The Tool and Equipment Rental industry was significantly challenged by the economic recession's impact on consumer spending and construction activity. As residential and nonresidential construction levels recovered over the past five years, demand for tool and equipment rental began its climb to prerecession levels. Over the next five years, the industry will benefit from a growing trend towards renting instead of purchasing tools and equipment, increased construction activity and growing disposable income.
This industry includes companies that primarily rent tools and small- to medium-size pieces of equipment, including contractors’ and builders’ tools and equipment (e.g. professional lawn mowers or tillers) and home maintenance tools (e.g. pressure washers). Rental of trucks and trailers without drivers, party and banquet equipment, personal and household goods and heavy construction equipment without operators are all excluded from this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.
