Transport Equipment and Large Vehicle Rental in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: August 2023
ANZSIC L6619Revenue
$4.0bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
7,953
Businesses
4,278
Wages
$XXX.Xm
Transport Equipment and Large Vehicle Rental in Australia industry analysis
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.
Trends and Insights
- 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 gradually improved rental firms have benefitted from a recovery in demand.
- The industry rents transport equipment and vehicles to various markets throughout Australia. The industry's rental services include vehicle rental, pallet and skid rental, container leasing and hiring, vessel and aircraft leasing, rolling stock leasing and other rentals.
- 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 sectors and specialist storage to service the local energy sector.
- Customer choosing to purchase transport equipment and large vehicles outright is a substitute for industry firms leasing and renting these products. Nonetheless, purchasing equipment can be more costly and provides customers with less flexibility.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $4.0bn in 2023.
Trends and Insights
Plunging tourism activity during the pandemic hampered rental firms' performance
- The pandemic led to harsh trading conditions for many rental firms. The Federal Government imposed international border closures to curb the spread of COVID-19. These restrictions substantially limited international travel to Australia.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The climbing value of merchandise trade over the coming years will benefit rental firms
- The volume of merchandise trade that occurs between Australia and global markets affects demand for transport equipment leasing.
Biggest companies in the Transport Equipment and Large Vehicle Rental in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Brambles | 609.2 | |
Loscam | 159.0 | |
Royal Wolf | 119.3 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
A swelling number of businesses has deepened the pool of clients requiring rental vehicles
- Industry firms rent vehicles to consumers and businesses, including trucks, light commercial vehicles, campervans, buses and motorcycles.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Passenger Car Rental and Hiring in Australia
- Machinery and Scaffolding Rental in Australia
- Furniture, Appliance and Equipment Rental in Australia
- Integrated Logistics in Australia
International industries
- Truck Rental in the US
- Heavy Equipment Rental in the US
- Commercial Aircraft Leasing in the US
- Dumpster Rental in the US
- Truck Rental in Canada
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Vehicle rentalPallet and skid rentalContainer leasing and hiringVessel and aircraft leasingRolling stock leasingCompanies
BramblesLoscamRoyal WolfPurchase this report to view all 6 major companies in this industry.
Related Terms
OPERATING LEASEEQUIPMENT POOLINGSKIDIndustry Code
ANZSIC 6619 - Transport Equipment and Large Vehicle Rental in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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 ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
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...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
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...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Customer choosing to purchase transport equipment and large vehicles outright is a substitute for industry firms leasing and renting these products. Nonetheless, purchasing e...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Brambles Limited dominates the pallet and skid rental segment. Their pooling equipment solutions has helped them expand and reach clients globally.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Brambles's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Loscam's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Royal Wolf's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for Brambles, and factors influencing its performance in the industry
- Description and key data for Loscam, and factors influencing its performance in the industry
- Description and key data for Royal Wolf, and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
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...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
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...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Transport Equipment and Large Vehicle Rental industry in Australia in 2024?
The market size of the Transport Equipment and Large Vehicle Rental industry in Australia is $4.0bn in 2024.
How many businesses are there in the Transport Equipment and Large Vehicle Rental in Australia industry in 2023?
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.
Has the Transport Equipment and Large Vehicle Rental industry in Australia grown or declined over the past 5 years?
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.
What is the forecast growth of the Transport Equipment and Large Vehicle Rental industry in Australia over the next 5 years?
Over the next five years, the Transport Equipment and Large Vehicle Rental industry in Australia is expected to grow.
What are the biggest companies in the Transport Equipment and Large Vehicle Rental market in Australia?
The biggest companies operating in the Transport Equipment and Large Vehicle Rental market in Australia are Brambles, Loscam and Royal Wolf
What does the Transport Equipment and Large Vehicle Rental in Australia include?
Vehicle rental and Pallet and skid rental are part of the Transport Equipment and Large Vehicle Rental industry.
Which companies have the highest market share in the Transport Equipment and Large Vehicle Rental in Australia?
The company holding the most market share in Australia is Brambles.
How competitive is the Transport Equipment and Large Vehicle Rental industry in Australia?
The level of competition is moderate and increasing in the Transport Equipment and Large Vehicle Rental industry in Australia.
