New lease on life: Strong demand for recreational vehicles has driven revenue growth

The Transport Equipment and Large Vehicle Rental industry supplies a range of transport equipment and large vehicles that are mainly rented to businesses for transporting goods through the supply chain, or to households for recreational applications or for small removal jobs. The largest source of industry revenue comes from renting containers, pallets, skids and crates to downstream manufacturers, wholesalers and transport firms for the transport and storage of goods. The industry also rents road transport vehicles, such as trucks, tractors, trailers and commercial vans, along with large-scale aircraft and ships, which are mainly required to supplement the existing fleet of transport firms or other businesses.The industry is expected to grow at an annualised 4.0%...read more.

Industry Statistics & Market Size
Revenue
$926m
Annual Growth 13-18
4.0%
Forecast Growth 18-23
x.x%lock
Profit
x.x%lock
Employment
745
Businesses
665
Market Share of Companies

Industry Threats & Opportunities

  • Favourable trends in local wholesaling and retailing activity have supported the industry
  • Strong trends in tourism have boosted demand for recreational and leisure transport equipment
  • Favourable trends in merchandise exports are projected to support demand for the industry

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    Industry Report - Industry Key Buyers Chapter

    The industry has low market share concentration. The four largest industry players account for just under 30% of total industry revenue, with approximately 15.1% generated by Brambles New Zealand Limited. The industry has a fragmented structure and comprises many small-scale rental firms that are one- or-two person operations servicing narrow regional or niche product markets. Competition in the renting of containers, pallets and skids is constrained by widespread use of equipment pooling systems and the presence of global players, such as Brambles, Royal Wolf and Loscam. Similarly, firms operating in the truck and van rental segment are exposed to competition from several of the world's largest car rental firms, notably Avis and Budget...purchase to read more.

    Additional Insights for the Transport Equipment and Large Vehicle Rental Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Transport Equipment and Large Vehicle Rental Industry are

  • Having a good reputation
  • Ensuring pricing policy is appropriate
  • Proximity to key markets

    • IBISWorld analysts also discuss how external factors such as Total merchandise imports and exports and Demand from tourism in the Transport Equipment and Large Vehicle Rental industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Transport Equipment and Large Vehicle Rental in New Zealand Industry?

    Industry operators are primarily engaged in hiring, leasing and renting 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.

    Industry Products
  • Pallets, skids and containers rental
  • Large vehicle rental
  • Aircraft renting and leasing
  • Large vessel leasing
  • Other equipment rental
    • Industry Activities
  • Aeroplane rental (without pilot)
  • Boat or ship hiring (without crew)
  • Bus (except minibus) rental (without driver)
  • Caravan and houseboat rental
  • Motorcycle rental
  • Railway stock rental
  • Shipping container rental
  • Trailer rental
  • Truck rental (without driver)
  • Transport equipment rental, including pallets and skids
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Total merchandise imports and exports
  • Demand from tourism
  • Demand from water freight transport
  • Demand from rail transport
  • Total visitor nights

    • Current Performance
  • Demand for transport equipment
  • Demand for large vehicles and vessels
  • Demand for smaller vehicles and vessels
  • Profit and jobs growth
  • Chart: Revenue Growth

    • Industry Outlook
  • Transport equipment
  • Large freight vehicles
  • Household and tourism assets
  • 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

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Road Freight Transport in New Zealand
  • Rail Transport in New Zealand
  • Tourism in New Zealand
  • Water Freight Transport in New Zealand

    • Key Selling Industries
  • Aircraft Manufacturing and Repair Services in New Zealand
  • Boatbuilding and Repair Services in New Zealand
  • Commercial Vehicle Wholesaling in New Zealand
  • Fabricated Metal Product Manufacturing in New Zealand
  • Fabricated Wood Manufacturing in New Zealand
  • Motor Vehicle Engine and Parts Repair and Maintenance in New Zealand
  • Shipbuilding and Repair Services in New Zealand

    • Products & Services
  • Pallets, skids and containers rental
  • Large vehicle rental
  • Other equipment rental
  • Aircraft renting and leasing
  • Large 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

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Transport Equipment and Large Vehicle Rental

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

    • Industry Globalization

    Major Companies

    Brambles Limited,
  • Table: Brambles Limited - financial performance

    • Operating Conditions

    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

    Key Statistics

    Table: Industry Data for the Transport Equipment and Large Vehicle Rental 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

    Jargon & Glossary

    Container
  • A shipping container is a large standard-size metal box that is used for transporting goods on ships, railways and trucks.
    • Equipment Pooling System
  • It is common for transport equipment, such as pallets, crates, skids and containers, to be shared by multiple customers through the supply chain.
    • Lease
  • A contract conferring a right for one party to possess property belonging to another party to the exclusion of the owner.
    • Pallet
  • A standard-sized platform made from wood, plastic or other materials that is used for stacking and transporting goods. Pallets have upper and lower decks and can be lifted using forklifts.
    • Rent
  • The periodic payment for the use of another person or business's property.
    • Skid
  • A standard-sized platform made from wood, plastic or other material that is similar to a pallet but without a lower deck, which means that the skid rests on its bearers.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Transport Equipment and Large Vehicle Rental 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 Transport Equipment and Large Vehicle Rental 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 Transport Equipment and Large Vehicle Rental 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 Transport Equipment and Large Vehicle Rental 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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