In good repair: The steady recovery of construction markets will lead to moderate revenue growthAbstractTool & Equipment Rental in the US
The Tool and Equipment Rental industry falls under a larger umbrella of rental industries that have largely benefited from improving nonresidential construction markets. This industry, however, has been slower to recover. Thus, as multifamily and nonresidential construction grew slowly in 2013 industry revenue continued declining. It was not until these markets had mostly recovered that industry operators began experiencing increased demand for their services. Over the next five years, the industry will continue benefiting from contractors resuming their prominence as the industry’s largest consumer group. This will be aided by steady growth in the number of construction projects in both residential and nonresidential markets.
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 like trucks and trailers without drivers, party and banquet equipment and personal and household goods are all excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.