Tool & Equipment Rental in the US - Industry Market Research Report

Tool & Equipment Rental in the US

The Tool and Equipment Rental industry falls under a larger umbrella of rental industries that have largely benefited from growing nonresidential construction markets. As construction markets were well into recovery at the start of the five-year period to 2019, the industry experienced consistent growth during the current period. Although the average industry profit margin grew during the early part of the period, it declined sharply in 2017 due to a rise in steel prices. Even as the industry grew, residential and nonresidential clients alike were wary of spending due to the previous economic downturn. As a result, the do-it-yourself segment has continued its growth in popularity. While this segment has remained active, the largest growth in demand has been from contractors and construction companies. Over the five years to 2024, the industry will likely continue benefiting from contractors resuming their prominence as the industry's largest consumer group, along with continued growth in per capita disposable income. Furthermore, renting will likely remain an attractive option for companies that still seek to bolster their profit margin by outsourcing storage and tool maintenance costs.

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. Enterprises that primarily focus on other rentals such as trucks and trailers without drivers, party and banquet equipment and personal and household goods 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.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2019)
    • Table Industry Structure
  • Industry Performance
    • Table Value of residential construction
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2019)
    • Table Major market segmentation (2019)
    • Table Business Locations 2019
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
    • Table Industry Financial Ratios
  • Jargon & Glossary

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook