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2024 U.S. Industry Statistics & Market Forecast - Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing


Market Size & Industry Statistics

The total U.S. industry market size for Construction, Mining, and Forestry 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 Construction, Mining & Forestry Machinery & Equipment Rental & Leasing industry is subject to various trends that have impacted business operations in recent years. Some of the key trends affecting the industry include:

1. Growing demand for sustainable practices: Today, there is a greater emphasis placed on sustainability in the construction, mining, and forestry sectors. As such, businesses in this industry increasingly seek to adopt green practices that reduce their carbon footprint and mitigate the adverse impacts of activities such as mining and deforestation.

2. Technological advancements: Rapid advancements in technology have led to the development of more sophisticated and efficient machinery and equipment in the construction, mining, and forestry sectors. This trend has encouraged businesses in this industry to invest in the latest equipment, which allows them to better meet clients' needs and stay ahead of competitors.

3. Changing customer preferences: Clients are increasingly looking for rental and leasing options that provide customized solutions for their unique needs. As such, businesses in this industry now offer more flexible arrangements that allow clients to rent or lease equipment for shorter periods, upgrade to newer equipment, and extend rental periods as needed.

4. Increased regulation: The construction, mining, and forestry sectors face increasingly stringent regulations as governments seek to protect the environment and promote sustainable practices. Companies operating in this industry must comply with challenging environmental standards, safety regulations, and other regulations that affect their operations.

5. Economic uncertainty: The global economic climate remains uncertain, and the construction, mining, and forestry industries are not immune to the challenges posed by volatile markets. As a result, companies in this industry need to remain agile and adapt to changing market conditions quickly to remain competitive.



Product & Services Breakdown

Research products and services in the Construction, Mining, and Forestry 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 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 Industrial Pumps

Rental And Leasing Of Industrial Energy And Power-Generating Equipment

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

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 Construction, Mining, and Forestry 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 Construction, Mining, and Forestry 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 Construction, Mining, and Forestry 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


Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Construction, Mining, and Forestry 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 Construction, Mining, and Forestry 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 Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing

  • Feb 27, 2024: WHEELER MACHINERY CO. (Salt Lake City, UT) awarded $116,755
  • Feb 27, 2024: OMALLEY BROTHERS CORP (Gresham, OR) awarded $38,500
  • Feb 21, 2024: HERC RENTALS INC. (Baltimore, MD) awarded $41,260
  • Feb 15, 2024: KOMATSU AMERICA CORP. (Chicago, IL) awarded $57,600
  • Feb 13, 2024: ECOLOGY MIR GROUP LLC (Fairfax, VA) awarded $81,600
  • Feb 13, 2024: ARNOLD MACHINERY COMPANY (Salt Lake City, UT) awarded $55,910




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