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Annual Survey of Commercial and Industrial Machinery and Equipment Rental and Leasing
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Total operating revenues for the commercial and industrial machinery and equipment rental and leasing industry rose 6.7% from 2005 to $6.0 billion in 2006.
Rising prices for crude petroleum and metals provided incentive for expanding mining activity and continued construction in the Alberta oil sands. In turn, this has stimulated continuing demand for the rental and leasing of heavy equipment, such as bulldozers, earthmoving equipment, mining machinery and oil field equipment.
About 72% of the operating revenues of this industry are derived from the rental and leasing of heavy equipment.
In terms of operating expenses, labour costs represented 24% of the total, or the largest share, followed by cost of goods (21%) and depreciation (17%).
Operating profit margins remained strong at 14.6%, up from 13.1% in 2005.
Businesses account for about 90% of the client base. This industry is dominated by large firms. The 20 largest firms generated 60% of the operating profits and just over 40 % of the revenues.
Note: Results from the 2006 Annual Survey of Commercial and Industrial Machinery and Equipment Rental and Leasing (and revised 2004 and 2005 data) are now available. The data for 2004 and 2005 have been revised to reflect more accurate coverage of the target population for this industry. Previous year figures have been revised to reflect more accurate coverage of the target population, based on information received in the current reference year. These data provide information such as the industry's revenue, expenditures, salaries and wages, and profit margin. The financing arm of the commercial and industrial machinery and equipment rental and leasing industry is excluded from this survey.
Available on CANSIM: table 352-0009.
Definitions, data sources and methods: survey number 2441.
For more information, or to enquire about the concepts, methods or data quality of this release, contact David Binks (613-951-0521, fax: 613-951-6696; david.binks@statcan.gc.ca), Service Industries Division.
