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How many equipment rental companies are there in the US?

How many equipment rental companies are there in the US?

Questions Clients Ask About This Industry There are 3,151 Heavy Equipment Rental businesses in the US as of 2021, a decline of -0.8% from 2020.

How big is the equipment rental industry?

The market size, measured by revenue, of the Tool & Equipment Rental industry is $4.4bn in 2021.

What equipment is rented the most?

Most Frequently Rented Construction Equipment “Scissor lifts [are] generally the most rented item anywhere – but in terms of revenue, large booms and cranes make up the majority of our business.

What is the equipment rental industry?

Industry Definition 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.

Who is the largest equipment rental company in the US?

In 2020, United Rentals, Herc Rentals, and WillScot were the largest equipment rental companies in the United States. In that year, United Rentals generated over 6.5 billion euros in rental revenue from its global operations.

Is rental equipment a good investment?

This industry has been very profitable for investors. As per a study, the equipment rental market size is going to rise from 49.4 billion U.S dollars in 2017 to 59.4 billion U.S dollar in 2021. Equipment rentals require huge investment because of the machinery but also experience high-profit margins.

How big is the US rental market?

The latest figures suggest that there are roughly 43.3 million households now renting in the US, up from 34.6 million just before the Great Recession. Meaning, the total market share of the US renting market sits at 36.6%, just slightly lower than the 37% back in 1965.

What is the biggest rental company?

United Rentals, Inc.
Stamford, Connecticut, U.S. United Rentals, Inc. (NYSE: URI) is the world’s largest equipment rental company, with about 13 percent of the North American market share as of 2019. It owns the largest rental fleet in the world with about 660,000 rental units totaling about $14.2 billion in original equipment cost (OEC).

Who is the largest equipment rental company?

Herc Rentals The largest generalist equipment rental company in the US after United Rentals and Sunbelt Rentals (Ashtead Group).

Is house rental business profitable?

You need to charge high enough rent to cover your expenses and take home a profit. With mortgage payments to contend with and a tough competition, you may only be able to profit $200 to $400 per month on a property. That’s $4,800 a year, a far cry from the $50,000 we’re talking about for earning a living.

What is the market for construction equipment rental?

The surge in the construction and mining activities, mostly in the developing countries is the key factor driving the market for construction equipment rental. The emergence of new technologies including digital services for automated service improvements, equipment service tracking, and mapping features has been an ongoing trend within the market.

Where is the rental market in the Middle East?

Countries in the Middle East region such as Saudi Arabia and Qatar have an augmented demand for rental equipment such as loaders and excavators owing to surge in major projects such as FIFA World Cup 2022, Jazan Economic City, King Abdullah Economic City, Vision 2030, and Jeddah Metro.

Are there any rental companies in North America?

In September 2018, United Rentals, Inc. announced the acquisition of BlueLine Rental, which has 114 locations in North America. If you need specific information, which is not currently within the scope of the report, we will provide it to you as part of the customization.

Which is the largest rental market in the world?

North America accounted for the largest revenue share of over 48% in 2019 and is characterized by the presence of prominent rental players operating in the U.S. as well as Canada.