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Tool & Equipment Rental in Connecticut

Author.Name IBISWorld United States Last Updated: April 2025 NAICS CT53231

Tool & Equipment Rental in Connecticut industry analysis

The Tool & Equipment Rental industry in Connecticut is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has decreased an annualized -x.x% to xx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to decrease an annualized -x.x% to xx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Tool & Equipment Rental in Connecticut Market Research Report

What’s Included in the Tool & Equipment Rental in Connecticut Market Research Report

Definition of the Tool & Equipment Rental in Connecticut?

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 such as trucks and trailers without drivers, party and banquet equipment and personal and household goods are all excluded from this industry.

What’s included in the Tool & Equipment Rental in Connecticut?

The Tool & Equipment Rental in Connecticut includes contractor equipment, home tools and diy equipment rental, renting consumer goods, other equipment rentals and delivery, repair and other services. Related terms covered in the Tool & Equipment Rental in Connecticut industry report includes an industry operator with one location and no employees (e.g. a sole proprietor), a project in which a consumer does the work themselves instead of hiring a professional contractor and equipment used to raise workers or materials to work sites.

Industry Performance of the Tool & Equipment Rental industry in Connecticut

Benchmark the Tool & Equipment Rental in Connecticut industry performance with all CT county and national performance.

Tool & Equipment Rental in Connecticut

#47 in Highest Revenue 0.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Tool & Equipment Rental in the US


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Tool & Equipment Rental industry in Connecticut

See how key industry drivers, such as population, unemployment rate, median houshold income, value of residential construction, per capita disposable income and housing starts are impacting Tool & Equipment Rental in Connecticut

Connecticut Economic Indicators

Population
Unemployment Rate
Median Houshold Income

View more economic information in CT State Economic profile

US Key External Drivers

Value of residential construction
Per capita disposable income
Housing starts

For the full list of industry drivers, see report purchase options.

County Data of the Tool & Equipment Rental industry in Connecticut

Access proprietary data on county in the Tool & Equipment Rental in Connecticut, such as Hartford County, Fairfield County and New Haven County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Tool & Equipment Rental industry in Connecticut

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Tool & Equipment Rental industry in Connecticut in 2025?

The market size of the Tool & Equipment Rental industry in Connecticut is $11.9m in 2025.

How many businesses are there in the Tool & Equipment Rental industry in Connecticut in 2025?

There are 67 businesses in the Tool & Equipment Rental industry in Connecticut, which has been declining at an average annual rate of -0.6% from 2020 to 2025.

Has the Tool & Equipment Rental industry in Connecticut grown or declined over the past 5 years?

The market size of the Tool & Equipment Rental industry in Connecticut has been declining at an average annual rate of -6.5% from 2020 to 2025.

How many employees in the Tool & Equipment Rental industry in Connecticut in 2025?

There are 78 employees in the Tool & Equipment Rental industry in Connecticut, which has been declining at an average annual rate of -3.9% from 2020 to 2025.