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.