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Heavy Equipment Rental in Nova Scotia

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NS53241CA

Heavy Equipment Rental in Nova Scotia industry analysis

Revenue for the Heavy Equipment Rental industry in Nova Scotia is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xx locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Heavy Equipment Rental in Nova Scotia Market Research Report

What’s Included in the Heavy Equipment Rental in Nova Scotia Market Research Report

Definition of the Heavy Equipment Rental in Nova Scotia?

The Heavy Equipment Rental industry in Canada rents or leases heavy construction equipment, off-highway transportation, mining and forestry machinery and equipment without operators. Companies in this industry may rent or lease products including aircraft, railcars, steamships, tugboats, bulldozers, earthmoving equipment, cranes or well-drilling machinery and equipment.

What’s included in the Heavy Equipment Rental in Nova Scotia?

The Heavy Equipment Rental in Nova Scotia includes construction, mining, agricultural and forestry equipment, transport equipment and other industrial equipment. Related terms covered in the Heavy Equipment Rental in Nova Scotia industry report includes a type of lease in which the lessee only uses the asset for some of the asset's life, a type of lease in which the lessee has use of the asset throughout most of its economic life and beyond. a nominal residual payment is common at the end of the lease term to assume ownership, a system designed to minimize costs and assist owners with procurement and maintenance decisions throughout the life of an asset and the share of a company's equipment that is rented out.

Industry Performance of the Heavy Equipment Rental industry in Nova Scotia

Benchmark the Heavy Equipment Rental in Nova Scotia industry performance with all NS Census Metropolitan Area and national performance.

Heavy Equipment Rental in Nova Scotia

#7 in Highest Revenue 1.2% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Heavy Equipment Rental in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Heavy Equipment Rental industry in Nova Scotia

See how key industry drivers, such as population, median houshold income, private investment in non-residential construction, industrial capacity utilization, value of nonresidential construction and value of residential construction are impacting Heavy Equipment Rental in Nova Scotia

Nova Scotia Economic Indicators

Population
Median Houshold Income
Private Investment in Non-Residential Construction

View more economic information in NS State Economic profile

Canada Key External Drivers

Industrial capacity utilization
Value of nonresidential construction
Value of residential construction

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Heavy Equipment Rental industry in Nova Scotia

Access proprietary data on Census Metropolitan Area in the Heavy Equipment Rental in Nova Scotia, such as Halifax, Cape Breton and New Glasgow. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Heavy Equipment Rental industry in Nova Scotia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Heavy Equipment Rental industry in Nova Scotia in 2025?

The market size of the Heavy Equipment Rental industry in Nova Scotia is $137.4m in 2025.

How many businesses are there in the Heavy Equipment Rental industry in Nova Scotia in 2025?

There are 70 businesses in the Heavy Equipment Rental industry in Nova Scotia, which has been growing at an average annual rate of 1.8% from 2020 to 2025.

Has the Heavy Equipment Rental industry in Nova Scotia grown or declined over the past 5 years?

The market size of the Heavy Equipment Rental industry in Nova Scotia has been growing at an average annual rate of 5.4% from 2020 to 2025.

How many employees in the Heavy Equipment Rental industry in Nova Scotia in 2025?

There are 319 employees in the Heavy Equipment Rental industry in Nova Scotia, which has been growing at an average annual rate of 5.1% from 2020 to 2025.