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2024 U.S. Industry Statistics & Market Forecast - Commercial and Industrial Machinery and Equipment Rental and Leasing


Market Size & Industry Statistics

The total U.S. industry market size for Commercial and Industrial Machinery and Equipment Rental and Leasing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Commercial & Industrial Machinery & Equipment Rental & Leasing industry has been affected by several key trends. Firstly, there is an increasing demand for rental and leasing services due to the rising cost of purchasing and maintaining machinery and equipment. This trend has been accelerated by the growth of small businesses that may not have the resources to purchase equipment outright.

Secondly, there has been a shift towards sustainable equipment and machinery rental and leasing. Customers are now more conscious of their environmental impact and demand equipment that is energy-efficient and environmentally friendly.

Thirdly, the rise of the sharing economy has impacted the industry by creating new opportunities for peer-to-peer equipment rental, which allows individuals and small businesses to rent equipment from each other. This trend has been facilitated by online platforms that connect equipment owners with renters.

Fourthly, technology has had a significant impact on the industry, with the development of telematics and other advanced data analytics tools, which aid equipment tracking, maintenance management, and asset utilization.

Finally, the industry is being disrupted by new business models that offer flexible and on-demand equipment rental services tailored to individual customer needs. This trend has been facilitated by advancements in technology and the growth of the gig economy.

Overall, these key trends are driving innovation and growth in the Commercial & Industrial Machinery & Equipment Rental & Leasing industry. Companies that are quick to adapt to these changes are likely to thrive in the increasingly competitive landscape.



Product & Services Breakdown

Research products and services in the Commercial and Industrial Machinery and Equipment Rental and Leasing industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Rental And Leasing Of Air, Rail, And Water Transportation Equipment (Without Operators)

Rental And Leasing Of Aircraft

Rental And Leasing Of Rail Transportation Equipment

Rental And Leasing Of Ships And Other Commercial Vessels

Rental And Leasing Of Office Machinery, Furniture, And Equipment

Rental And Leasing Of Computers And Peripheral Equipment

Rental And Leasing Of Other Office Machinery And Equipment, Except Computers And Peripheral Equipment

Rental And Leasing Of Office Furniture And Fixtures

Rental And Leasing Of Agricultural, Construction, Mining, And Forestry Machinery And Equipment (Without Operators)

Rental And Leasing Of Other Commercial And Industrial Machinery And Equipment (Without Operators)

Rental And Leasing Of Medical Equipment

Rental And Leasing Of Theatrical And Motion Picture Equipment

Rental And Leasing Of Materials Handling Equipment

Rental And Leasing Of Industrial Pumps

Rental And Leasing Of Industrial Energy And Power-Generating Equipment

Rental And Leasing Of Audio/Visual Equipment

Rental And Leasing Of Other Industrial And Commercial Equipment, Not Elsewhere Specified

Rental And Leasing Of Modular/Mobile Buildings (Except On Site)

Commercial And Industrial Equipment Rental And Leasing Related Services

Delivery/Pick-Up Services For Machinery And Equipment

Maintenance And Repair Services For Commercial And Industrial Machinery And Equipment

Reselling Services For Merchandise, Retail

Other Services



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Commercial and Industrial Machinery and Equipment Rental and Leasing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Commercial and Industrial Machinery and Equipment Rental and Leasing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Commercial and Industrial Machinery and Equipment Rental and Leasing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 8%

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Top Executives 6%
Chief Executives0%
General and Operations Managers 6%
General and Operations Managers6%
Sales and Related Occupations 26%
Retail Sales Workers 18%
Counter and Rental Clerks and Parts Salespersons 17%
Counter and Rental Clerks 16%
Office and Administrative Support Occupations 12%
Installation, Maintenance, and Repair Occupations 16%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 9%
Transportation and Material Moving Occupations 26%
Motor Vehicle Operators 11%
Driver/Sales Workers and Truck Drivers 10%
Material Moving Workers 12%
Laborers and Material Movers 11%
Laborers and Freight, Stock, and Material Movers, Hand 6%
Source: Bureau of Labor Statistics


Commercial and Industrial Machinery and Equipment Rental and Leasing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Commercial and Industrial Machinery and Equipment Rental and Leasing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Commercial and Industrial Machinery and Equipment Rental and Leasing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Commercial and Industrial Machinery and Equipment Rental and Leasing industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Commercial and Industrial Machinery and Equipment Rental and Leasing

  • Feb 27, 2024: OMNI BUSINESS SYSTEMS, INC. (Alexandria, VA) awarded $244,556
  • Feb 27, 2024: UNITED RENTALS (NORTH AMERICA), INC. (Stamford, CT) awarded $58,300
  • Feb 27, 2024: CARTRIDGE TECHNOLOGIES, LLC (Rockville, MD) awarded $24,587
  • Feb 27, 2024: PREFERRED CLIMATE SOLUTIONS, LLC (Houston, TX) awarded $73,450
  • Feb 27, 2024: CAPSTONE OFFICE PRODUCTS, LLC (Fairfax, VA) awarded $14,451
  • Feb 27, 2024: PRINOTH OF NORTH AMERICA INC (Grand Junction, CO) awarded $59,293