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US Equipment Rental Market (Construction & Industrial, General Tools and Party & Event Equipment): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)

  • ID: 5504441
  • Report
  • November 2021
  • Region: United States
  • 73 Pages
  • Koncept Analytics
10% Free customization
10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

The U.S. equipment rental market is expected to record a value of US$64.71 billion in 2025, growing at a CAGR of 5.47%, for the time period of 2021-2025. The factors such as rise in party & event planning, growth in oil & gas production, rising employment and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by tracking equipment utilization, processing equipment return and balancing portfolio and cash flow. A few notable trends include rising use of management software, continuous technological advancements and growth in government projects.



The U.S. equipment rental market is growing due to the expansion of the construction industry. There is a substantial growth in the number of rental service consumers as contractors and dealers are opting for rentals to reduce the size of their fleet and lower the complexity in organizations that may otherwise affect activities, namely, asset disposals, logistics, maintenance, and procurement. As there is a growing number of infrastructure projects the adoption rate of rental services is rising, which is accelerating the growth of the equipment rental market in the U.S.


In 2020, the market witnessed a decline due to the outbreak of the COVID-19 pandemic because of the imposed lockdown, which restricted industrial operations and halted major economic activities. However, with the upliftment of the restrictions, market conditions eased down and market growth got stabilized. The Home Depot, United Rentals, Ashtead Group (Sunbelt Rentals), Herc Holdings, H&E Equipment Services and BrandSafway are the major players dominating the US equipment rental market.


Scope of the report

  • The report provides a comprehensive analysis of the U.S. equipment rental market
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (The Home Depot, United Rentals, Ashtead Group (Sunbelt Rentals), Herc Holdings, H&E Equipment Services and BrandSafway) are also presented in detail.

Key Target Audience

  • Equipment Rental Companies
  • Tools and Equipment Manufacturers
  • Raw Material Suppliers
  • Potential Audience (Construction industry, Mining Industry, End-use Customers)
  • Investment Banks
  • Government Bodies & Regulating Authorities
Frequently Asked Questions about the US Equipment Rental Market

What is the estimated value of the US Equipment Rental Market?

The US Equipment Rental Market was estimated to be valued at $52.3 Billion in 2021.

What is the growth rate of the US Equipment Rental Market?

The growth rate of the US Equipment Rental Market is 5.4%, with an estimated value of $64.7 Billion by 2025.

What is the forecasted size of the US Equipment Rental Market?

The US Equipment Rental Market is estimated to be worth $64.7 Billion by 2025.
Note: Product cover images may vary from those shown

1. Market Overview
1.1 Introduction
1.2 Categories of Equipment
1.3 Top Benefits Of Equipment Rentals
1.4 Types of Rental Equipment
1.5 Heavy Machines Value Chain Structure
2. COVID-19 Impact
2.1 Impact on Economic Growth
2.2 Impact on Construction Industry
2.3 Fall in the Rig Count
3. The U.S. Market Analysis
3.1 The U.S. Equipment Rental Market by Value
3.2 The U.S. Equipment Rental Market Forecast by Value
3.3 The U.S. Equipment Rental Market by Product Category
3.3.1 The U.S. Construction & Industrial Equipment Rental Market by Value
3.3.2 The U.S. Construction & Industrial Equipment Rental Market Forecast by Value
3.3.3 The U.S. General Tools Rental Market by Value
3.3.4 The U.S. General Tools Rental Market Forecast by Value
3.3.5 The U.S. Party & Event Equipment Rental Market by Value
3.3.6 The U.S. Party & Event Equipment Rental Market Forecast by Value
3.4 The U.S. Construction Equipment Rental Market by Product Type
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rise in Party and Event Planning
4.1.2 Growth in Oil and Gas Production
4.1.3 Rising Employment
4.1.4 Rapid Urbanization
4.2 Key Trends
4.2.1 Increasing Rental Penetration Rate
4.2.2 Rising Use of Management Software
4.2.3 Continuous Technological Advancements
4.2.4 Growth in Government Projects
4.3 Challenges
4.3.1 Tracking Equipment Utilization
4.3.2 Processing Equipment Returns
4.3.3 Balancing Portfolio And Cash Flow
5. Competitive Landscape
5.1 The U.S. Market
5.1.1 Key Players - Revenue Comparison
5.1.2 Key Players - Market Capital Comparison
5.1.3 The U.S. Equipment Rental Market Share by Company
6. Company Profiles
6.1 The Home Depot
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 United Rentals
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 Ashtead Group (Sunbelt Rentals)
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 Herc Holdings
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
6.5 H&E Equipment Services
6.5.1 Business Overview
6.5.2 Financial Overview
6.5.3 Business Strategies
6.6 BrandSafway
6.6.1 Business Overview
6.6.2 Business Strategies
List of Figures
  • Categories of Equipment
  • Heavy Machines Value Chain Structure
  • The U.S. GDP Growth Rate (2019-2021)
  • The U.S. Construction Spending (2018-2020)
  • The U.S. Total Rig Count (2015-2021)
  • The U.S. Equipment Rental Market by Value (2016-2020)
  • The U.S. Equipment Rental Market Forecast by Value (2021-2025)
  • The U.S. Equipment Rental Market by Product Category (2020)
  • The U.S. Construction & Industrial Equipment Rental Market by Value (2016-2020)
  • The U.S. Construction & Industrial Equipment Rental Market Forecast by Value (2021-2025)
  • The U.S. General Tools Rental Market by Value (2016-2020)
  • The U.S. General Tools Rental Market Forecast by Value (2021-2025)
  • The U.S. Party & Event Equipment Rental Market by Value (2016-2020)
  • The U.S. Party & Event Equipment Rental Market Forecast by Value (2021-2025)
  • The U.S. Construction Equipment Rental Market by Product Type (2020)
  • The U.S. Party and Event Planning Market Revenue (2018-2021)
  • The U.S. Crude Oil and Natural Gas Production (2016-2020)
  • Number of Employees in The U.S. Mining, Logging, and Construction industry (2019-2021)
  • The U.S. Urbanization Population (2016-2020)
  • The U.S. Rental Penetration Rate (2000-2020)
  • The U.S. Enterprise Resource Planning (ERP) Software Market (2018-2021)
  • The U.S. Equipment Rental Market Share by Company (2020)
  • The Home Depot Net Sales and Net Earnings (2016-2020)
  • The Home Depot Net Sales by Region (2020)
  • United Rentals Total Revenue & Net Income (2016-2020)
  • United Rentals Total Revenue by Segment (2020)
  • United Rentals Total Revenue by Region (2020)
  • Ashtead Group Revenue and Profit (2016-2020)
  • Ashtead Group Revenue by Segments (2020)
  • Herc Holdings Total Revenue and Net Income (Loss) (2016-2020)
  • Herc Holdings Total Revenue by Region (2020)
  • H&E Equipment Services Total Revenue and Net Loss (Income) (2016-2020)
  • H&E Equipment Services Total Revenue by Segment (2020)

List of Tables
  • Top Benefits of Equipment Rentals
  • Types of Rental Equipment
  • Key Players - Revenue Comparison (2020)
  • Key Players - Market Capital Comparison (2021)
Note: Product cover images may vary from those shown

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