Industry Analysis & Industry Trends
Tools for success
Equipment rental centers were hard-hit by the subprime mortgage crisis. Falling construction levels caused rentals of construction equipment, a major source of industry revenue, to suffer. Better times are ahead, as the economic recovery will drive up construction and renovations. To save money, households and businesses will opt to rent equipment rather than purchase them. Rental centers will have to remain wary of rising theft, but increasing demand for rentals during the economic recovery will keep profit steady... purchase to read more
Industry Report - Industry Analysis Chapter
The Tool and Equipment Rental industry rents a diverse range of light tools, construction equipment and machinery primarily to construction contractors and to do-it-yourself (DIY) consumers. Contractor equipment and tools account for about 50.1% of revenue, which makes this industry susceptible to cyclical fluctuations in downstream construction markets. The industry also provides lighter tools and equipment to DIY consumers, which in turn subjects the industry to levels of per capita disposable income. This factor determines consumers' ability to undertake expensive, discretionary DIY home improvement projects that require the use of rented equipment... purchase to read more