Tool & Equipment Rental in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tool & Equipment Rental Market Research Report | NAICS 53231 | Dec 2013

Trying not buying: A growing rental trend will drive industry growth

The Tool & Equipment Rental market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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Industry Analysis & Industry Trends

The Tool and Equipment Rental industry was significantly challenged by the economic recession's impact on consumer spending and construction activity. However, due to the current economic recovery, the industry is benefiting from a trend toward renting instead of purchasing tools and equipment, which gained prominence during the downturn. This trend, along with improved disposable income and a resurgence of construction activity across a range of markets, will drive future growth... purchase to read more

Industry Report - Industry Products Chapter

Contractor equipment

Tools and equipment meant for use by trained specialty contractors are estimated to account for the largest share of industry revenue (50.1%) in 2013. Such products include air compressors, compactors, concrete equipment, generators, scaffolding, welders and sheet metal-cutting tools. Aerial lifts make up a substantial share of revenue and are used by cleaners, painters, maintenance crews and roofers. During the recession, this segment's share of revenue contracted as construction markets collapsed and contractors' project volumes fell, lowering the demand for construction-related tools. While the segment has recovered since 2009, it remains a smaller part of industry revenue than in 2008... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Tool & Equipment Rental Industry?

This industry includes companies that primarily rent tools and small- to medium-size pieces of equipment, including contractors’ and builders’ tools and equipment (e.g. professional lawn mowers or tillers) and home maintenance tools (e.g. pressure washers). Rental of trucks and trailers without drivers, party and banquet equipment, personal and household goods and heavy construction equipment without operators are all excluded from this industry.

Industry Products
Contractor equipmentHome tools and DIY equipment rentalOther equipment rentalRetail salesDelivery, repair and other services
Industry Activities
Rental of contractors' and builders' tools and equipmentRental of home repair toolsRental of moving equipment and supplies (except trucks and vans)Rental of floor-waxing and sanding machinesRental of lawn and garden equipmentRental of various work tools and equipment

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