Mobile Menu

Heavy Equipment Rental in Nunavut

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NU53241CA

Heavy Equipment Rental in Nunavut industry analysis

Revenue for the Heavy Equipment Rental industry in Nunavut 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 stagnated an annualized x% to x locations over the past five years. Industry employment has stagnated an annualized x% to x workers during the period, while industry wages have increased an annualized x.x% to $x.x thousand.

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

Unbiased research for even more industries at your fingertips

  • 5000+Industries covered
  • 100+Local analysts
  • 250k+Hours of detailed analysis
  • 100k+Subscriber community

Purchase a membership to access this industry and so much more.

About the Heavy Equipment Rental in Nunavut Market Research Report

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

Definition of the Heavy Equipment Rental in Nunavut?

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 Nunavut?

The Heavy Equipment Rental in Nunavut includes construction, mining, agricultural and forestry equipment, transport equipment and other industrial equipment. Related terms covered in the Heavy Equipment Rental in Nunavut 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 Nunavut

Benchmark the Heavy Equipment Rental in Nunavut industry performance with all NU Census Metropolitan Area and national performance.

Heavy Equipment Rental in Nunavut

#13 in Highest Revenue 0% 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 Nunavut

See how key industry drivers, such as gross domestic product, private investment in residential construction, private investment in non-residential construction, industrial capacity utilization, value of nonresidential construction and value of residential construction are impacting Heavy Equipment Rental in Nunavut

Nunavut Economic Indicators

Gross Domestic Product
Private Investment in Residential Construction
Private Investment in Non-Residential Construction

View more economic information in NU 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 Nunavut

Key Statistics of the Heavy Equipment Rental industry in Nunavut

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

Need a deeper insight?
Get a free tour.

Free Tour

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

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

The market size of the Heavy Equipment Rental industry in Nunavut is $2.1m in 2025.

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

There are 2 businesses in the Heavy Equipment Rental industry in Nunavut, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Heavy Equipment Rental industry in Nunavut has been growing at an average annual rate of 5.1% from 2020 to 2025.

How many employees in the Heavy Equipment Rental industry in Nunavut in 2025?

There are 5 employees in the Heavy Equipment Rental industry in Nunavut, which has been declining at an average annual rate of 0.0% from 2020 to 2025.