Forgot Password?

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 | Mar 2017

In good repair: The steady recovery of construction markets will lead to moderate revenue 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 12-17
Annual Growth 17-22
Annual Growth
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
  • ... purchase to read more

Industry Analysis & Industry Trends

The Tool and Equipment Rental industry is one of many renting industries to benefit from improving nonresidential construction markets. However, this industry's improvements have been gradual. 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 benefit 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 Report - Industry Locations Chapter

Companies in this industry typically operate from retail-like or store-front facilities and maintain a range of consumer, commercial and industrial equipment that is rented out for relatively short periods of time. Companies tend to be located in densely populated areas with high levels of residential and commercial construction activity. Given the number of industry operators, however, a geographic representation can alter significantly over a single year. Industry establishments are primarily located in the Southeast, the Great Lakes, the West and the Mid-Atlantic regions of the country.


The Southeast is the most populous region in the United States, accounting for 25.5% of the country’s population. This region holds an identical 25.6% o.. ... 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... purchase to read more


    Industry ProductsRelated Reports

    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 equipmentHome tools and DIY equipment rentalConsumer goods rentalRental of other goodsDelivery, 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 vansRental of floor-waxing and -sanding machinesRental of lawn and garden equipmentRental of various work tools and equipment

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Products & Markets
    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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • 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
    Major Companies
    United Rentals Inc.
    Sunbelt Rentals
    Herc Holdings Inc.
  • Table: United Rentals Inc. - financial performance
  • Table: Sunbelt Rentals - financial performance
  • Table: Herc Holdings Inc. - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Tool & Equipment Rental Industry
  • Includes:
  • 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
  • Jargon & Glossary
    Aerial Lifts
  • Equipment used to raise workers or materials to work sites.
  • Do-It-Yourself
  • A project in which a consumer undertakes work him or herself instead of hiring a professional contractor.
  • Nonemployer
  • An industry operator with one location and no employees (e.g. a sole proprietor).

  • Why Buy this Report?
    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 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.

    View Sample
    Select Clients
    Back to Top