Heavy Machinery and Scaffolding Rental and Hiring in New Zealand - Market Research Report

error_outline Covid-19 Impact Update - Heavy Machinery and Scaffolding Rental and Hiring in New Zealand

IBISWorld's analysts constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:

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This subdivision includes the Passenger Car Rental and Hiring industry, which is anticipated to report a significant decline in demand as inbound international tourism falls.

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International tourists were expected to account for 24.9% of industry revenue in 2019-20, representing a key driver of industry expansion. As Chinese tourists represent 10.5% of total visitors to New Zealand, the decrease in visitors from China is anticipated to adversely affect this industry. Furthermore, tourism from China had already fallen significantly during 2019, with visitor arrivals declining by 9.2% over the year.

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However, as the rest of the subdivision is primarily service-based and focused on the domestic market, the COVID-19 outbreak is only expected to lightly affect these industries.

Note: The content in this report is currently being updated to reflect the trends outlined above.

Heavy Machinery and Scaffolding Rental and Hiring industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.5%

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. The industry's performance over the past five years has been underpin...
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Heavy Machinery and Scaffolding Rental and Hiring industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Heavy Machinery and Scaffolding Rental and Hiring industry is forecast to maintain solid revenue growth over the next five years. While some industry operators may encounter variable demand conditions for hire equipment from the new residential building market, the industry is anticipated to continue deriving solid demand for equipment used in the home renovation and repair market. Solid demand is also likely to prevail in the non-residential building market over the period, along with favourable demand for heavy earthmoving equipment from the infrastructure construction markets. Industry revenue is projected to increase at an annualised X.X% over the five years through XXX-XX, to $XX.X million. This trend includes subdued capital expenditure on...
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Heavy Machinery and Scaffolding Rental and Hiring industry statistics

  • attach_money Market Size: $728m
  • business Number of Businesses: 743
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 2,072

Biggest companies in the Heavy Machinery and Scaffolding Rental and Hiring industry

The companies holding the largest market share in the Heavy Machinery and Scaffolding Rental and Hiring in New Zealand industry include Hirepool Limited, Porter Group Limited and Crown Equipment Limited.

  • pie_chart Hirepool Limited Market Share: x.x%
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  • pie_chart Porter Group Limited Market Share: x.x%
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  • pie_chart Crown Equipment Limited Market Share: x.x%
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What is Heavy Machinery and Scaffolding Rental and Hiring industry?

Industry Definition

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

Industry Products and Services

  • 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)

Market research report - table of contents

Industry Definition

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

Main 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)

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Demand from residential building construction represents a major source of rental revenue. Residential building sites require a range of site preparation ...
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Capital expenditure on residential buildings
Demand from heavy industry and other non-building construction
Demand from road and bridge construction
Non-residential construction capital expenditure

Current Performance

Building activity drives demand
Non-construction drivers of demand
 Chart: Revenue Growth

Industry Outlook

Construction equipment demand
Other demand factors
 Table: Heavy Machinery and Scaffolding Rental and Hiring in New Zealand - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Heavy Machinery and Scaffolding Rental and Hiring in New Zealand - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Mining
Construction
Agribusiness in New Zealand




Key Selling Industries

Agricultural Machinery Manufacturing in New Zealand
Agricultural and Construction Machinery Wholesaling in New Zealand
Industrial and Mining Machinery Wholesaling in New Zealand
Industrial Machinery and Gaming Manufacturing in New Zealand



Products & Services

The industry hires heavy machinery and scaffolding that is principally used for construction applications but may also be used for materials handling and ...
Infrastructure construction contractors
Households and contractors
Industrial and maintenance industries
Mine operators and subcontractors
Other industries

Demand Determinants

The principal determinant of demand for heavy machinery and scaffolding equipment is the level of activity in downstream building and infrastructure const...
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Major Markets

Infrastructure construction contractors
Households and contractors
Industrial and maintenance industries
Mine operators and subcontractors
Other industries


 Chart: Major Market Segmentation for the Heavy Machinery and Scaffolding Rental and Hiring in New Zealand - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Heavy Machinery and Scaffolding Rental industry has a low market share concentration. The industry includes many small-scale firms servicing narrow re...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Heavy Machinery and Scaffolding Rental and Hiring in New Zealand - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Heavy Machinery and Scaffolding Rental and Hiring in New Zealand - Market Research Report Industry

Industry Globalization

Hirepool Limited is headquartered in Auckland, and operates 15 locations across New Zealand. The privately-owned Hirepool was founded in 1955 and has spre...
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Hirepool

 Table: Hirepool - financial performance

Porter Group

 Table: Porter Group - financial performance

Crown

 Table: Crown - financial performance

Capital Intensity

The industry has high capital intensity, which is consistent with the requirement for firms to maintain an extensive range of highly expensive constructio...
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 Chart: Level of Capital Intensity for the Heavy Machinery and Scaffolding Rental and Hiring in New Zealand - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Heavy Machinery and Scaffolding Rental and Hiring in New Zealand Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

DRY HIRE

HEAVY MACHINERY

LEASE

RENT

WET HIRE

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Heavy Machinery and Scaffolding Rental and Hiring industry?

IBISWorld industry market research reports enable you to:

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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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