On the road again: Demand from freight industries has driven industry revenue growth

Revenue for the Transport Equipment and Large Vehicle Rental industry has grown steadily over the past five years, on the back of improving economic conditions and growing demand from freight industries and tourism. Solid demand from integrated logistics operators, and favourable trends in merchandise trade and freight transport have supported demand for pallets, skids and containers used for transporting goods along the supply chain. Upward trends in domestic tourism have also supported short-term rentals of leisure vehicles, such as campervans and buses. As a result, industry revenue is expected to grow at an annualised 2.6% over the five years through 2018-19, to $2.8 billion...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Rising tourism activity and increased freight volumes have supported revenue growth
  • Tourism growth over the past five years has boosted demand for leisure vehicles
  • Favourable trends in merchandise trade and integrated logistics will support industry revenue
  • Industry Report - Industry Investment Chapter

    The industry exhibits high capital intensity, as its principal activities require supplying transport equipment and large vehicles on short- and long-term rental arrangements. For every dollar spent on capital, an estimated $1.38 is expected to be spent on wages in the current year. The industry allows its clients to outsource the purchase and maintenance of capital investments. As a consequence, initial investment in equipment is expensive and maintenance, replacement and depreciation expenses are significant. For operators to remain competitive in the industry, they must offer customers up-to-date and fully operative equipment. Maintaining equipment also has a significant labour cost, as lease arrangements include a maintenance component. Cap...purchase to read more.

    Additional Insights for the Transport Equipment and Large Vehicle Rental Industry

    IBISWorld has determined the most important Key Success Factors for the Transport Equipment and Large Vehicle Rental are:

  • Ability to alter goods and services produced in favour of market conditions
  • Having a good reputation
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Total merchandise imports and exports and Demand from integrated logistics in the Transport Equipment and Large Vehicle Rental industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Top 500 Companies List
    has been released

    Click here for more

    What's in this report

    What is the Transport Equipment and Large Vehicle Rental Industry?

    Industry businesses rent out transport equipment including trucks, buses, aircraft, freight containers and refrigerated containers. Rental is of vehicles or equipment only and does not include the hire of a driver, pilot or other operators. Financial leases are excluded from the industry.

    Industry Products
  • Vessel leasing
  • Vehicle rental
  • Container leasing and hiring
  • Pallet and skid rental
  • Aircraft leasing
  • Rolling stock leasing
  • Other rentals
  • Industry Activities
  • Truck rental (without driver)
  • Aeroplane rental (without pilot)
  • Boat hiring (without crew)
  • Ship rental (without crew)
  • Shipping container rental
  • Motorcycle rental
  • Transport equipment rental
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total merchandise imports and exports
  • Demand from integrated logistics
  • Demand from tourism
  • Motor vehicle price index
  • Cash rate
  • Total tourist visitor nights

  • Current Performance
  • Transport equipment
  • Large freight vehicles
  • Consumer markets and employment
  • Profitability and establishments
  • Chart: Revenue Growth

  • Industry Outlook
  • Transport equipment
  • Large freight vehicles
  • Profitability and logistical software
  • Table: Transport Equipment and Large Vehicle Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Transport Equipment and Large Vehicle Rental Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Road Freight Transport
  • Integrated Logistics
  • Water Freight Transport

  • Key Selling Industries
  • Boiler and Tank Manufacturing
  • Shipbuilding and Repair Services
  • Trailer and Caravan Dealers

  • Products & Services
  • Pallet and skid rental
  • Vehicle rental
  • Rolling stock leasing
  • Other rentals
  • Aircraft leasing
  • Container leasing and hiring
  • Vessel leasing
  • Chart: Transport Equipment and Large Vehicle Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial short-term leaseholders
  • Commercial long-term leaseholders
  • Consumers
  • Chart: Major Market Segmentation for the Transport Equipment and Large Vehicle Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Transport Equipment and Large Vehicle Rental

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Transport Equipment and Large Vehicle Rental Industry

  • Industry Globalization
    Brambles Limited,
  • Table: Brambles Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Transport Equipment and Large Vehicle Rental Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Transport Equipment and Large Vehicle Rental Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Equipment Pooling
  • The shared use of transport equipment such as pallets, crates, skids and containers by multiple customers through the supply chain.
  • Operating Lease
  • A short-term lease that occurs for only a short period compared with the life of the asset.
  • Skid
  • A wooden, plastic or other material platform for stacking and transporting goods. Similar to a pallet but without a lower deck and the skid rests on its bearers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Transport Equipment and Large Vehicle Rental market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Transport Equipment and Large Vehicle Rental:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Transport Equipment and Large Vehicle Rental market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Transport Equipment and Large Vehicle Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.