NAICS 532412 - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
This U.S. industry comprises establishments primarily engaged in renting or leasing heavy equipment without operators that may be used for construction, mining, or forestry, such as bulldozers, earthmoving equipment, well-drilling machinery and equipment, or cranes.
Industry trends:
The construction, mining, and forestry machinery and equipment rental and leasing industry (NAICS 532412) is witnessing several notable qualitative trends. One significant trend is the increasing preference for rental over ownership. This shift is driven by the high capital cost of equipment, the need for flexibility, and the uncertain business environment. Companies are opting to rent equipment to manage their cash flow better and to avoid the depreciation costs associated with ownership.
Another trend is the integration of advanced technologies such as telematics, GPS tracking, and AI in rental equipment. These technologies enhance efficiency, reduce downtime, and provide valuable data that can inform maintenance schedules and operational strategies.
Sustainability is also becoming a crucial consideration, with a growing demand for eco-friendly and energy-efficient machinery. Rental companies are responding by adding more green equipment to their fleets, aligning with clients' sustainability goals.
Looking ahead, the forecast for this sector suggests continued growth driven by infrastructure development projects, especially in emerging economies. Additionally, the global emphasis on renewable energy and environmental responsibility is expected to sustain demand for advanced, efficient machinery.
In summary, the industry is characterized by a move towards rental solutions, technological integration, and sustainability, with positive growth prospects supported by global infrastructure needs and environmental considerations.
This industry is comprised of:
Bulldozer rental or leasing without operator
Construction form rental
Construction machinery and equipment rental or leasing without operator
Crane rental or leasing without operator
Earth moving equipment rental or leasing without operator
Forestry machinery and equipment rental or leasing
Heavy construction equipment rental without operator
Logging equipment rental or leasing without operator
Mining machinery and equipment rental or leasing
Oil field machinery and equipment rental or leasing
Oil well drilling machinery and equipment rental or leasing
Welding equipment rental or leasing
Well drilling machinery and equipment rental or leasing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.