$4.0bn
$XXX.Xm
7,953
4,278
$XXX.Xm
Despite plunging demand from tourism during the pandemic, the Transport Equipment and Large Vehicle Rental industry's revenue has expanded in recent years. Falling international and domestic tourist numbers during the pandemic sharply reduced demand for short-term rentals of leisure vehicles, like campervans and buses. Even so, the vessel and aircraft leasing and rolling stock leasing segments have grown as shares of revenue. Overall, industry revenue is expected to rise at an annualised 2.8% over the five years through 2023-24, to total $4.0 billion. This trend includes an anticipated drop of 0.4% in the current year, as the total value of merchandise imports and exports is set contract. Pandemic-related disruptions have interrupted supply chains in recent years, driving clients towards hiring rolling stock or ships and aircraft from domestic operators rather than international competitors. For this reason, while industry revenue has climbed, industry product segments' performances have varied. Semiconductor shortages and timber scarcity have diminished demand from the pallet and skid rental segment in recent years, while rising demand for ship and aircraft leasing has maintained an overall hike in profitability. The diversity of the industry's products and services has prevented lower performance in any one segment from significantly affecting the industry's performance, therefore avoiding revenue volatility throughout the pandemic.Industry revenue is projected to expand at an annualised 1.8% over the next five years through 2028-29, to total $4.4 billion. International travel will continue to recover over the coming years, which will likely continue to drive improved performance in product segments that rent out recreational vehicles, like motorcycles and campervans. While recovering international trade will likely cause international firms to address the bulk of demand for freight in segments involving large transport vehicles and rolling stock moving forward, lower barriers to entry in more fragmented segments like boat and campervan rental will contribute to climbing industry participation. Rising demand for electric vehicles will also likely drive more product innovation over the coming years, as rental firms develop customised containers for storing and transporting electric vehicle batteries to address increased demand for the container leasing and hiring segment.
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $4.0bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Brambles | 609.2 | |
Loscam | 159.0 | |
Royal Wolf | 119.3 |
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Industry revenue is measured across several distinct product and services lines, including Vessel and aircraft leasing, Vehicle rental and Container leasing and hiring. Vessel and aircraft leasing is the largest segment of the Transport Equipment and Large Vehicle Rental in Australia.
A swelling number of businesses has deepened the pool of clients requiring rental vehicles
Industry businesses rent out transport equipment including trucks, buses, aircraft, freight containers and refrigerated containers. Rental is of vehicles or equipment only and does not include the hire of a driver, pilot or other operators. Financial leases are excluded from the industry.
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ANZSIC 6619 - Transport Equipment and Large Vehicle Rental in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
International border closures during the pandemic led to a slump in demand for short-term rentals of recreational vehicles. Nonetheless, as total tourist visitor nights have ...
Learn about an industry's products and services, markets and trends in international trade.
The industry rents transport equipment and vehicles to various markets throughout Australia. The industry's rental services include vehicle rental, pallet and skid rental, co...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Queensland and Western Australia are home to a significant share of rental firms. This reflects substantial demand for rail rolling stock to service the mining and coal secto...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Customer choosing to purchase transport equipment and large vehicles outright is a substitute for industry firms leasing and renting these products. Nonetheless, purchasing e...
Learn about the performance of the top companies in the industry.
Brambles Limited dominates the pallet and skid rental segment. Their pooling equipment solutions has helped them expand and reach clients globally.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Transport Equipment and Large Vehicle Rental industry receives a low level of industry assistance, a trend that has remained steady in recent years. Assistance comes prim...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
As industry products have a long lifespan, purchase costs are typically lower than depreciation costs. While stock is replaced on a rolling basis, entire equipment inventorie...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Transport Equipment and Large Vehicle Rental industry in Australia is $4.0bn in 2024.
There are 4,278 businesses in the Transport Equipment and Large Vehicle Rental industry in Australia, which has grown at a CAGR of 3.2 % between 2018 and 2023.
The market size of the Transport Equipment and Large Vehicle Rental industry in Australia has been growing at a CAGR of 2.8 % between 2018 and 2023.
Over the next five years, the Transport Equipment and Large Vehicle Rental industry in Australia is expected to grow.
The biggest companies operating in the Transport Equipment and Large Vehicle Rental market in Australia are Brambles, Loscam and Royal Wolf
Vehicle rental and Pallet and skid rental are part of the Transport Equipment and Large Vehicle Rental industry.
The company holding the most market share in Australia is Brambles.
The level of competition is moderate and increasing in the Transport Equipment and Large Vehicle Rental industry in Australia.