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Heavy Equipment Rental in South Dakota

Author.Name IBISWorld United States Last Updated: August 2025 NAICS SD53241

Heavy Equipment Rental in South Dakota industry analysis

The Heavy Equipment Rental industry in South Dakota is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xx locations. Industry employment has increased an annualized x% to xx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x% to xx locations. Industry employment is expected to increase an annualized x.x% to xx workers, while industry wages are forecast to increase % to $x.x million.

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About the Heavy Equipment Rental in South Dakota Market Research Report

What’s Included in the Heavy Equipment Rental in South Dakota Market Research Report

Definition of the Heavy Equipment Rental in South Dakota?

Industry operators rent or lease heavy construction, off-highway transportation, mining and forestry machinery and equipment without attached labor. 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 South Dakota?

The Heavy Equipment Rental in South Dakota includes air transportation equipment, rail transportation equipment, water transportation equipment, commercial and industrial equipment and construction, mining and forestry equipment. Related terms covered in the Heavy Equipment Rental in South Dakota 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 and a system designed to minimize costs and assist owners with procurement and maintenance decisions throughout the life of an asset.

Industry Performance of the Heavy Equipment Rental industry in South Dakota

Benchmark the Heavy Equipment Rental in South Dakota industry performance with all SD county and national performance.

Heavy Equipment Rental in South Dakota

#48 in Highest Revenue 0.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Heavy Equipment Rental in the US


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 South Dakota

See how key industry drivers, such as median houshold income, new business formation, per capita disposable income, value of construction, industrial production index and private investment in industrial equipment and machinery are impacting Heavy Equipment Rental in South Dakota

South Dakota Economic Indicators

Median Houshold Income
New Business Formation
Per Capita Disposable Income

View more economic information in SD State Economic profile

US Key External Drivers

Value of construction
Industrial production index
Private investment in industrial equipment and machinery

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

County Data of the Heavy Equipment Rental industry in South Dakota

Access proprietary data on county in the Heavy Equipment Rental in South Dakota, such as Pennington County, Minnehaha County and Haakon County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Heavy Equipment Rental industry in South Dakota

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 South Dakota in 2025?

The market size of the Heavy Equipment Rental industry in South Dakota is $49.7m in 2025.

How many businesses are there in the Heavy Equipment Rental industry in South Dakota in 2025?

There are 54 businesses in the Heavy Equipment Rental industry in South Dakota, which has been growing at an average annual rate of 10.4% from 2020 to 2025.

Has the Heavy Equipment Rental industry in South Dakota grown or declined over the past 5 years?

The market size of the Heavy Equipment Rental industry in South Dakota has been growing at an average annual rate of 2.1% from 2020 to 2025.

How many employees in the Heavy Equipment Rental industry in South Dakota in 2025?

There are 94 employees in the Heavy Equipment Rental industry in South Dakota, which has been growing at an average annual rate of 3.0% from 2020 to 2025.