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Tool Rental in the US Procurement Price, Data and Insights
Suppliers rent out a variety of professional-quality tools, ranging from small hand tools to large machinery. Commonly rented tools include carpentry tools, plumbing equipment, lawn and garden equipment, painting and texturing tools, pressure washers, lifts and jackhammers. For the purpose of this report, renters of tools are referred to as buyers. Key buyers include construction contractors, industrial firms, manufacturers and private households.
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What’s included in this market coverage
IBISWorld's research coverage on the Tool Rental procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Tool Rental market in the United States includes Concrete Saw, Drill, Drain Cleaner, Chainsaw, Wheelbarrow, Aerator, Blower, Lawnmower, Sander and Carpet Cleaner. Standard coding in this coverage includes HS-8205-Tools, Hand; (Including Glaziers' Diamonds) N.E.C.; Blow Lamps; Vices, Clamps Etc, Other Than Accessories For And Parts Of, Machine-Tools Or Water-Jet Cutting Machines; Anvils; Portable Forges; Hand, ISIC-773-Renting and leasing of other machinery, equipment and tangible goods, NACE-77.39-Rental And Leasing Of Other Machinery, Equipment And Tangible Goods N.E.C., NAICS-532490-Other commercial and industrial machinery and equipment rental and leasing and UNSPSC-72141700-Construction machinery and equipment rental or leasing services.
What common market terminology is included?
Common market terminology included in the Tool Rental procurement coverage includes Do-It-Yourself (DIY) Project (A project that a consumer undertakes him or herself instead of hiring a professional contractor to do it.), Subcontractor (An individual or company hired by a general or prime contractor to perform a specific task as part of a larger project.) and Hand Tool (A tool that does not require a motor to operate and is instead operated manually.).
What companies are included as top suppliers?
The top companies covered in the Tool Rental procurement report as suppliers are EquipmentShare Inc., Aggreko Plc, H&E Equipment Services, Inc., The Home Depot Inc. and Herc Holdings Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Tool Rental market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per day, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Tool Rental market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Tool Rental procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Tool Rental market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Tool Rental market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Tool Rental?
The 2026 benchmark market price for Tool Rental is $47.21 per day. Prices have increased at a CAGR of 0.59 from 2023-26.
Who are the top vendors in the Tool Rental market?
The top vendors in the Tool Rental market include EquipmentShare Inc., Aggreko Plc, H&E Equipment Services, Inc., The Home Depot Inc. and Herc Holdings Inc..
What industries supply the Tool Rental market?
The top industries supplying the Tool Rental market are Tool & Equipment Rental in the US, Hand Tool Manufacturing in the US, Power Tool Manufacturing in the US, Tool & Hardware Wholesaling in the US, Hand Tool Manufacturing in the US, Power Tool Manufacturing in the US, Computer Manufacturing in the US and IT Consulting in the US.
What is the supply chain risk for Tool Rental?
Moderate market share concentration enables buyers to pursue competitive bids and contract incentives. Tool rental is subject to a moderate level of market share concentration, with the top four vendors controlling between about 35.0% of market revenue. Moderate market share concentration benefits buyers by promoting competition between vendors. Furthermore, buyers can strengthen their negotiating position by engaging multiple vendors for competitive bidding and benchmarking vendors against their competitors.
What factors affect the price of Tool Rental?
Rental and lease length significantly affects pricing in the tool rental market, as longer rental periods often lead to lower daily rates due to volume discounts and reduced turnover costs. For example, a construction contractor renting a jackhammer for a week may pay a lower daily rate compared to one renting it for a single day, encouraging longer commitments and maximizing supplier utilization.
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