In good repair: The steady recovery of construction markets will lead to moderate revenue growth

The Tool and Equipment Rental industry falls under a larger umbrella of rental industries that have largely benefited from improving nonresidential construction markets. This industry, however, has been slower to recover. Thus, as multifamily and nonresidential construction grew slowly in 2013 industry revenue continued declining. It was not until these markets had mostly recovered that industry operators began experiencing increased demand for their services. Over the next five years, the industry will continue benefiting from contractors resuming their prominence as the industry's largest consumer group. This will be aided by steady growth in the number of construction projects in both residential and nonresidential markets...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • As construction projects increase, contractors will resume their prominence as the industry’s largest consumer group
  • With the recovery of construction markets, consumers have opted to hire contractors
  • Higher per capita disposable income will encourage households to hire professionals to undertake home improvement projects
  • Industry Report - Industry Products Chapter

    Contractor equipmentContractor equipment (tools and equipment used by trained specialty contractors) is estimated to comprise 47.2% in 2017, accounting for the largest share of industry revenue. Such products include air compressors, compactors, concrete equipment, generators, scaffolding, welders and sheet metal cutting tools. During the early recovery period, this segment's share of revenue contracted as construction markets struggled to exit the real estate collapse and contractors' project volumes remained low, lowering demand for construction-related tools. While the segment has recovered since 2012, it remains a smaller part of industry revenue than prerecessionary levels...purchase to read more.

    Additional Insights for the Tool & Equipment Rental Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tool & Equipment Rental Industry are

  • Ability to attract local patronage
  • Ability to quickly adopt new technology
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction and Value of residential construction in the Tool & Equipment Rental industry impact industry performance..

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    What's in this report

    What is the Tool & Equipment Rental Industry?

    This industry comprises companies that primarily rent tools and small- to medium-size pieces of equipment, including contractors’ and builders’ tools and equipment and home maintenance tools for a short period of time. Enterprises that primarily focus on other rentals like trucks and trailers without drivers, party and banquet equipment and personal and household goods are all excluded from this industry.

    Industry Products
  • Contractor equipment
  • Home tools and DIY equipment rental
  • Consumer goods rental
  • Rental of other goods
  • Delivery, repair and other services
  • Industry Activities
  • Rental of contractors' and builders' tools and equipment
  • Rental of home repair tools
  • Rental of moving equipment and supplies, except trucks and vans
  • Rental of floor-waxing and -sanding machines
  • Rental of lawn and garden equipment
  • Rental of various work tools and equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction
  • Value of residential construction
  • Per capita disposable income
  • Homeownership rate

  • Current Performance
  • Construction markets
  • Consumer markets
  • Operating conditions
  • Chart: Revenue Growth

  • Industry Outlook
  • Rebounding construction activity
  • Structural shifts
  • Table: Tool & Equipment Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tool & Equipment Rental Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Painters
  • Carpenters
  • Roofing Contractors
  • Municipal Building Construction
  • Plumbers
  • Consumers

  • Key Selling Industries
  • Farm, Lawn & Garden Equipment Wholesaling
  • Industrial Machinery & Equipment Wholesaling
  • Industrial Supplies Wholesaling
  • Tool & Hardware Wholesaling

  • Products & Services
  • Contractor equipment
  • Home tools and DIY equipment rental
  • Rental of other goods
  • Consumer goods rental
  • Delivery, repair and other services
  • Chart: Tool & Equipment Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Independent builders and contractors
  • Private households
  • Construction companies
  • Industrial companies
  • Other
  • Government
  • Chart: Major Market Segmentation for the Tool & Equipment Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Tool & Equipment Rental

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tool & Equipment Rental Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tool & Equipment Rental Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Tool & Equipment Rental Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Private Nonresidential Construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Aerial Lifts
  • Equipment used to raise workers or materials to work sites.
  • Do-It-Yourself
  • A project in which a consumer does the work themself instead of hiring a professional contractor.
  • Nonemployer
  • An industry operator with one location and no employees (e.g. a sole proprietor).
  • What Our Customers Say

    Why buy this report?

    The Tool & Equipment Rental Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Tool & Equipment Rental:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tool & Equipment Rental market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tool & Equipment Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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