Hello, can you provide recent references as to the size of the tool
and equipment rental industry in the US and/or North America (US and
Canada)? I'd like to exclude party/event rental, and specialty rentals
such as inlatables, movie props, etc. There are many contradictory
numbers thrown around for this industry, most of them in the $20
billion to $25 billion range, and I'm trying to pin it down as of 2003
or close to it. Any forecast information would also be helpful.
Thank you.

---

Clarification of Question by incagenda-ga on 17 Jul 2004 08:15 PDT

Clarification: I'm just interested in tool and equipment rental,
thanks. Excluded are consumer rentals ... like appliances and
electronics, rent-to-own furniture, videtapes and vehicles. The
primary customers of tool and equipment rental are contractors,
subcontractors and facility managers.

The equipment rental industry is worth $25 billion.

?NES is a leader in the $25 billion equipment rental industry,
specializing in renting specialty and general equipment to industrial
and construction end-users. We rent more than 750 types of equipment
and distribute new equipment for nationally recognized original
equipment manufacturers.?
http://www.nesrentals.com/about_nes/equipment_rental_company.aspx


?In mid-September 2003, (..)  NES acquired 42 companies in the highly
fragmented, $25 billion equipment rental industry.?
http://www.nesrentals.com/about_nes/NES_News_article.aspx?NewsID=3


From Yahoo Financial News:

NES Rentals Holdings, Inc. is the fourth largest company in the $24
billion equipment rental industry. The Company focuses on renting
specialty and general equipment to industrial and construction
end-users.
http://biz.yahoo.com/prnews/040526/cgw083_1.html


Forecast Information:

According to Nick Mavrick, vice president of global strategy and
marketing for Volvo Rents, the equipment  rental industry is about a
$24.5 billion industry  and is expected to grow to 50 percent by 2007.

Equipment Rental Companies Look Forward to Stable Growth in 2004,
Focusing on the Customer and Not Consolidation

?Experts are forecasting at least a slight increase in new equipment
acquisition for 2004, while more than 40 percent of rental operators
surveyed by ARA plan to buy new equipment in 2004.?

(..)

"The rental industry is about a $24.5 billion industry, and about 35
percent of all equipment goes into the rental channel; that
[percentage] is expected to grow to 50 percent by 2007," says Nick
Mavrick, vice president of global strategy and marketing for Volvo
Rents. "That doesn't mean that rental is going to take over, but
customers realize that if they're not going to utilize equipment at
least 65 percent of the time, they are better off renting. It made
sense for the manufacturers to get involved and I don't think there's
a question that you're going to see more of it [in the future]."

(..)

?In the equipment rental industry, there was a significant slowdown of
fleets and equipment being replaced that spanned throughout 2002 and
2003.?

(..)

?Short-term, the rental industry will try to recover to where it can
averaging single-digit growth on an annual basis, then eventually
return to double-digit growth.?

Read the complete article here:
http://www.compactequip.com/features.php?Show=revitalizingtherental


From a United Rentals Presentation in the Google cache:
See page 16-24 for outlook of the equipment rental industry and major players
http://216.239.41.104/search?q=cache:bGOIEtwnZaUJ:cmsu2.cmsu.edu/public/classes/Thomas,%2520Josh/MGT%25201300/Example%2520Business%2520Plan/United%2520Rentals%2520Presentation.ppt+%22Today+the+equipment+rental+industry+brings+in+25+billion+dollars+in+revenue+annually.&hl=en

Or use this link:  http://tinyurl.com/3jddg

Search criteria:
"Equipment rental industry" billion
Equipment rental companies
"Equipment rental industry" +outlook
"Equipment rental industry" +forecast


I hope you find this information useful!

Best regards,
Bobbie7

$20 to 25 billion sounds low, in view of this:

"The entire equipment rental industry including industrial/ heavy
equipment, tools, event/party, and electronics equipment totaled $233
billion in 2000."

http://www.imakenews.com/rcwmirus/e_article000017521.cfm