US Equipment Rental Market (Construction & Industrial, General Tools and Party & Event Equipment): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)
The U.S. equipment rental market is expected to record a value of US$68.52 billion in 2026, growing at a CAGR of 5.47%, for the time period of 2022-2026. 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 may be 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 are 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.
The Home Depot, United Rentals, Ashtead Group (Sunbelt Rentals), Herc Holdings, H&E Equipment Services and BrandSafway are the major players dominating the U.S. 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
- 1. Market Overview
- 1.1 Introduction
- 1.2 Categories of Equipment
- Table 1: Categories of Equipment
- 1.3 Top Benefits Of Equipment Rentals
- Table 2: Top Benefits Of Equipment Rentals
- 1.4 Types of Rental Equipment
- Table 3: Types of Rental Equipment
- 1.5 Heavy Machines Value Chain Structure
- Table 4: Heavy Machines Value Chain Structure
- 2. Impact of COVID-19
- 2.1 Impact on Economic Growth
- Table 5: The U.S. GDP Growth Rate (2019-2021)
- 2.2 Impact on Construction Industry
- Table 6: The U.S. Construction Spending (2018-2020)
- 2.3 Fall in the Rig Count
- Table 7: The U.S. Total Rig Count (2015-2021)
- 3. The U.S. Market Analysis
- 3.1 The U.S. Equipment Rental Market by Value
- Table 8: The U.S. Equipment Rental Market by Value (2017-2021)
- 3.2 The U.S. Equipment Rental Market Forecast by Value
- Table 9: The U.S. Equipment Rental Market Forecast by Value (2022-2026)
- 3.3 The U.S. Equipment Rental Market by Product Category
- Table 10: The U.S. Equipment Rental Market by Product Category (2021)
- 3.3.1 The U.S. Construction & Industrial Equipment Rental Market by Value
- Table 11: The U.S. Construction & Industrial Equipment Rental Market by Value (2017-2021)
- 3.3.2 The U.S. Construction & Industrial Equipment Rental Market Forecast by Value
- Table 12: The U.S. Construction & Industrial Equipment Rental Market Forecast by Value (2022-2026)
- 3.3.3 The U.S. General Tools Rental Market by Value
- Table 13: The U.S. General Tools Rental Market by Value (2017-2021)
- 3.3.4 The U.S. General Tools Rental Market Forecast by Value
- Table 14: The U.S. General Tools Rental Market Forecast by Value (2022-2026)
- 3.3.5 The U.S. Party & Event Equipment Rental Market by Value
- Table 15: The U.S. Party & Event Equipment Rental Market by Value (2017-2021)
- 3.3.6 The U.S. Party & Event Equipment Rental Market Forecast by Value
- Table 16: The U.S. Party & Event Equipment Rental Market Forecast by Value (2022-2026)
- 3.4 The U.S. Construction Equipment Rental Market by Product Type
- Table 17: The U.S. Construction Equipment Rental Market by Product Type (2021)
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.1.1 Rise in Party and Event Planning
- Table 18: The U.S. Party and Event Planning Market Revenue (2018-2021)
- 4.1.2 Growth in Oil and Gas Production
- Table 19: The U.S. Crude Oil and Natural Gas Production (2017-2021)
- 4.1.3 Rising Employment
- Table 20: Number of Employees in The U.S.
- Mining, Logging, and Construction industry (2019-2021)
- 4.1.4 Rapid Urbanization
- Table 21: The U.S. Urbanization Population (2017-2021)
- 4.2 Key Trends
- 4.2.1 Increasing Rental Penetration Rate
- Table 22: The U.S. Rental Penetration Rate (2000-2020)
- 4.2.2 Rising Use of Management Software
- Table 23: The U.S. Enterprise Resource Planning (ERP) Software Market (2018-2021)
- 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 The U.S. Equipment Rental Market Share by Company
- Table 24: The U.S. Equipment Rental Market Share by Company (2021)
- 6. Company Profiles
- 6.1 The Home Depot
- 6.1.1 Business Overview
- 6.2 United Rentals
- 6.2.1 Business Overview
- 6.3 Ashtead Group (Sunbelt Rentals)
- 6.3.1 Business Overview
- 6.4 Herc Holdings
- 6.4.1 Business Overview
- 6.5 H&E Equipment Services
- 6.5.1 Business Overview
- 6.6 BrandSafway
- 6.6.1 Business Overview
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