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The US Rental Equipment Market: Size, Trends and Forecast (2019-2023 Edition)

The US Rental Equipment Market: Size, Trends and Forecast (2019-2023 Edition)

Scope of the Report

The report entitled “The US Rental Equipment Market: Size, Trends and Forecast (2019-2023 Edition)” provides an in-depth analysis of the US rental equipment market including detailed description of market sizing and growth. The report provides an analysis of the US rental equipment market by value, by penetration rate and includes segment analysis as well.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the US rental equipment market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The major players dominating the US rental equipment market are United Rentals, Inc., Ashtead Group (Sunbelt), Herc Holdings Inc. and The Home Depot, Inc. The four companies have been profiled in the report providing their business overview, financial overview and business strategies.

Company Coverage

United Rentals, Inc.
Ashtead Group (Sunbelt)
Herc Holdings Inc
The Home Depot, Inc.

Executive Summary

The rental equipment includes different machineries and tools of various types and sizes, which is provided by the rental companies on lease or on rent. The equipment is used by the customers for a limited span of time. The customers need to pay rental charges to the rental companies, along with some extra charging elements, such as travel cost, installation or services cost, etc.

Rental equipment can help many industries to fulfill the seasonal demand of equipment. The main benefits of the rental equipment include the catering to short-term equipment need, forgoing the upfront investment, decreasing long-run expense, saving tax, solving equipment storage issues, shielding from market fluctuation and eliminating the responsibility of testing, maintenance and service.

The rental equipment market can be segmented on the basis of type (Party and Event equipment, General Tools & Construction and Industrial Equipment) and industry (Oil & Gas Industry, Construction Industry, Mining Industry & Power Industry). The construction and Industrial rental equipment market can be further segmented on the basis of type (Earthmoving Machinery, Material Handing Machinery and Concrete Road Construction).

The US rental equipment market has increased significantly during the years 2016-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The rental equipment market is expected to increase due to growing construction spending, escalating oil and natural gas production, rising employment, soaring investment in rental equipment, increasing labor cost, etc. Yet the market faces some challenges such as complex business and use of rental equipment by unqualified operators, etc.


1. Executive Summary
2. Introduction
2.1 Rental Equipment: An Overview
2.1.1 Benefits of Rental Equipment
Table 1: Benefits of Rental Equipment
2.1.2 General Terms and Conditions of Rental Equipment Agreement
2.2 Rental Equipment Segmentation: An Overview
2.2.1 Rental Equipment Segmentation by Type
Table 2: Rental Equipment Segmentation by Type
2.2.2 Rental Equipment Segmentation by Industry
Table 3: Rent Equipment Segmentation by Industry
3. The US Market Analysis
3.1 The US Rental Equipment Market: An Analysis
3.1.1 The US Rental Equipment Market by Value
Table 4: The US Rental Equipment Market by Value; 2016-2018 (US$ Billion)
Table 5: The US Rental Equipment Market by Value; 2019-2023 (US$ Billion)
3.1.2 The US Rental Equipment Market Penetration Rate
Table 6: The US Rental Equipment Market Penetration Rate; 2014-2018 (Percentage, %)
Table 7: The US Rental Equipment Market Penetration Rate; 2019-2023 (Percentage, %)
3.1.3 The US Rental Equipment Market by Segments (General Tool, Party and Events Equipment, Construction and Industrial Equipment)
Table 8: The US Rental Equipment Market by Segments; 2018 (Percentage, %)
3.2 The US Rental Equipment Market: Segment Analysis
3.2.1 The US Construction and Industrial Rental Equipment Market by Value
Table 9: The US Construction and Industrial Rental Equipment Market by Value; 2016-2018 (US$ Billion)
Table 10: The US Construction and Industrial Rental Equipment Market by Value; 2019-2023 (US$ Billion)
3.2.2 The US Construction and Industrial Rental Equipment Market Segments by Value
Table 11: The US Construction and Industrial Rental Equipment Market Segments by Value; 2016-2018 (US$ Billion)
Table 12: The US Construction and Industrial Rental Equipment Market Segments by Value; 2019-2023 (US$ Billion)
3.2.3 The US General Tool Rental Equipment Market by Value
Table 13: The US General Tool Rental Equipment Market by Value; 2016-2018 (US$ Billion)
Table 14: The US General Tool Rental Equipment Market by Value; 2016-2018 (US$ Billion)
3.2.4 The US Party and Events Rental Equipment Market by Value
Table 15: The US Party and Events Rental Equipment Market by Value; 2016-2018 (US$ Billion)
Table 16: The US Party and Events Rental Equipment Market by Value; 2019-2023 (US$ Billion)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Growing Construction Spending
Table 17: The US Construction Spending; 2015-2019 (US$ Trillion)
Table 18: The US Construction Spending by Segment; 2016-2020 (US$ Billion)
4.1.2 Escalating Oil and Natural Gas Production
Table 19: The US Oil Production; 2010-2017 (Million Barrels)
Table 20: The US Natural Gas Production; 2010-2017 (Billion Cubic Feet)
4.1.3 Rising Employment
Table 21: The US Employment Rate; 2014-2018 (Percentage, %)
Table 22: The US Construction Employees; 2015-2019 (Million)
4.1.4 Soaring Investment in Rental Equipment
Table 23: The US Rental Equipment Investment; 2015-2019 (US$ Billion)
4.1.5 Increasing Labor Cost
Table 24: The US Unit Labor Cost; 2014-2018 (Index Points)
4.1.6 Rapid Urbanization
Table 25: The US Total Population & Urban Population; 2012-2017 (Million & Percentage, %)
4.1.7 Rising GDP
Table 26: The US Manufacturing, Construction & Mining GDP; 2014-2018 (US$ Billion)
4.2 Challenges
4.2.1 Complex Business
4.2.2 Use of Rental Equipment by Unqualified Operators
4.3 Market Trends
4.3.1 Surging Infrastructure Investment
Table 27: The US Highway and Street Infrastructure Spending; 2018-2023 (US$ Billion)
4.3.2 Emergence of Deep Sea Mining
4.3.3 Increasing Preference of Heavy Rental Equipment
5. Competitive Landscape
5.1 The US Rental Equipment Market Players: Financial Comparison
Table 28: The US Rental Equipment Market Players: Financial Comparison; 2018
5.2 The US Rental Equipment Players by Market Share
Table 29: The US Rental Equipment Players by Market Share; 2018 (Percentage, %)
6. Company Profiles
6.1 United Rentals, Inc.
6.1.1 Business Overview
Table 30: United Rentals, Inc. Segments
Table 31: United Rentals, Inc. Products and Services
6.1.2 Financial Overview
Table 32: United Rentals Inc. Total Revenue; 2014-2018 (US$ Billion)
Table 33: United Rentals Inc. Total Revenue by Segments; 2018 (Percentage, %)
Table 34: United Rentals Inc. Total Revenue by Sub-Segments; 2018 (Percentage, %)
Table 35: United Rentals, Inc. Total Revenue by Products and Services; 2018 (Percentage, %)
Table 36: United Rentals, Inc. Total Revenue by Region; 2018 (Percentage, %)
6.1.3 Business Strategy
6.2 Ashtead Group (Sunbelt)
6.2.1 Business Overview
Table 37: Ashtead Group Segments
Table 38: Ashtead Group Products and Services
6.2.2 Financial Overview
Table 39: Ashtead Group Revenue; 2014-2018 (US$ Billion)
Table 40: Ashtead Group Revenue by Equipment Type; 2018 (Percentage, %)
Table 41: Ashtead Group Revenue by Segments; 2018 (Percentage, %)
Table 42: Ashtead Group Revenue by Region; 2018 (Percentage, %)
6.2.3 Business Strategy
6.3 Herc Holdings Inc.
6.3.1 Business Overview
Table 43: Herc Holdings Inc. Products and Services
Table 44: Herc Holdings Inc. Customers
6.3.2 Financial Overview
Table 45: Herc Holdings Inc. Total Revenue; 2014-2018 (US$ Billion)
Table 46: Herc Holdings Inc. Total Revenue by Segments; 2018 (Percentage, %)
Table 47: Herc Holdings Inc. Total Revenue by Products and Services; 2018 (Percentage, %)
Table 48: Herc Holdings Inc. Total Revenue by Region; 2018 (Percentage, %)
6.3.3 Business Strategy
6.4 The Home Depot, Inc.
6.4.1 Business Overview
Table 49: The Home Depot, Inc. Major Product Lines
Table 50: The Home Depot, Inc. Customers
6.4.2 Financial Overview
Table 51: The Home Depot, Inc. Net Sales; 2014-2018 (US$ Billion)
Table 52: The Home Depot, Inc. Net Sales by Segments; 2018 (Percentage, %)
Table 53: The Home Depot, Inc. Net Sales by Merchandising Departments; 2018 (Percentage, %)
Table 54: The Home Depot, Inc. Net Sales by Region; 2018 (Percentage, %)
6.4.3 Business Strategy

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