Tool & Equipment Rental in the US
The Tool and Equipment Rental industry falls under a larger umbrella of renting industries, which include specialized and heavy construction equipment that is excluded from the industry. Although these industries have largely benefited from improving construction markets, the Tool and Equipment Rental industry has not fared so well. During the recession, the industry tanked as construction slowed and the contractor segment shrank. Over the next five years, the industry will benefit from contractors resuming their prominence as the industry's largest consumer group. This will be aided by steady growth in the number of construction projects in both residential and nonresidential markets.
This industry comprises companies that primarily rent tools and small- to medium-size pieces of equipment, including contractors’ and builders’ tools and equipment and home maintenance tools for a short period of time. Rental of trucks and trailers without drivers, party and banquet equipment, personal and household goods, heavy construction equipment without operators, and specialized types of commercial and industrial equipment are all excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook