Renting of Water Transport Equipment in Australia: ISIC 7112 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-02 07:39:01
Having grown 5% annually over 2000-2010, the Australian water transport equipment rental industry is dependent both on the tourism and on marine transportation categories, which have opposing effects for the near future.
The total water transport rental market increased by a net 56% over the decade under review, and reached a value of A$832 million in 2010. The largest year-on-year growth of 9% came in 2004, and the largest decline of 2% in 2009 when demand in the marine transportation segment dropped significantly while the tonnage remained high.
This decreased rates and made it harder for ship-operating companies to break even and, therefore, also harder to fulfil their lease and rental contracts. The industry is largely dependent on tourism, but lease of water transport equipment is also a sizeable end-use of total lease and equipment finance activities in Australia.
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