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 | Aug 2014

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

IBISWorld’s Tool & Equipment Rental market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
Add to Cart
Add to Cart
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. As residential and nonresidential construction levels recovered over the past five years, demand for tool and equipment rental began its climb to prerecession levels. Over the next five years, the industry will benefit from a growing trend towards renting instead of purchasing tools and equipment, increased construction activity and growing disposable income will spur growth... purchase to read more

Industry Report - Industry Investment Chapter

Unlike most service industries, the Tool and Equipment Rental industry has a moderate level of capital intensity. The industry's higher-than-average depreciation costs are due to the purchase of many capital goods and equipment for rent to customers; larger products include aerial lifts, professional-grade lawn mowers, industrial pumps and pressure washers. Additionally, companies must continuously replace equipment with newer models to meet contractor demand and keep inventories in good working order. Technological developments also drive inventory replacement.

IBISWorld estimates that for every $1.00 spent in labor costs, the average operator typically spends $0.18 in capital investment... 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

View Sample
Select Clients