Industry Analysis & Industry Trends
The Machinery and Scaffolding Rental industry is a link in the chain by which construction and mining companies access machinery. As a facilitator, innovation in the industry is secondary to demand from major markets in promoting revenue growth. Industry revenue has grown strongly as investment has increased rapidly in the Mining division, the industry's largest market. Industry revenue is expected to increase at a compound annual rate of 4.7% over the five years through 2012-13. In 2012-13, revenue is expected to grow by 4.3% to $5.07 billion. Capital expenditure by the major markets is more important to the industry than their revenue performance, and this is significant when assessing the relevance of the global financial crisis to the industry... purchase to read more
Industry Report - Industry Analysis Chapter
Mining and construction companies need plant and equipment to operate effectively and they secure this equipment through a combination of ownership and hire structures. The Machinery and Scaffolding Rental industry is part of this equipment provision supply chain alongside equipment wholesalers and providers of financial leases. Operators in the industry provide equipment on an operating lease or short-term basis, without operators.
There are many reasons why companies opt to hire equipment rather than purchase it. These include reducing maintenance costs, having access to the latest available technology and reducing capital investment costs. These factors have helped revenue to grow strongly over the five years through 2012-13, at an estimated compound annual rate of 4.7%... purchase to read more