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Tool & Equipment Rental in the US Industry Data and Analysis
The Tool and Equipment Rental industry has proven its resilience amid persistent economic uncertainty, exhibiting a substantial shift toward rentals over outright purchases among contractors, project managers and homeowners. This trend allows greater access to premium equipment without the high upfront costs or long-term financial commitment. Rental providers are experiencing a gain in demand from both professional and DIY markets, prompting them to expand their inventories. Simultaneously, rental providers are investing in digital rental platforms offering online scheduling, real-time fleet tracking and automated workflows to streamline operations for consumers and commercial clients. Overall, industry revenue has climbed at a CAGR of 3.9% to $5.7 billion through the five years to 2025, including an estimated 2.6% gain in 2025 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Tool & Equipment Rental industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released October 2025.
About this industry
What's this industry report about?
The Tool & Equipment Rental industry in the United States operates under the NAICS industry code 53231. 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. Related terms covered in the Tool & Equipment Rental industry in the United States include nonemployer, do-it-yourself (diy) and aerial lifts.
What's included in this industry?
Products and services covered in Tool & Equipment Rental industry in the United States include Contractor equipment, Home tools and DIY equipment rental and Renting consumer goods.
What companies are included in this industry?
The Tool & Equipment Rental industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Tool & Equipment Rental industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Tool & Equipment Rental industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Tool & Equipment Rental industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Tool & Equipment Rental industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Tool & Equipment Rental industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Tool & Equipment Rental industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Tool & Equipment Rental industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Tool & Equipment Rental industry in the United States.
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Frequently Asked Questions
What is the market size of the Tool & Equipment Rental industry in the United States in 2026?
The market size of the Tool & Equipment Rental industry in the United States is $5.7bn in 2026.
How many businesses are there in the Tool & Equipment Rental industry in the United States in 2025?
There are 13,749 businesses in the Tool & Equipment Rental industry in the United States, which has grown at a CAGR of 7.9 % between 2020 and 2025.
How may import tariffs affect the Tool & Equipment Rental industry in the United States?
The Tool & Equipment Rental industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Tool & Equipment Rental industry in the United States?
The Tool & Equipment Rental industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Tool & Equipment Rental industry in the United States grown or declined over the past 5 years?
The market size of the Tool & Equipment Rental industry in the United States has been growing at a CAGR of 3.9 % between 2020 and 2025.
What is the forecast growth of the Tool & Equipment Rental industry in the United States over the next 5 years?
Over the next five years, the Tool & Equipment Rental industry in the United States is expected to grow.
What does the Tool & Equipment Rental industry in the United States include?
Contractor equipment and Home tools and DIY equipment rental are part of the Tool & Equipment Rental industry in the United States.
How competitive is the Tool & Equipment Rental industry in the United States?
The level of competition is moderate and increasing in the Tool & Equipment Rental industry in the United States.
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