The US Equipment Rental Market 2021 Business Scenario – United Rentals, Inc., Ashtead Group (Sunbelt), Herc Holdings Inc. and The Home Depot, Inc

The US Equipment Rental Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Report analyses the post-COVID-19 (Corona Virus) impact on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

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The 66 pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global The US Equipment Rental Market: United Rentals, Inc., Ashtead Group (Sunbelt), Herc Holdings Inc. and The Home Depot, Inc and others.

Industry News and Updates:

United Rentals to Hold Blue Thursday Used Equipment Sale at More than 100 Locations

On Thursday, November 19, 2020, more than 100 United Rentals locations across North America will host the company’s Blue Thursday Equipment Sale, where customers can browse used equipment at special discounts, originally sourced from top-tier manufacturers. COVID-19 safety measures will be enforced. The company will offer a wide range of aerial work platforms, earthmoving equipment, light towers, generators and more.

“This year, more than ever, companies are looking to safely increase productivity with cost-effective solutions,” said Mike Durand, senior vice president, sales and Western Division Operations at United Rentals. “If you’re planning to add to your equipment fleet, or buy your first machine, there are certain considerations to keep in mind as you shop the used equipment market.”

Sunbelt Rentals’ Parent Ashtead Accesses Additional $500 Million in Credit

Apr 27, 2020: Ashtead plc, parent company of Sunbelt Rentals, has accessed an additional $500 million in credit through its senior secured credit facility for one year, in response to a general business slowdown caused by the COVID-19 pandemic. The additional funding increases the facility size to $4.6 billion for the next 12 months.

Also, in early March, the company took several measures to optimize cash flow, reduce operating costs, and strengthen its liquidity. The measures include reducing capital expenditures for the year ending April 30, 2021, to about £500 million from the initial range of £1.1 to £1.3 billion; suspending all current and prospective M&A activity; pausing its share buyback program from March 19; implementing a group wide freeze on new hires; and reducing discretionary staff costs, use of third-party freight haulers and other operating expenditures consistent with reduced activity levels.

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Executive Summary

The equipment rental includes different machineries and tools of various types and sizes, which is provided by the rental companies on lease or on rent. The equipment is used by the customers for a limited span of time. The customers need to pay rental charges to the rental companies, along with some extra charging elements, such as travel cost, installation or services cost, etc.

Equipment Rental can help many industries to fulfill the seasonal demand of equipment. The main benefits of the Equipment Rental include the catering to short-term equipment need, forgoing the upfront investment, decreasing long-run expense, saving tax, solving equipment storage issues, shielding from market fluctuation and eliminating the responsibility of testing, maintenance and service.

The equipment rental market can be segmented on the basis of type (Party and Event equipment, General Tools & Construction and Industrial Equipment) and industry (Oil & Gas Industry, Construction Industry, Mining Industry & Power Industry). The construction and Industrial Equipment Rental market can be further segmented on the basis of type (Earthmoving Machinery, Material Handing Machinery and Concrete Road Construction).

The US equipment rental market has increased significantly during the years 2016-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The growth of the equipment rental market through the historic period was supported by growing construction spending, escalating oil and natural gas production, rising employment, soaring investment in equipment rental, increasing labor cost, etc. Yet the market faces some challenges such as complex business and use of Equipment Rental by unqualified operators, etc.

The Covid-19 pandemic is a headwind to the equipment rental market as restriction on construction activities and ban on social gatherings/ parties has dampened demand for equipment like earthmoving machine, road and bridge construction equipment, light and sound system etc. However, it is expected that as the impact of Covid-19 subsides and lockdowns are relaxed, economic activities would restart throughout the US. This in turn would reinvigorate the demand for various equipment. Thus, helping the equipment rental market in the country to recover gradually from the impact of the pandemic.

The research study evaluates the overall size of the market, by making use of a bottom-up approach, wherein data for different industry verticals, and end-user industries and its applications across various product types have been recorded and predicted during the forecast period. These segments and sub-segments have been documented from the industry specialists and professionals, as well as company representatives, and are outwardly validated by analyzing previous years’ data of these segments and sub-segments for getting an accurate and complete market size.                                            

Following are major Table of Content of The US Equipment Rental Industry:

The US Equipment Rental Market Sales Overview.
The US Equipment RentalMarket Sales Competition by Manufacturers.
The US Equipment Rental Market Sales Analysis by Region.
The US Equipment Rental Market Sales Analysis by Type.
The US Equipment Rental Market Analysis by Application.
The US Equipment RentalMarket -Manufacturers Analysis.

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Cyclical dynamics - We foresee dynamics of industries by using core analytical and unconventional market research approaches. Our clients use insights provided by us to maneuver themselves through market uncertainties and interferences.

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Interrelated opportunities - This report will allow clients to make decisions based on data, thereby increasing the chances that the strategies will perform better if not best in real world.

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