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

IBISWorld’s Tool & Equipment Rental market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
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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 - Starting a New Business Chapter

Barriers to entering the Tool and Equipment Rental industry are low to moderate. Though companies and individuals can start with modest inventory levels, there is a relatively steep capital investment needed to maintain an inventory of tools, equipment and machinery demanded by local contractors and DIY consumers. During the recession, smaller firms and new entrants were able to acquire inventory from auctions by the larger firms that had excessive fleets. This made the startup capital needed to enter the industry less during the period.

High costs to buy or lease building facilities vary across regions. These expenses can be considerable in well-established, highly populated cities. However, in smaller cities and suburban regions, costs to set up a rental center are much lower... 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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