Heavy lifting: Surging demand from construction markets has underpinned industry growth

The Heavy Machinery and Scaffolding Rental and Hiring industry services customers across many sectors of the economy. However, the bulk of industry revenue is generated from hiring construction equipment to building contractors. The industry also rents material handling equipment, such as forklifts, to manufacturers, wholesalers and transport firms at various stages through the product supply chain. Customers from mining and agricultural markets represent another important source of demand, particularly for specialist extraction and harvesting equipment. This equipment is often needed to meet fluctuations in seasonal demand or ramp up output in response to rising commodity prices...read more.

Industry Statistics & Market Size
Revenue
$685m
Annual Growth 13-18
8.2%
Forecast Growth 18-23
Profit
Employment
1,950
Businesses
667

Industry Threats & Opportunities

  • Robust growth in key building markets has underpinned industry expansion over the past five years
  • Industry performance has been supported by the spread of demand across non-construction markets
  • The decline in housing investment from 2019-20 points to weaker demand for equipment hire
  • Industry Report - Industry Products Chapter

    The industry hires heavy machinery and scaffolding that is principally used for construction applications but may also be used for materials handling and other applications. Industry operators hire machinery without operators (i.e. dry hire). The renting of machinery and scaffolding with a suitably qualified operator (i.e. wet hire) falls within special construction services industries.Cranes and access equipmentThe supply of cranes and access equipment on a rental basis represents the largest segment of industry operations. The hire of cranes and access equipment currently accounts for about 31.4% o...purchase to read more.

    Additional Insights for the Heavy Machinery and Scaffolding Rental and Hiring Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heavy Machinery and Scaffolding Rental and Hiring Industry are

  • Ability to quickly adopt new technology
  • Having a diverse range of clients
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Demand from non-residential building construction and Demand from residential building construction in the Heavy Machinery and Scaffolding Rental and Hiring industry impact industry performance..

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    What's in this report

    What is the Heavy Machinery and Scaffolding Rental and Hiring in New Zealand Industry?

    Industry operators primarily hire, lease or rent heavy machinery and scaffolding.

    Industry Products
  • Cranes and access equipment
  • Earthmoving and other heavy construction equipment
  • Scaffolding
  • Forklifts
  • Other hire assets
  • Non-hire goods and services
  • Industry Activities
  • Renting, hiring or leasing earthmoving and excavating equipment (without operator)
  • Renting, hiring or leasing cranes, forklifts or generators (without operator)
  • Renting, hiring or leasing scaffolding (without operator)
  • Renting, hiring or leasing other agricultural machinery and equipment (without operator)
  • Renting, hiring or leasing other construction machinery and equipment (without operator)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from non-residential building construction
  • Demand from residential building construction
  • Capital expenditure on mining
  • Demand from heavy and civil engineering construction
  • Demand from manufacturing
  • Total merchandise imports and exports

  • Current Performance
  • Profitability and participation
  • Building activity drives demand
  • Non-construction drivers of demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit diminishes
  • Construction equipment demand
  • Other demand factors
  • Table: Heavy Machinery and Scaffolding Rental and Hiring Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heavy Machinery and Scaffolding Rental and Hiring Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining in New Zealand
  • Construction in New Zealand
  • Agribusiness in New Zealand

  • Key Selling Industries
  • Agricultural and Construction Machinery Wholesaling in New Zealand
  • Agricultural Machinery Manufacturing in New Zealand
  • Industrial and Mining Machinery Wholesaling in New Zealand
  • Industrial Machinery and Gaming Manufacturing in New Zealand

  • Products & Services
  • Cranes and access equipment
  • Earthmoving and other heavy construction equipment
  • Scaffolding
  • Other hire assets
  • Non-hire goods and services
  • Forklifts
  • Chart: Heavy Machinery and Scaffolding Rental and Hiring Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Building construction contractors
  • Infrastructure construction contractors
  • Households and contractors
  • Industrial and maintenance industries
  • Mine operators and contractors
  • Other industries
  • Chart: Major Market Segmentation for the Heavy Machinery and Scaffolding Rental and Hiring 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 Heavy Machinery and Scaffolding Rental and Hiring

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heavy Machinery and Scaffolding Rental and Hiring Industry

  • Industry Globalization
    Hirepool Limited, Porter Group Limited, AB Equipment Limited, Crown Equipment Limited,
  • Table: Hirepool Limited - financial performance
  • Table: Porter Group Limited - financial performance
  • Table: AB Equipment Limited - financial performance
  • Table: Crown Equipment Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Heavy Machinery and Scaffolding Rental and Hiring 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 Heavy Machinery and Scaffolding Rental and Hiring Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dry Hire
  • The hire of equipment without an operator.
  • Heavy Machinery
  • Refers to equipment, such as heavy-duty vehicles, that can be used for construction, mining, agriculture, forestry and industrial tasks.
  • Lease
  • A contract conferring a right for one party to possess property belonging to another party to the exclusion of the owner.
  • Rent
  • The periodic payment for the use of another person’s or business’ property.
  • Wet Hire
  • The hire of equipment with an operator.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Heavy Machinery and Scaffolding Rental and Hiring in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 Heavy Machinery and Scaffolding Rental and Hiring in New Zealand:
    • 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 Heavy Machinery and Scaffolding Rental and Hiring in New Zealand 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 Heavy Machinery and Scaffolding Rental and Hiring in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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