US Rental Equipment Market Size, Trends & Forecasts (2017-2021): United Rentals, Ashtead Group (Sunbelt), Herc Rentals and Home Depot

Scope of the Report

The report entitled The US Rental Equipment Market: Size, Trends & Forecasts (2017-2021), provides analysis of the US rental equipment market, with detailed analysis of market size and growth, and segmentation of the industry. The analysis includes the market by value, by penetration rate, and by segmentation.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall US rental equipment market has also been forecasted for the years 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

United Rentals, Ashtead Group (Sunbelt), Herc Rentals and Home Depot are some of the key players operating in the US rental equipment market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

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Company Coverage

United Rentals
Ashtead Group (Sunbelt)
Herc Rentals
Home Depot

Executive Summary

All the electrical instruments which are used for specific services and tasks are defined as equipments. Equipments are used because they increase productivity, improves the quality of work, are easy to maintain and use, etc. There are broadly three types of equipments: mechanical equipments, manual equipments and powered equipments.

Usually heavy equipments are taken on rent. Rental equipments is a service where different types of equipments are provided on rent for an agreed time duration. Rental programs are of three types based on the time duration of rent. These are emergency/unplanned rentals for same day equipment delivery, short term rental for a month long rent of the equipment and long-term rental for more than a month long rent of the ordered machines/equipment.

There are three rental equipment segments, namely construction and industrial equipments where big/heavy equipments which are used for construction and other manufacturing processes; general tools where normal regular equipments are provided and party & events where different equipments related to the events field like staging and lighting are provided on rent. There are many end users for equipment renting: facilities and municipalities, entertainment and special events, data centers, construction and emergency. Renting of equipments comprises of many benefits such as flexible contract periods, availability of latest technology, tax saving, relieving from storage and transportation cost, etc.

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The US rental equipment market is expected to increase at high growth rates during the forecasted period (2017-2021). The US rental equipment market is supported by various growth drivers, such as improving economic understanding of customers, expanding range of renting equipment, fragmented and highly diverse customer base, etc. Yet, the market faces certain challenges, such as, uncertainties in global economic growth, lack of services available in remote areas, etc. Few new market trends are also provided such as, growing trend of joint ventures, rising need to replace outdated equipments, etc.

1. Executive Summary

2. Introduction

2.1 Equipment: An Overview
2.1.1 Equipment: Meaning
2.1.2 Advantages of Equipments
2.1.3 Types of Equipments

2.2 Rental Equipment: An Overview
2.2.1 Rental Equipment Meaning
2.2.2 Types of Rental Programs
2.2.3 Rental Equipment by Segment
2.2.4 Rental Equipments End Users
2.2.5 Advantages and Disadvantages of Renting Equipments

3. The US Market Analysis

3.1 The US Rental Equipment Market: An Analysis

3.1.1 The US Rental Equipment Market by Value
3.1.2 The US Rental Equipment Market Penetration Rate

3.2 The US Rental Equipment Market: Segment Analysis

3.2.1 The US Rental Equipment Market by Segments
3.2.2 The US Construction and Industrial Rental Equipment Market by Value
3.2.3 The US General Tool Rental Equipment Market by Value
3.2.4 The US Party and Events Rental Equipment Market by Value

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4. Market Dynamics

4.1 Growth Drivrs

4.1.1 Improving Economic Understanding of Customers
4.1.2 Extending Networks of Suppliers
4.1.3 Expanding Range of Renting Equipment
4.1.4 Fragmented and Highly Diverse Customer Base
4.1.5 Growing Construction
4.1.6 Increased Competition

4.2 Challenges

4.2.1 Uncertainties in Global Economic Growth
4.2.2 Lack of Services Available in Remote Areas

4.3 Market Trends

4.3.1 Growing Trend of Joint Ventures
4.3.2 Rising Need to Replace Outdated Equipments
4.3.3 Introduction of Fleet Management Software Service by Leading OEMs

5. Competitive Landscape

5.1 The US Rental Equipment Market Share by Players

6. Company Profiling

6.1 United Rentals
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy

6.2 Ashtead Group (Sunbelt)
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategy

6.3 Herc Holdings Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy

6.4 The Home Depot
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy

List of Figures

Figure 1: Advantages of Equipments
Figure 2: Types of Equipments
Figure 3: Types of Rental Programs
Figure 4: Rental Equipment by Segment
Figure 5: Rental Equipments End Users
Figure 6: Advantages and Disadvantages of Renting Equipments
Figure 7: The US Rental Equipment Market by Value; 2016-2021 (US$ Billion)
Figure 8: The US Rental Equipment Market Penetration Rate; 2012-2016 (Percentage, %)
Figure 9: The US Rental Equipment Market Penetration Rate; 2017-2021 (Percentage, %)
Figure 10: The US Rental Equipment Market by Segments; 2016 (Percentage, %)
Figure 11: The US Construction and Industrial Rental Equipment Market by Value; 2016-2021 (US$ Billion)
Figure 12: The US General Tool Rental Equipment Market by Value; 2016-2021 (US$ Billion)
Figure 13: The US Party and Events Rental Equipment Market by Value; 2016-2021 (US$ Billion)
Figure 14: Construction Spending in The US; 2011-2016 (US$ Billion)
Figure 15: The US Rental Equipment Market Share by Players; 2016 (Percentage, %)
Figure 16: United Rentals Revenue; 2012-2016 (US$ Billion)
Figure 17: United Rentals Revenue by Segments; 2016 (Percentage, %)
Figure 18: United Rentals Revenue by Regions; 2016 (Percentage, %)
Figure 19: Ashtead Group Revenue; 2013-2017 (US$ Billion)
Figure 20: Ashtead Group Revenue by Segments; 2017 (Percentage, %)
Figure 21: Ashtead Group Revenue by Regions; 2017 (Percentage, %)
Figure 22: Herc Holdings Inc. Revenue; 2012-2016 (US$ Billion)
Figure 23: Herc Holdings Inc. Revenue by Region; 2016 (Percentage, %)
Figure 24: The Home Depot Net Sales; 2012-2016 (US$ Billion)
Figure 25: The Home Depot Net Sales by Region; 2016 (Percentage, %)
Figure 26: The Home Depot Net Sales by Product Type; 2016 (Percentage, %)

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