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 Locations Chapter
Firms in this industry typically operate from retail-like or store-front facilities and maintain a range of consumer, commercial and industrial equipment that are rented out for relatively short periods of time. Firms tend to be located in densely populated areas with high levels of residential and commercial construction activity. Industry establishments are primarily located in the Southeast, Great Lakes, Southwest and West regions of the country.
The Southeast is the most populous region in the United States, accounting for 25.4% of the country's population. This region holds an estimated 31.5% of the industry's establishments and is dominated by small operators that work in local markets... purchase to read more