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Tool & Equipment Rental in South Dakota

Author.Name IBISWorld United States Last Updated: April 2025 NAICS SD53231

Tool & Equipment Rental in South Dakota industry analysis

The Tool & Equipment Rental industry in South Dakota 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 increased an annualized x% to xx locations. Industry employment has decreased an annualized -x.x% to xxx 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 grow 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% to xx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Tool & Equipment Rental in South Dakota Market Research Report

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

Definition of the Tool & Equipment Rental in South Dakota?

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 South Dakota?

The Tool & Equipment Rental in South Dakota 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 South Dakota 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 South Dakota

Benchmark the Tool & Equipment Rental in South Dakota industry performance with all SD county and national performance.

Tool & Equipment Rental in South Dakota

#42 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 South Dakota

See how key industry drivers, such as median houshold income, new business formation, per capita disposable income, value of residential construction, per capita disposable income and housing starts are impacting Tool & Equipment Rental in South Dakota

South Dakota Economic Indicators

Median Houshold Income
New Business Formation
Per Capita Disposable Income

View more economic information in SD 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 South Dakota

Access proprietary data on county in the Tool & Equipment Rental in South Dakota, such as Minnehaha County, Lincoln County and Brookings County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Tool & Equipment Rental industry in South Dakota

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 South Dakota in 2025?

The market size of the Tool & Equipment Rental industry in South Dakota is $15.7m in 2025.

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

There are 79 businesses in the Tool & Equipment Rental industry in South Dakota, which has been growing at an average annual rate of 4.0% from 2020 to 2025.

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

The market size of the Tool & Equipment Rental industry in South Dakota has been declining at an average annual rate of -1.7% from 2020 to 2025.

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

There are 124 employees in the Tool & Equipment Rental industry in South Dakota, which has been declining at an average annual rate of -3.3% from 2020 to 2025.